The Syrian Civil War is the largest ongoing military conflict in the world, already claiming a total of at least 167,000 lives* since civil unrest first erupted in March 2011 on the heels of the Arab Spring. Human life is one measure of a wars devastation. Today, we examine the devastation of war from an economic perspective: international trade. The disruption in Syrian trade has already lowered its ranking globally from the 88th largest exporter in 2011 to the 141st in 2015.
Humanitarian aid has partially offset some of Syria’s loss in merchandise imports. Amounting to roughly $4.5 billion in 2015, aid was almost equal to Syria's total merchandise imports that same year. These numbers should be used and considered with due caution given reporting lapses and losses that go hand-in-hand with a country in civil war.
Learn more about Syria’s trade profile and arms and ammunition trade below in today’s Viz of the Day.
Development of travel industry leads to benefites in different sectors. For exapmle, huge number of travalers usually increase in demand of souvenirs . It also can be rise in sales in real estates. It dependes positively on economy. On the other hand, if residents of some country spend a lot for tourism it denotes contry's wealth.
Until the liberalisation of 1991, India was largely and intentionally isolated from the world markets, to protect its economy and to achieve self-reliance. Foreign trade was subject to import tariffs, export taxes and quantitative restrictions, while foreign direct investment (FDI) was restricted by upper-limit equity participation, restrictions on technology transfer, export obligations and government approvals; these approvals were needed for nearly 60% of new FDI in the industrial sector. The restrictions ensured that FDI averaged only around $200 million annually between 1985 and 1991; a large percentage of the capital flows consisted of...