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Showing posts with the label “Hazem al-Sharaa”

Syria: Austerity and Liberalism

“In its bid to attract foreign investment, the government has embraced a  neoliberal model  of economic liberalisation, sharp austerity and a shrinking public sector. These measures have been accompanied by policies and decisions that reinforce the concentration of economic power among the new ruling elite, while the vast majority of Syrians continue to live  in poverty . “So far, the majority of these investments have been in tourism, real estate and financial services, reflecting a focus on short-term profits at the expense of productive sectors such as manufacturing and agriculture.”