Hello everyone, I hope you're all doing well. As well. Now I am always trying to keep up with international politics and the situation on the world stage. So recently Syria has concluded a civil war and has ousted their dictatorial regime. I have written extensively about those events. But now after the war comes the rebuilding phase. And Syria is facing some serious troubles in doing so. Due to the civil war the infrastructure across the country, its. two main industries, energy and agriculture have all collapsed entirely. And as of reports they only have 200 million in foreign reserves. Whereas the estimated cost to turn the whole thing around is in the realm of hundreds of billions. So yeah, this is a huge problem.
Now how is the current serum government trying to solve this? Well first of all we must acknowledge that Syria was sanctioned by most European countries and the USA for many years. During this time there was no trade between the country and those countries nor any kind of bilateral relationship. That was because the dictatorial regime was in favor of Russia and Iran and they only received aid from those two countries. But now the new government is promising about a more inclusive Nation building program and they are willing to open up the Syrian economy to privatization and for investment in order to stimulate the economy of Syria. But these things I don't think are as easy as they can be said. Because the moment different government enterprises become private. The first thing that happens is layoffs which will mean more people without jobs and more social instability. If we talk about the long-standing sanctions, I believe that America and the European countries can lift them at least partially. In fact, some European countries have already started to do so. For that, the Syrian government has to promise inclusivity and democracy and overall the Western narrative of politics, whatever that is. And by doing so, if they can prove themselves to be an ideological Ally of the West, I believe they can get their sanctions lifted. But at the same time the Syrian foreign Ministry is trying to cozy up with the Arab states. So I believe that will have some repercussions with the West because ideologically they don't sit on the same table.
Overall, the path towards stability and economic reform in the country is a long way out. With an overwhelming majority of the people living under the poverty line and Kurdish forces still controlling a massive chunk of the country, talking about economic reforms and turning people lives in over their heads is a bit far-fetched at the moment but has sanctions have actually started to get lifted, I believed it was at least a bit relevant.
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