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Managing Lebanon's Compounding Crises

Lebanon is suffering economic meltdown while its politicians dither. Reform – and fiscal relief – is unlikely before 2022 elections. While pushing for timely polls, international partners should send humanitarian assistance to ease the public’s pain, keep key infrastructure running and avert security breakdowns. ....

Bar Elias , United States , Bekaa Valley , Mont Liban , Liban Nord , Al Mayadeen , Dayr Az Zawr , Saudi Arabia , Mohafazat Baalbek Hermel , New York , Ad Daw Ah , Nei Mongol , Libya General , Michel Chamoun , Yussuf El Khalil , Kassem Kassir , Najib Mikati , Karim Merhej , Justice Marie Claude Nijm , Ahmad Al Assir , Sunni Muslim , Laffaire Kassem Kassir , Henrik Andersen , Christoph Abi Nassif , Anchal Vohra , Alain Bifani ,

Lebanon's Political Economy: From Predatory to Self-Devouring - Carnegie Middle East Center - Carnegie Endowment for International Peace


Summary
Over the past three decades, Lebanon’s ruling class which comprises intertwined political and business elites has run the country into the ground. To survive its ongoing accumulation of challenges, including the financial crisis that erupted in October 2019, Lebanon requires a revamped state backed by a new economic model with social justice at its core. Tax reform is central to such an endeavor and to ensuring that the state has the means both to deliver basic services and to tackle poverty and inequality.
Key Themes
Since 2005, Lebanon has been characterized by extreme inequality in both income and wealth. The richest 1 percent of the population receives, on average, 25 percent of national income, while the poorest half receives less than 10 percent. Regarding wealth, the richest 10 percent of the population owns almost 70 percent of total wealth. Additionally, the middle class and the poor have little chance of upward mobility. ....

Ad Daw Ah , United States , France General , United Kingdom , South Africa , World Bank , District Of Columbia , Ministry Of Finance , Al Qahirah , Juliana Londo , Izak Atiyas , Roberta Gatti , Timour Azhari , Diegof Angel Urdinola , Le Figaro , Charbel Nahas , Fawwaz Trabulsi , Emmanuel Saez , Rana Jawad , Librairie Antoine , Sunniva Rose , Wojciech Kopczuk , Adeel Malik , Karim Daher , Shaddin Almasri , Rabie Barakat ,