1. Lebanon’s Political Economy: From Predatory to Self-Devouring
- Author:
- Lydia Assouad
- Publication Date:
- 01-2021
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- To survive its ongoing financial crisis, Lebanon needs a new economic system that addresses massive income inequality. Paired with political and institutional reform, tax reform can help. Over the past three decades, Lebanon’s ruling class—which comprises intertwined political and business elites—has run the country into the ground. To survive its ongoing accumulation of challenges, including the financial crisis that erupted in October 2019, Lebanon requires a revamped state backed by a new economic model with social justice at its core. Tax reform is central to such an endeavor—and to ensuring that the state has the means both to deliver basic services and to tackle poverty and inequality.
- Topic:
- Poverty, Inequality, Economic structure, Business, Social Justice, Tax Systems, and Elites
- Political Geography:
- Middle East and Lebanon