What Lebanon can Learn from the Turkish Experience

The end game for developing countries, in this day and age, is the ability to attract and maintain capital investment. The catalyst to this inflow is, broadly speaking, a mix of infrastructure rehabilitation and reform. There are numerous trajectories in the developed world, but in many instances reform is slow, and the corollary of sustainable economic growth suffers. Most developing countries, dragged down by decades, sometimes centuries, of corruption and inefficiencies built into the system, see their economic fortunes stutter. Key to shifting gears into higher growth, higher employment, and better overall development has been countries’ ability and willingness to embark on reforms and business promotion. Turkey’s turn In this respect, Lebanon may have quite a few lessons to learn from Turkey. As Turkey has made headway into strengthening and revitalizing its public sector and improving its efficiency, it has become, within the span of three decades, a regional economic