It also has another advantage: high foreign exchange reserves.
However, Syria's economy has other challenges to face as a result of its current movement through a "transitional phase", economic experts say.
"We are a transitional economy, moving from a command economy to a market economy," Nabeel Sukkar, founder and manager director of The Syrian Consulting Bureau for Development and Investment (SCB), added."
"Why [do] we want to move to a market economy?" Sukkar asked Gulf News. "Because a market economy leads to more efficiency in allocating resources."
Read the rest of this article: It says what the introduction says, that Syria was able to build a low debt, high foreign reserve economy under a "command-type" economy, which mitigated the impacts of the financial crash. But now, they have to introduce neo-liberal economy in order for the new plutocracy to empty the coffers and to destroy the productive sectors, agriculture and industry.