Economics & Policy articles

Currency conundrum

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

Advocating true wisdom

Reading Time: 5 minutes In Executive’s view of things that happened locally in January 2019, three incidents testified to the presence—and the perils of—irrational expectations. Such expectations actually work in two directions, with different attendant risks: The first direction is that of excessive enthusiasm, very well-known to the economically literate from the last global exposure to “irrational exuberance,” in

Arab summit shows a Lebanon at the mercy of disinterested regional powers

Reading Time: 4 minutes The Arab League Economic and Social Development summit hosted in Beirut in late January produced at least one solid takeaway: the reiterated recognition that Lebanon does not hold the keys to its own future and so must ride the bench during this economically and politically pivotal time for the region. With a government finally formed

An accumulation of economic woes

Reading Time: 7 minutes Executive met with then-caretaker Minister of Economy Raed Khoury to discuss McKinsey & Company’s economic vision (commissioned by the government in late 2017 and published in early January), the ministry’s progress in regulating private generation of electricity, and the political and economic situation of Lebanon ahead of mid-January’s Arab League Economic and Social Development summit,

Lebanon’s parliamentary productivity

Reading Time: 3 minutes At first glance, the legislative output of the Lebanese Parliament impresses with its extreme volatility. To full understand the matter of legislative productivity requires a contextual view that takes political environment into account. The election of Michel Aoun as president in October 2016 ended almost two and a half years of vacancy in the post,

Ziad Hayek discusses new PPP projects

Reading Time: 7 minutes At the end of October, Executive interviewed Ziad Hayek, secretary general of the High Council of Privatization and PPP (HCP), to learn of proposed public-private partnerships. The HCP had organized stakeholder meetings to discuss public-private partnership (PPP) proposed projects. This interview primarily discussed two PPP projects that are now in the pre-planning phase—the expansion of

Lebanon’s financial woes are home spun

Reading Time: 3 minutes 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

Reading Time: 3 minutes 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

Reading Time: 7 minutes 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

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