Author Archives: Talal F. Salman

The deterioration of human capital in Lebanon

The deterioration of human capital in Lebanon

Reading Time: 3 minutes Economic and social prosperity in a country is measured by assessing the standard of living of its people. Those born in a country with high levels of poverty and corruption have a higher risk of living in a state of deprivation and suboptimal prosperity. Those born to wealthier nations with a more equitable distribution of

Currency conundrum

Reading Time: 6 minutes Two major topics are keeping economists, politicians, academicians, journalists, and others busy nowadays. The first topic is the real value of the Lebanese lira and if the nominal rate must be de-pegged or moved to a lesser pegged value in order to relieve us from our current monetary, economic, and financial misery. The other topic

Closing the infrastructure gap in Lebanon

Reading Time: 6 minutes With the world’s population expected to grow by 2 billion—reaching almost 9.5 billion by 2040—one of the major structural changes that would need to keep pace is the development of infrastructure. The world is expected to need close to 100 trillion dollars worth of infrastructure investment by 2040, mainly in developing countries, according to estimates

The petroleum legislative framework for Lebanon

Reading Time: 5 minutes Now that Lebanon has signed the first two exploration and production agreements (EPAs) for offshore oil and gas, companies will prepare the groundwork to start drilling at the beginning of 2019. This achievement is a long time coming. The first oil-related legislation, the Offshore Petroleum Resources Law, was enacted in 2010; the sector’s regulator, the

The momentum against deniers

Reading Time: 5 minutes The historic Paris Agreement The international agreement on reducing greenhouse gas emissions that came into place a year ago in Paris was a fruitful outcome of more than two decades of hard work and negotiations by the international community and aims at limiting the increase in the temperature of the planet to 2 degrees Celsius

Negative interest rates

Reading Time: 6 minutes Over recent years, central bankers of the world have tried several conventional measures to revive economic growth in the aftermath of the Great Recession and re-establish trust in the financial system, but they have not reaped the results they were hoping for. A few of them decided to go beyond conventional measures and venture into