Start me up

by Livia Murray

A report by the World Bank’s Economic and Social Council in Beirut report revealed in April that Lebanon would need to create 23,000 new jobs per year over the next decade to absorb the growing number of jobseekers. Lebanon’s already fragile economy is now hinging precariously on regional developments and a Syrian civil war next door which has created both an economic and a humanitarian crisis. What role can entrepreneurship play in such difficult times? According to Tarek Sadi, managing director of Endeavor Lebanon, a branch of the international support network for entrepreneurs, it could be a key solution for a teetering economy. “You have 20 leading companies in Lebanon that employ people, that do a lot of good. They provide a livelihood to a large amount of people; thousands of people, maybe hundreds of thousands of people,” he says. “Having another 20-40 companies in the next 10-20 years that

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