Economics & Policy articles

Lebanon’s financial woes are home spun

Lebanon’s financial woes are home spun

Much like Ebenezer Scrooge’s selfish deeds, Lebanon’s past monetary and fiscal policies have finally come home to roost. As 2018 ends, most Lebanese have but one haunting worry: What kind of economic showdown will 2019 bring? To answer these fears, we first have to look at how we arrived at this wretched economic condition that

Rape subculture in Lebanon

The world over, legal systems are failing victims in cases of sexual violence and rape. In these cases, what should be a simple roadmap to justice takes twisted turns until the victim is blamed and the rapist is cleared. A mixture of lax laws and skewed perceptions of accountability often leave these victims shunned, shamed,

The Syrian refugee crisis in Lebanon

In 2018, the Syrian popular uprising-turned-civil war entered its eighth year, and so did Lebanon’s refugee crisis. This past year was critical for Lebanon. Not only did the country hold its first parliamentary elections since 2009, it also saw decreased funding for refugees, a highly controversial policy by the country’s General Security to return refugees

Lebanon’s electricity crisis

Lebanon’s power sector is a substantial drain on the state’s treasury, responsible for 40 percent of the country’s fiscal deficit, according to the World Bank. Significant reforms are required to cut the fiscal shortfall and address structural and governance issues at the root of the crisis. The country’s power generation capacity is nearly 2,050 megawatts

A vision for Lebanon in 2050

Everyone is aware that we are in a global world, but awareness of globalization’s causes and consequences is not universal. In my humble understanding, globalization shows that the notion of economic independence has become obsolete and that “consuzenship” (a combination of citizenship and consumerism) has replaced the old concept of citizenship. Nowadays, people are driven

Oil and gas in the Eastern Mediterranean

This year saw the translation of international oil companies’ interest in the Eastern Mediterranean—following the discovery of Zohr, in Egypt, in 2015—into concrete projects, and the confirmation of the region’s potential, with a new and promising discovery in Cyprus. Egypt received its final liquified natural gas (LNG) shipment in September and is aspiring to become

Lebanon faces a lot of big IFs in 2019

Since 2011, Lebanon’s economy has been exhibiting recessionary symptoms. Economic growth slowed from 8 percent in 2010 to 0.6 percent in 2017, as measured by the country’s public bean counter, the Central Administration of Statistics. For 2018, the International Monetary Fund (IMF) projected GDP growth at just 1 percent. At the time of this writing,

The case to end sexual orientation change efforts in Lebanon

Homosexuality is part of the natural spectrum of human identity and is not a disease, a disorder, or an illness to be treated or “fixed.” However, there is a plethora of evidence documenting the challenges that lesbian, gay, bisexual, and transgender (LGBT) people experience daily as a result of discrimination, rejection, and stigma. Sexual orientation

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