Can Lebanon's economy be saved? A plan for revival
The recent financial and economic meltdown in Lebanon is the result of 30 years of social, economic, financial, and fiscal mismanagement, amplified by the Covid-19 pandemic and further exacerbated by the Beirut port explosion. Lebanese citizens’ trust, as well as the international community's t...
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| Format: | article |
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2021
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| Online Access: | http://hdl.handle.net/10725/17917 https://doi.org/10.1111/mepo.12538 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://onlinelibrary.wiley.com/doi/abs/10.1111/mepo.12538 |
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| _version_ | 1864513476290936832 |
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| author | Dagher, Leila |
| author2 | Nehme, Raoul |
| author2_role | author |
| author_facet | Dagher, Leila Nehme, Raoul |
| author_role | author |
| dc.creator.none.fl_str_mv | Dagher, Leila Nehme, Raoul |
| dc.date.none.fl_str_mv | 2021 2021-09-14 2026-04-14T08:45:21Z 2026-04-14T08:45:21Z |
| dc.identifier.none.fl_str_mv | 1061-1924 http://hdl.handle.net/10725/17917 https://doi.org/10.1111/mepo.12538 Dagher, L., & Nehme, R. (2021). Can Lebanon's economy be saved? A plan for revival. Middle East Policy, 28(1), 123-134. http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://onlinelibrary.wiley.com/doi/abs/10.1111/mepo.12538 |
| dc.language.none.fl_str_mv | en |
| dc.relation.none.fl_str_mv | Middle East Policy |
| dc.rights.*.fl_str_mv | info:eu-repo/semantics/openAccess |
| dc.title.none.fl_str_mv | Can Lebanon's economy be saved? A plan for revival |
| dc.type.none.fl_str_mv | Article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | The recent financial and economic meltdown in Lebanon is the result of 30 years of social, economic, financial, and fiscal mismanagement, amplified by the Covid-19 pandemic and further exacerbated by the Beirut port explosion. Lebanese citizens’ trust, as well as the international community's trust in the government, have unfortunately been destroyed. Consequently, Lebanon's sole option is to rebuild confidence in the government and public institutions by implementing economic reforms and to seek an IMF program to pave the way for additional financing from other international sources. The most important confidence-building step is a clear financial and economic plan that has the support of all key stakeholders. This article presents a road map for a reforms-driven, export-led growth strategy for Lebanon. Ultimately, the goal is to jump-start the economy and put it on a path of sustainable, inclusive, and equitable economic growth. Such growth should be grounded in a small, open-economy model and driven by low tariffs, a flexible exchange rate regime, and a dynamic export sector built on competitive and comparative advantages. This plan partially builds on proposals and recommendations provided by previous economic plans and policy notes. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | LAURepo_79ee6e9570c8dfdfdd56bc4be8e1f34b |
| identifier_str_mv | 1061-1924 Dagher, L., & Nehme, R. (2021). Can Lebanon's economy be saved? A plan for revival. Middle East Policy, 28(1), 123-134. |
| language_invalid_str_mv | en |
| network_acronym_str | LAURepo |
| network_name_str | Lebanese American University repository |
| oai_identifier_str | oai:laur.lau.edu.lb:10725/17917 |
| publishDate | 2021 |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| spelling | Can Lebanon's economy be saved? A plan for revivalDagher, LeilaNehme, RaoulThe recent financial and economic meltdown in Lebanon is the result of 30 years of social, economic, financial, and fiscal mismanagement, amplified by the Covid-19 pandemic and further exacerbated by the Beirut port explosion. Lebanese citizens’ trust, as well as the international community's trust in the government, have unfortunately been destroyed. Consequently, Lebanon's sole option is to rebuild confidence in the government and public institutions by implementing economic reforms and to seek an IMF program to pave the way for additional financing from other international sources. The most important confidence-building step is a clear financial and economic plan that has the support of all key stakeholders. This article presents a road map for a reforms-driven, export-led growth strategy for Lebanon. Ultimately, the goal is to jump-start the economy and put it on a path of sustainable, inclusive, and equitable economic growth. Such growth should be grounded in a small, open-economy model and driven by low tariffs, a flexible exchange rate regime, and a dynamic export sector built on competitive and comparative advantages. This plan partially builds on proposals and recommendations provided by previous economic plans and policy notes.Published2026-04-14T08:45:21Z2026-04-14T08:45:21Z20212021-09-14Articleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/article1061-1924http://hdl.handle.net/10725/17917https://doi.org/10.1111/mepo.12538Dagher, L., & Nehme, R. (2021). Can Lebanon's economy be saved? A plan for revival. Middle East Policy, 28(1), 123-134.http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.phphttps://onlinelibrary.wiley.com/doi/abs/10.1111/mepo.12538enMiddle East Policyinfo:eu-repo/semantics/openAccessoai:laur.lau.edu.lb:10725/179172026-04-14T08:45:21Z |
| spellingShingle | Can Lebanon's economy be saved? A plan for revival Dagher, Leila |
| status_str | publishedVersion |
| title | Can Lebanon's economy be saved? A plan for revival |
| title_full | Can Lebanon's economy be saved? A plan for revival |
| title_fullStr | Can Lebanon's economy be saved? A plan for revival |
| title_full_unstemmed | Can Lebanon's economy be saved? A plan for revival |
| title_short | Can Lebanon's economy be saved? A plan for revival |
| title_sort | Can Lebanon's economy be saved? A plan for revival |
| url | http://hdl.handle.net/10725/17917 https://doi.org/10.1111/mepo.12538 http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php https://onlinelibrary.wiley.com/doi/abs/10.1111/mepo.12538 |