Members of Mother Syria Assembly MSA Economic Committee stressed, in their meeting held on 22 April 2017, the need to define new lines, an ideology and a general approach towards a free and liberal economy, and the need to move away from stereotypes, and certain theories such as the social market economy and to learn from other experiences similar to the Syrian case, citing the Malaysian experience as an example.
In this context, MSA President Dr. Mahmoud al-Irk stressed that the economy can’t be separated from politics and they are compatible and interdependent, and the government intervenes to control the market in the service of citizen, noting that investment direction should be defined through private and public sectors, and the need to modernize laws as means to encourage investments , and that MSA should devise a plan and an economic approach that befits the Syrian future.
“I think Syria has a good stock, we have the public sector, but its output is low, and just a venue for absorption to escape the issue of unemployment,” Dr. al-Irk said, adding that the crisis imposed on us a reality that makes it imperative for us to employ what we have correctly , pointing to Turkey, as a living example , where both the formal economy and the light economy are under government control with an output up to $ 1,200 billion, a fact which confirms that following theories is just a long way to go, so we need to look for real cases of emergency, taking Dubai and Bahrain as examples.
The participants in the meeting also stressed the need to start from where others ended, study the negative and positive aspects and come up with an approach that befits MSA set vision , adding that China adopted the social market economy experience , which means that the state has a role in the market as a trader, with emphasis on the role played by the private sector in reviving the economy.
Emphasis was placed on the need to define the general objective, especially as politics determine the investments, with reference to previous experiences in this regard such as the Euro-Mediterranean Partnership, to address the problem which lies in the lack of codification ,accountability and the spread of corruption and then introduce administrative reforms in order to attract Investors.
Then, members of the Committee agreed on the need to hold broad meetings involving economic elites in order to come up with an economic concept or plan of action for post-crisis Syria.