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Syria & Economic Freedom in the Arab World Report 2009  Fatima Aljijakli
BRIEF HISTORICAL BACKGROUND  ,[object Object],[object Object],[object Object],[object Object],[object Object],* Source:   Report Of A Mission  Organized by the International Bank for Reconstruction and Development 1956,  World Bank Group.
Components of The Economic Freedom  of the World Index   ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Economic Freedom Report of the Arab World: 2009 Annual Report Source: Economic Freedom of the World: 2009 Annual Report,  Fraser  Institute
 
Syrian EFW World Rank 1980-2007 Note: In 2002 Fraser Report introduced new Arab Countries, that’s why Syria Regional Ranking had deteriorated more  than the total score.
Syrian EFW Summary Rating 1980-2007 Syria had been fallen behind Arab countries average rating by 1.5-2 point  since 1980 till date. Source: Frasier Institute
Executive Summary ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Size of Government ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: Economic Freedom of the World: 2009 Annual Report,  Fraser  Institute
Size of Government   Expenditure, Taxes and Enterprises Source: Economic Freedom of the World: 2009 Annual Report,  Fraser  Institute
Syrian Arab Republic: Selected Economic Indicators, 2004-08   Source: Syrian Authorities &  International Monterey Fund Staff  Estimates and  Projections, January 2009.         Prel. Proj   2004 2005 2006 2007 2008     (Change in percent, unless otherwise indicated) Total population (millions) 18.8 19.3 20.4 20.8 21.3 Government finances           Revenue 27.2 24.0 25.5 22.3 21.4 Oil- related revenue 11.2 7.1 7.3 4.9 4.7 Non-oil revenue 16.1 16.9 18.2 17.3 16.7 Expenditure 31.4 28.5 26.6 25.7 24.9 Current expenditure 19.0 18.1 16.3 16.1 15.4 Development expenditure 12.4 10.4 10.3 9.6 9.5 Credit to public enterprises 0.5 1.7 3.4 7.6 9.2 Credit to private sector 4.3 6.9 3.5 4.3 6.0 Credit to private sector (change in percent) 35.0 45.9 17.9 20.2 25.8 Credit to private sector (in percent of GDP) 11.7 14.5 14.9 15.1 15.0   (In billions of U.S. dollars, unless otherwise indicated) Balance of payments           Current account balance -0.4 -0.6 -0.9 -1.4 -2.3 (in percent of GDP) -1.6 -2.2 -2.8 -3.3 -4.1
Legal Structure and Security of Property Rights ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: Economic Freedom of the World: 2009 Annual Report,  Fraser  Institute
Legal Structure and Security of Property Rights Source:  Doing Business 2010 Syrian Arab Republic Report, World Bank Group –IFC, 2009
Access to Sound Money ,[object Object],[object Object],[object Object],[object Object],[object Object]
Access to Sound Money Standard deviation of inflation  8.25  Inflation: most recent year  9.22  Money growth  8.68
Freedom to Trade Internationally ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Freedom to Trade Internationally  Black-market exchange rates
Freedom to Trade Internationally Source:  Doing Business 2010 Syrian Arab Republic Report, World Bank Group –IFC, 2009
Regulation of Credit, Labor and Business ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Regulation of Credit, Labor and Business 2009 The Syrian Arab Republic eased business start-up by lowering the paid-in minimum capital requirement and allowing online access to standardized incorporation forms. * A. Credit market regulations  * Source:  Doing Business 2010 Syrian Arab Republic Report, World Bank Group –IFC, 2009
Regulation of Credit, Labor and Business  Doing Business Report 2010 * Source:  Doing Business 2010 Syrian Arab Republic Report, World Bank Group –IFC, 2009
 
RECENT GOVERNMENT ACTION TO IMPROVE ECONOMICAL FREEDOM 2009 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
FINALLY TRACING BACK POLICES CHANGES IN SYRIA DURING THE PAST 60YRS SETS UP A GOOD EXAMPLE HOW CAN ECONOMICAL FREEDOM FOSTER GROWTH.
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Syria and the Economic Freedom of the Arab World Report 2009

  • 1. Syria & Economic Freedom in the Arab World Report 2009 Fatima Aljijakli
  • 2.
  • 3.
  • 4. Economic Freedom Report of the Arab World: 2009 Annual Report Source: Economic Freedom of the World: 2009 Annual Report, Fraser Institute
  • 5.  
  • 6. Syrian EFW World Rank 1980-2007 Note: In 2002 Fraser Report introduced new Arab Countries, that’s why Syria Regional Ranking had deteriorated more than the total score.
  • 7. Syrian EFW Summary Rating 1980-2007 Syria had been fallen behind Arab countries average rating by 1.5-2 point since 1980 till date. Source: Frasier Institute
  • 8.
  • 9.
  • 10. Size of Government Expenditure, Taxes and Enterprises Source: Economic Freedom of the World: 2009 Annual Report, Fraser Institute
  • 11. Syrian Arab Republic: Selected Economic Indicators, 2004-08 Source: Syrian Authorities & International Monterey Fund Staff Estimates and Projections, January 2009.         Prel. Proj   2004 2005 2006 2007 2008     (Change in percent, unless otherwise indicated) Total population (millions) 18.8 19.3 20.4 20.8 21.3 Government finances           Revenue 27.2 24.0 25.5 22.3 21.4 Oil- related revenue 11.2 7.1 7.3 4.9 4.7 Non-oil revenue 16.1 16.9 18.2 17.3 16.7 Expenditure 31.4 28.5 26.6 25.7 24.9 Current expenditure 19.0 18.1 16.3 16.1 15.4 Development expenditure 12.4 10.4 10.3 9.6 9.5 Credit to public enterprises 0.5 1.7 3.4 7.6 9.2 Credit to private sector 4.3 6.9 3.5 4.3 6.0 Credit to private sector (change in percent) 35.0 45.9 17.9 20.2 25.8 Credit to private sector (in percent of GDP) 11.7 14.5 14.9 15.1 15.0   (In billions of U.S. dollars, unless otherwise indicated) Balance of payments           Current account balance -0.4 -0.6 -0.9 -1.4 -2.3 (in percent of GDP) -1.6 -2.2 -2.8 -3.3 -4.1
  • 12.
  • 13. Legal Structure and Security of Property Rights Source: Doing Business 2010 Syrian Arab Republic Report, World Bank Group –IFC, 2009
  • 14.
  • 15. Access to Sound Money Standard deviation of inflation 8.25 Inflation: most recent year 9.22 Money growth 8.68
  • 16.
  • 17. Freedom to Trade Internationally Black-market exchange rates
  • 18. Freedom to Trade Internationally Source: Doing Business 2010 Syrian Arab Republic Report, World Bank Group –IFC, 2009
  • 19.
  • 20. Regulation of Credit, Labor and Business 2009 The Syrian Arab Republic eased business start-up by lowering the paid-in minimum capital requirement and allowing online access to standardized incorporation forms. * A. Credit market regulations * Source: Doing Business 2010 Syrian Arab Republic Report, World Bank Group –IFC, 2009
  • 21. Regulation of Credit, Labor and Business Doing Business Report 2010 * Source: Doing Business 2010 Syrian Arab Republic Report, World Bank Group –IFC, 2009
  • 22.  
  • 23.
  • 24.
  • 25. FINALLY TRACING BACK POLICES CHANGES IN SYRIA DURING THE PAST 60YRS SETS UP A GOOD EXAMPLE HOW CAN ECONOMICAL FREEDOM FOSTER GROWTH.
  • 26.