Author Archives: Executive Editors

Lebanese investors must stay alert to opportunities

Lebanese investors must stay alert to opportunities

In today’s Lebanon there are two biases. Let us call them the phoenix bias and the shithole bias. The first is the narrative of an indestructible culture, a country and haven of wealth that has never defaulted on its financial obligations and where no depositor of wealth has to fear the disappearance of a single

Transport is transforming and Lebanon must keep up

When compared to political revolutions, it has never been exactly clear what economic revolutions entail nor how long they take. But it is clear that these economic revolutions combine multiple change and adaptation processes, whether one talks of periods of fundamental economic transformation as “revolutions,” beginning with the first agricultural revolution in the fertile crescent

A potentially important step toward a new social contract

As a democracy, Lebanon has a sovereign. This sovereign—which the constitution affirms to be the people of Lebanon—has, for the longest time, appeared remarkably unconcerned over a very specific dereliction of duty by its public officials. The dereliction in question was the government’s serial failure to produce a sane, credible, and timely budget, and the

Freshwater sites need to be protected and promoted

Various stakeholders—from the current and previous ministers of tourism and heads of hospitality-related syndicates to restaurant operators and local retail business owners—have all said that tourism was a main driver of the Lebanese economy. Speaking at a March conference on tourism entitled “Towards Sustainable Tourism,” Prime Minister Hariri said he believed that the total contribution

Economic Roadmap

Building on the first draft of the economic roadmap published in the December 2018/January 2019 issue of Executive, this second draft includes an additional 261 measures and three entirely new national priorities that address judicial reform, labor, and how best to preserve national heritage. As was the intent from the beginning, we took a participatory

An uninspiring economic vision

In January, Lebanon published slides outlining McKinsey’s economic vision—the outcome of a report commissioned by the Ministry of Economy and Trade in late 2017 following government discussions. The 1,274-slide document was developed over the first half of 2018, and outlines an economic vision produced by the consulting firm and owned by the government.    If

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