To progress, Syria needs serious reform.

Position:Brief article

Two prestigious organizations, The International Monetary Fund (IMF) and the Oxford Business Group, a London based consultancy, say that Syria is beginning to move away from a centralized, planned economy toward a market economy. Basing its conclusions on Syria's improved integration with the global economy via export import trade, the Oxford Business Group bluntly said, "Syria continues to show signs of its transition from a planned to a market economy. Recently released trade figures for 2005 are testament to the progress made." (Source: A posting on the firm's website, July 13, 2006.)

In a Public Information Notice (PIN) issued on July 31, 2006, the IMF called Syria's economy "quite resilient", but noted that "Over the medium term Syria faces daunting economic challenges." In...

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