Opinion articles

Going virtual to survive Lebanon’s financial crisis

Going virtual to survive Lebanon’s financial crisis

Reading Time: 3 minutes IN BRIEF The virtual working model benefits employers and employees. It has the potential to foster decentralized economic growth. It can be a shield for businesses in times of crisis. The political crisis in Lebanon has compounded an economic crisis that has been looming in the shadows for decades. News of business closures, salary reductions,

How Lebanese entrepreneurs can survive the liquidity crisis

Reading Time: 5 minutes IN BRIEF The liquidity crisis requires immediate attention and will likely result in an IMF program, with consequences for poorer Lebanese. In the short term, an IMF-backed loan program would need to create a specialized fund to promote the local private sector and entrepreneurship. In the long term, the government needs to foster relationships between

The resilient brain

Reading Time: 4 minutes IN BRIEF Resilience can be learned and developed. The brain adopts different strategies to cope with stress. There are ways to improve individual resilience during political violence. Resilience, or the capacity to recover quickly from difficult situations is not a trait that is unique only to some. In fact, resilience—defined by Professor of Developmental Psychopathology

An investigation into the revenues from Lebanon’s seismic data

Reading Time: 3 minutes One of the major obstacles that post-war Lebanon has faced is the absence of adequate transparency tools that, if there, would have lead to greater public accountability. Access to information has been limited, and mandatory disclosure mechanisms are verging on nonexistent. Such limitations have encouraged many forms of corruption. Despite the fact that the past

The US approach to Hezbollah and the new Lebanese government

Reading Time: 3 minutes The United States’ approach to Lebanon seeks to reconcile two often conflicting policies: supporting the Lebanese state, army, and government, while pursuing a maximum pressure campaign on Hezbollah. During the past months, the “Iran lens” defining US policy has overshadowed the commitment to supporting stability and building state institutions in Lebanon. This was clear in

Reflections on the Lebanese revolution

Reading Time: 3 minutes When crowds began to gather in Downtown Beirut on that fateful evening on October 17, 2019, few could have predicted that, a 100 plus days later, Lebanon would be still in the furrows of a revolt with almost daily protests across the nation, several clashes between protesters and party shabiha, and with riot police—and road

Lebanon’s new government must focus on priorities

Reading Time: 3 minutes Lebanon has a new Council of Ministers. This is, from one perspective, a clear and present improvement. Having a government as a sovereign state is an absolute and total prerequisite to function as a country in the global concert of nations. In this sense, the serial failures of Lebanon to swiftly move and empower new

Look to the people

Reading Time: 2 minutes If anything is bankrupt in this country, it is the establishment. Their incompetence is so vulgar and obvious that there is nothing they could do to convince us otherwise. The verdict is out, they know it, everyone knows it—locally, regionally, and internationally. We are all watching them clinging to the power they still think they

Lebanon needs concrete steps to tackle corruption to restore confidence

Reading Time: 3 minutes Trust in politicians and governments is usually a result of a successful performance, but it is also—perhaps more significantly—an ingredient for success. Without it, citizens and businesses are less likely to respond to public policies, especially those that are seeking to promote economic recovery and stability. Trust is necessary to increase the confidence of investors