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This paper provides background information on the Lebanese economy, based on an analysis of the economic consequences of war, and discusses several issues that will be central to Lebanon's prospects for recovery
This volume explores the role of informal networks in the politics of Middle Eastern economic reform. The editor's introduction demonstrates how network-based models overcome limitations in existing approaches to the politics of economic reform. The following chapters show how business-state networks in Egypt, Morocco, Tunisia, Syria, Lebanon, and Jordan have affected privatization programs and the reform of fiscal policies. They help us understand patterns and variation in the organization and outcome of economic reform programs, including the opportunities that economic reforms offered for reorganizing networks of economic privilege across the Middle East.
This collection of essays questions the adequacy of explaining today's internal armed conflicts purely in terms of economic factors and re-establishes the importance of identity and grievances in creating and sustaining such wars. Countries studied include Lebanon, Angola, Colombia and Afghanistan.
Since 1945, over 200 intrastate conflicts have taken place in countries that achieved independence from colonial rule after the second world war. The case of Lebanon offers a striking illustration of these interlocking influences on projects of national economic development. The persistently sectarian nature of the country's political institutions, the relatively poor quality of governance, and the major civil war that engulfed the country from 1975 to 1990, together define not only the context in which the achievements and failures of Lebanese development must be assessed, but also the continuing challenges that it must face in the era of globalization. This book offers an in-depth analysis of Lebanese economic development during the second half of the twentieth century with special emphasis on the civil war and its aftermath. Makdisi offers a definitive assessment of the principal phases of national development since Lebanese independence in the 1940s, and a study of those conditions requisite for sustainable development for Lebanon, as for many other developing countries.
"Lebanon: A Chronicle of Resilience" is an insightful exploration of Lebanon's tumultuous history, rich culture, and enduring spirit. From ancient civilizations to modern-day challenges, this book delves into the country's complex tapestry of conflicts, diversity, and resilience. Through vivid storytelling and historical analysis, it captures the struggles of Lebanon's people while highlighting their unwavering determination to overcome adversity. Whether navigating political turmoil, civil unrest, or external pressures, Lebanon's journey is a testament to the indomitable human spirit and the enduring power of hope. This chronicle offers a nuanced understanding of Lebanon's past, present, and future, illuminating the resilience that continues to define this remarkable nation.

Lebanon

International Monetary Fund. Middle East and Central Asia Dept.

Published: 2017-01-25

Total Pages: 61


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This Selected Issues paper analyzes the impact of the Syrian crisis on Lebanon’s economy. Output growth in Lebanon has fallen sharply since the onset of the Syrian crisis and is too low to accommodate new job seekers, or to address the needs of Lebanon’s more vulnerable population. Moreover, low growth is taking a toll on public debt dynamics, raising the prospect of higher borrowing costs and constrained social and investment spending—both are much needed to improve the quality of public spending and direct it toward more useful and productive uses. The authorities have presented an ambitious proposal to the international community, which centers on a multiyear effort to stimulate growth and employment through a targeted series of investment initiatives.
Annotation In a time of great political change and unrest in the Middle East, this highly topical text offers a succinct account of the contemporary political environment in Lebanon. Tom Najem provides both a developed understanding of the pre-civil war system and an analysis of how circumstances resulting from the civil war combined with essential pre-war elements to define politics in Lebanon. Systematically exploring Lebanons history, society and politics, the author stresses the importance of the crucial role of external actors in the Lebanese system. The analysis encompasses:the formation of the stateweaknesses and dynamics of the Lebanese statethe civil warpost-war government and changethe Lebanese economyforeign policy. Written in a clear and accessible manner, this book fills a conspicuous gap in the existing academic literature on Lebanon. It will be of interest not only to students of international politics and Middle East studies, but also to anyone travelling in or wanting to learn more about the region.
This paper addresses the issue of the appropriate exchange rate regimes for Jordan and Lebanon in the context of the literature on optimum currency areas and the arguments concerning the use of the exchange rate as a nominal anchor for the economy. It presents some empirical results on the nature of output shocks in Jordan and Lebanon in the recent past, on the price sensitivity of exports from Jordan, and on currency and asset substitution in both countries. It does not directly address the issue of whether the current exchange rate in either country is overvalued or not, nor does it discuss the issue of an appropriate exit strategy from the current peg.
A guide to the experiences economic reform since the second world war, and system reform and economic integration across the world in the past decade. The first part of the book examines why only a small number of developing countries have succeeded in their modernization attempts this century. What lessons can be learnt from the successes of the East Asian NIEs and failures of other economies to emulate them? The very different experiences of the transition to market economies in the former socialist countries of Eastern Europe and China is the focus of the next section, with comparisons drawn with the Latin American reform experience, especially in Chile. The effects of economic integration schemes are examined in the final sector, with case-studies of Tunisia and Morocco's Free Trade Agreements with the EU, and of economic integration and the Arab-Israeli peace process.
The economy of the Middle East and North Africa improved considerably in 1996, and remained favorable in 1997. This paper, by Mohamed A. El-Erian and Susan Fennell, presents an assessment of the recent experience of the MENA economies and examines prospects for 1998 and beyond.