An uninspiring economic vision

ENAR

In January, Lebanon published slides outlining McKinsey’s economic vision—the outcome of a report commissioned by the Ministry of Economy and Trade in late 2017 following government discussions. The 1,274-slide document was developed over the first half of 2018, and outlines an economic vision produced by the consulting firm and owned by the government.    If we consider the country to be a company, we can say that this economic plan has buy-in from three top-level board members—but we do not have clarity on the views of intermediate or upper management, and for that a new cabinet must be formed. There is thus no buy-in at the level of administration or state management. This report would make sense were McKinsey talking to the tiny senior executive management layer of a family-owned corporation, or at best a family-owned rentier state cut from the same cloth as that of certain undemocratic states in