Evolution and prospects of the economy of Lebanon
Michael Dbouk
Evolution and prospects of the economy of Lebanon.
Rel. Luigi Benfratello. Politecnico di Torino, Corso di laurea magistrale in Ingegneria Gestionale (Engineering And Management), 2020
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Abstract
The state of Lebanon’s economy is growing worse day by day. This issue has garnered international attention after the continued protests, which started in October 2019. The Beirut blast in August once again put Lebanon’s problem on everyone’s radar. However, the economy did not deteriorate overnight. Lebanon’s current situation is a culmination of all the bad policies which the government pursued and the inherent corruption and incompetence; the subsequent government bodies possessed since its independence from France. Another major factor was the involvement of Lebanon in many wars, both external and civil. Lebanon was a playground of regional powers that were involved in proxy wars, which evidently left a lasting scar on the economy.
Add to the fact the structure of Lebanon’s parliament, which is divided based on different religions and sects; the politicians were involved in constant blaming of one another and the development took a backseat
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