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A look at past economic development in Syria and a discussion of expected future growth, along with potential obstacles. Syrian oil production will be the most expansive factor in the economy, coupled with anticipated industrial agricultural benefits from power and water to be supplied by the Russian-built Euphrates Dam project. An annual growth rate in the national product of 5 to 6 percent is possible. But coups, revolutions, and the imposition of Egyptian-style socialism have paralyzed private investment initiative. Agriculture is stagnant. Unless the windfall from oil is used to create conditions for future large-scale manufacturing, and unless vigorous efforts at importing technical know-how and boosting agricultural productivity are made, the long-term outlook for economic development may be bleak. 61 pp

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