Author Archives: Thomas Schellen

The jobsforlebanon initiative envisions a new labor paradigm for Lebanon

The jobsforlebanon initiative envisions a new labor paradigm for Lebanon

Reading Time: 7 minutes For those who are addicted to adrenaline rushes from springtime thrill rides, March 2020 may very well be as good as it can ever get. But only as far as the thrills of being exposed to the mother-of-all economic shocks. For the large rest of us, it is a world-engulfing nightmare. For the Lebanese, it

Q&A with the team behind jobsforlebanon

Reading Time: 11 minutes They want to bring jobs to jobs-starved Lebanon. They also want to do something that has been tried many times and rarely been crowned by success: mobilize direct investments into Lebanon from the country’s large global diaspora. Specifically, they want to seed job investments—work opportunities that can be located anywhere in the world, yet be

Lebanon’s economy and industry suffer under coronavirus impact

Reading Time: 9 minutes When seeking to fathom how Lebanon’s pre-existing economic woes correlate to the newly unfolding global coronavirus recession, a first obstacle is posed by the extreme speed with which this recession is  unfolding. In February, and even earlier in March, international agencies, leading economic powers, financial institutions, and noted economists assumed that the virus’s impact might

Q&A with Fady Gemayel on the impact of the coronavirus crisis on Lebanon’s industry

Reading Time: 5 minutes To gauge the extent to which Lebanese manufacturing industry, an often overlooked but crucial driver of the economy, is being impacted by the current global coronavirus pandemic in conjunction with the previous difficulties in Lebanon, Executive conducted a phone interview with Fady Gemayel, president of the Association of Lebanese Industrialists. How is Lebanese industry coping

How corona could fulfill a long-held economic worry

Reading Time: 13 minutes At the time of writing (March 12) the number of known coronavirus infections had exceeded 126,000 and that the death toll was above 4,600 persons. Governments around the world have dedicated increasing medical, social, humanitarian, and financial resources toward bringing the threatening virus under control. At the same time, worries over the economic impact of

How corona could fulfill a long-held economic worry

Reading Time: 13 minutes At the time of writing (March 12) the number of known coronavirus infections had exceeded 126,000 and that the death toll was above 4,600 persons. Governments around the world have dedicated increasing medical, social, humanitarian, and financial resources toward bringing the threatening virus under control. At the same time, worries over the economic impact of

Analytical approaches to economic rescue plans for Lebanon

Reading Time: 7 minutes Lebanon’s political economy today is in a situation where risks are existential and inaction opens the gates to disaster, but potential payoffs are highly skewed to the upside—if successful. This suggests that the newly eager-for-action behaviors in the political class—which appear in many ways counter intuitive to previous decision-making patterns here—convey at least a modicum

Experts tackle Lebanon’s dilemmas with a plethora of rescue plans

Reading Time: 13 minutes IN BRIEF The implications of Lebanon’s current fiscal crisis are grave, but not fated to be devastating.  Economic rescue plans circulating remain in the pro-private and neo-liberal economic modes of thought. As a result, there is a reassuring amount of overlap but little efforts to explore solutions outside these paradigms.  At the beginning of 2020,

Transition scenarios and their bleak alternatives

Reading Time: 10 minutes For the roundtable on financial reality, monetary needs, and trade and energy issues, the discussion brief invited debate on the role and responsibility of the central bank, the banking sector, the insurance sector, and capital markets in Lebanon, coupled with exploring the country’s circumstances with regard to trade and remittances, its interdependency on international financial

The search for a fairer, more redistributive tax system

Reading Time: 6 minutes The roundtable covered in this piece was dedicated to economic angles of fiscal reform and taxation. Thus, in the context of Executive’s mission and coverage focuses, both it and the accompanying sixth roundtable on financial reality were a hardcore expression of this magazine’s existential paradigm to cover the Lebanese economy to the best of its

Top