The Lessons of Lebanon: The Economics of War (Library of Modern Middle East Studies)

Since 1945, over 200 intrastate conflicts have taken place in countries that achieved independence from colonial rule after the second world war. The case of Lebanon offers a striking illustration of these interlocking influences on projects of national economic development. The persistently sectarian nature of the country's political institutions, the relatively poor quality of governance, and the major civil war that engulfed the country from 1975 to 1990, together define not only the context in which the achievements and failures of Lebanese development must be assessed, but also the continuing challenges that it must face in the era of globalization. This book offers an in-depth analysis of Lebanese economic development during the second half of the twentieth century with special emphasis on the civil war and its aftermath. Makdisi offers a definitive assessment of the principal phases of national development since Lebanese independence in the 1940s, and a study of those conditions requisite for sustainable development for Lebanon, as for many other developing countries

Samir Makdisi is Professor of Economics, Chair of the Economics Department and Director of the Institute of Financial Economics at the American University of Beirut (AUB). He has served as Lebanon’s Minister of National Economy in, as Deputy President of AUB and is presently a member of the Governing Board of the Global Development Network (Washington DC