The Economic Impact of the Syrian War and the Spread of ISIS
The Syrian war and the subsequent emergence and spread of the Islamic State (ISIS) have transformed the Levant in ways one could not have imagined prior to 2011. As the numbers of dead and of refugees and internally displaced kept climbing, and as...
| Main Authors: | , |
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| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2015
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2015/01/23888777/economic-impact-syrian-war-spread-isis http://hdl.handle.net/10986/22586 |
| Summary: | The Syrian war and the subsequent
emergence and spread of the Islamic State (ISIS) have
transformed the Levant in ways one could not have imagined
prior to 2011. As the numbers of dead and of refugees and
internally displaced kept climbing, and as families were
torn apart and neighborhoods were turned into war zones,
economies slumped and regional economic ties broke down. The
shock of these events, henceforth referred to as the Levant
conflict or war, has changed the region in profound ways,
yet there are no systematic evaluations of its economic
impact. Our objective was to address this gap and quantify
both the direct and indirect economic effects of the war on
the countries in the greater Levant--Turkey, the Syrian Arab
Republic, Iraq, Jordan, Lebanon, and the Arab Republic of
Egypt. It is important to note that the analysis in our
paper does not factor in several types of costs. The authors
do not assess the cost of delivering basic services to
refugees in receiving countries; these costs could be
substantial for Jordan, Lebanon, and Turkey. The costs of
replenishing depleted human and physical capital in Syria
will also be sizable. The authors also ignore important
dynamic investment-growth links that may amplify the effects
discussed here. |
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