Working Paper

War by other means: Syria’s economic battleground

The research network SYNAPS publishes its publication "War by other means - Syria's economic struggle", which gives an insight into the current state of the Syrian (war) economy.

"War by other means - Syria's economic struggle"

For the past eight years, Syria has been ravaged by a war that has transformed the nation’s economy into a rag rug of chronic business instability, weak splintering trade agreements and utter lack of foreign direct investments. Damascus’ current survival strategy envisages mere improvised damage control by mobilizing a cash flow of funds from regime capital resources and the dwindling private sector, in order to stabilize the Syrian pound. Due to these dire circumstances aggravated by heavy political and economic sanctions from the international community, the question of where Syria is headed, not only politically but also economically is extremely warranted.

The publication of the SYNAPS research network, entitled "War by other means - Syria's economic struggle", provides a profound insight into the current state of the Syrian (war) economy. The connection between economic winners and losers resulting from flight movements, the role of corruption, government failure, external influences such as sanctions and regional interests becomes clear - and especially authentic through quotations from many Syrians.