Essay: Economic cohesion and cooperation between Syria and Iran

11 Oct

Essay: Economic cohesion and cooperation between Syria and Iran

Sample Essay

Economic surveys in both Syria and Iran indicate that economies of both countries are mainly run by the state (Raphaeli, & Gersten, 2008). This similarity is attributed to the fact that the two chose this form of government because of a collective agreement. With a per capita income of about $ 1,200, the World Bank as a lower middle-income country categorized Syria in 2006.

Its economy was also described as stagnant though it was stable. Raphaeli & Gersten further reveal that, Iran has most of its industries being run by the state with a few private investors owning a bigger stake in the agricultural, foreign, and domestic trade, mining and small scale manufacturing with establishment of private enterprises still remaining a big challenge in this country. The country still experiences a lot of problem in absorbing a huge 750,000 new entrants into the job market.

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