Share your proposals to fix the Lebanese economy...

𓍝𓂀𓄃𓇼

𓍝𓂀𓄃𓇼

Active Member
Orange Room Supporter
الصراف و ما أدراك ما الصراف
مشعوذ مذموم الصلة و الأعراف
و شيطان على سيلة دولار صاف
و غير خنسة أنفه و دولاره ما شاف
في يوم العوز يصبح العليم العراف
و بالظل يتلذذ من قصب الخراف
و في يوم البركة يحصص القطاف
و بالعلن هذا لك و هذا لي مضاف
و لا يشبع و لا من ربه يخاف
يسرق عن جسم الرضيع اللحاف
و من العجوز آخر شهقة انكاتف
و من الطفلة حلم السترة و الزفاف
و من الشب أي طموح حمل أهداف
و من الوطن يسرق العلم و الغلاف
و تراب الجبال مع ثلجه النفناف
و الماء و السهل و الزرع و العفاف
و يقول لك الحال علينا و عليكم
و الفقر ذاته يأكلنا من الأكتاف.
 
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  • I

    illusion84

    Member
    الصراف و ما أدراك ما الصراف
    مشعوذ مذموم الصلة و الأعراف
    و شيطان على سيلة دولار صاف
    و غير خنسة أنفه و دولاره ما شاف
    في يوم العوز يصبح العليم العراف
    و بالظل يتلذذ من قصب الخراف
    و في يوم البركة يحصص القطاف
    و بالعلن هذا لك و هذا لي مضاف
    و لا يشبع و لا من ربه يخاف
    يسرق عن جسم الرضيع اللحاف
    و من العجوز آخر شهقة انكاتف
    و من الطفلة حلم السترة و الزفاف
    و من الشب أي طموح حمل أهداف
    و من الوطن يسرق العلم و الغلاف
    و تراب الجبال مع ثلجه النفناف
    و الماء و السهل و الزرع و العفاف
    و يقول لك الحال علينا و عليكم
    و الفقر ذاته يأكلنا من الأكتاف.
    We need another one about the banks ; they are more vicious than the Sarraf.
     
    𓍝𓂀𓄃𓇼

    𓍝𓂀𓄃𓇼

    Active Member
    Orange Room Supporter
    We need another one about the banks ; they are more vicious than the Sarraf.
    مصرفنا مرحاض ما هو مصرف
    يخرخر و من خزان شعبنا يصرف
    يقول لا لا مال وديعتك لا أصرف
    مالك عندي لكن مكانه لا أعرف
    ضع رزقك كله و كما الخروف في المعلف
    تأكل مني و غير هذا لا تعرف
    و حين اعطل إبقى في دورك لا تقدف
    كما غريق في المجرور ولا يجدف
    فإن هبات الدول تحل الأمور
    و مزراب الدين في لبنان لا ينشف
     
    L

    Lemon

    Well-Known Member
    Debt restructuring or defaulting is a must. Lebanon's debt is impossible to ever pay back and it's blocking proper financial development. Sure it will make it near impossible to get more debt, and will temporarily cause a lot of cutbacks, but the country will grow stronger as a result when it gets over the hump.

    Agree with previous comments about agriculture. Use Palestinian and Syrian refugees as cheap labor to boost the productivity.

    Industry and technology is a must. But it needs two things: 1) infrastructure and 2) smart people. The former is obvious, fix the electricity and telecommunications access. The latter takes time and investments in education. First you send your people to work abroad (in Europe, most likely). Then the foreign companies will set up offshoring offices in Lebanon. And finally you have the know-how to start up your own companies. It's a long ladder but worth striving for.

    In the long term, offshore gas and oil should give Lebanon stable economic prospects. There's no reason Lebanon can't be like Israel, if you can come to a political agreement that you want it.
     
    I

    illusion84

    Member
    Salmon is very good for the heart; pay few extra bucks to eat salmon now will save you thousands in the future as it is better to have a healthy food habits that includes expensive salmon over heart surgeries and heart pills.
    One alternative could be Ijaj (Dorade) but even those are imported and personally I won't eat local Ijaj as the lebanese water are heavily polluted. Maybe fish farms in clean water (Near Batroun? Sour?) should be established, Israel made a success with those.

    The other day I heard Dan Azzi talking about a customer of his that consulted him on exporting extra virgin lebanese olive oil, I had a similar idea a year ago; maybe including block chain tech to ensure the quality of the olive oil and as anti fraud means, these projects require lot of investments but could have the potential to bring lot of money.

    Usually it is the banks that finance such projects; but not in Lebanon! Maybe we should have a type of investment firms or funds; were small depositors put small amount of money and collectively they can finance such projects ?
    I posted this in the Diab gov thread; but it fits more here...
     
    Steven Gerrard

    Steven Gerrard

    Member
    As a citizen
    - start buying more local products. Instead of buying betty crocker cake mix buy domo. instead of buying a lot of french wine, buy Lebanese ones.

    As a government:
    - any reform that would encourage local production of goods and services, Why should Lebanese open warehouses and plants in Dubai in Jebel Ali freezone when they should do it in Lebanon?
     
    Steven Gerrard

    Steven Gerrard

    Member
    I posted this in the Diab gov thread; but it fits more here...
    We make olive oil every year, really good ones but the agricultural sector in Lebanon is really corrupt and we are discouraged to do any business, so instead min wazze3on to our relatives or close friends. It would be a really nice idea to encourage and develop our agricultural sector because our climate is great for farming.
     
    J

    Jeremy Samuel

    New Member
    Debt restructuring or defaulting is a must. Lebanon's debt is impossible to ever pay back and it's blocking proper financial development. Sure it will make it near impossible to get more debt, and will temporarily cause a lot of cutbacks, but the country will grow stronger as a result when it gets over the hump.

    Agree with previous comments about agriculture. Use Palestinian and Syrian refugees as cheap labor to boost the productivity.

    Industry and technology is a must. But it needs two things: 1) infrastructure and 2) smart people. The former is obvious, fix the electricity and telecommunications access. The latter takes time and investments in education. First you send your people to work abroad (in Europe, most likely). Then the foreign companies will set up offshoring offices in Lebanon. And finally you have the know-how to start up your own companies. It's a long ladder but worth striving for.

    In the long term, offshore gas and oil should give Lebanon stable economic prospects. There's no reason Lebanon can't be like Israel, if you can come to a political agreement that you want it.
    Why would Lebanon restrict Syrian and Palestinian refugees only as cheap labor?

    If people enter an economy and succeed, by definition, they are contributing to that economy. If a Palestinian becomes a doctor, architect, nurse, insurance salesman etc he is helping society by helping his customers. If a Syrian becomes an entrepreneur, he is helping everyone in Lebanon too, especially if his business is export-oriented.

    Granted, freeing Palestinians and Syrians to enter the economy this would mean greater competition for Lebanese, but I think part of Lebanon's problem is that it sees its economy as zero-sum, so that if a Palestinian becomes middle-class or affluent, he or she is seen as taking something away from Lebanese.

    I think Palestinians especially should be granted working rights for their own welfare, but it would benefit Lebanon by making the country more stable and then by growing the economy.
     
    L

    Lemon

    Well-Known Member
    Why would Lebanon restrict Syrian and Palestinian refugees only as cheap labor?

    If people enter an economy and succeed, by definition, they are contributing to that economy. If a Palestinian becomes a doctor, architect, nurse, insurance salesman etc he is helping society by helping his customers. If a Syrian becomes an entrepreneur, he is helping everyone in Lebanon too, especially if his business is export-oriented.

    Granted, freeing Palestinians and Syrians to enter the economy this would mean greater competition for Lebanese, but I think part of Lebanon's problem is that it sees its economy as zero-sum, so that if a Palestinian becomes middle-class or affluent, he or she is seen as taking something away from Lebanese.

    I think Palestinians especially should be granted working rights for their own welfare, but it would benefit Lebanon by making the country more stable and then by growing the economy.
    I agree with you. But compared to being kept in camps, putting the refugees to work in any capacity is an advantage. Lebanon doesn't have many things in its favor, but cheap labor from people already in the country could be one. Besides many other countries do it too, the US economy for example (the agricultural sector in particular) depends on cheap migrant workers (both legal and illegal).
     
    Abou Sandal

    Abou Sandal

    Legendary Member
    Orange Room Supporter
    Debt restructuring or defaulting is a must. Lebanon's debt is impossible to ever pay back and it's blocking proper financial development. Sure it will make it near impossible to get more debt, and will temporarily cause a lot of cutbacks, but the country will grow stronger as a result when it gets over the hump....

    Forget the issue of getting new loans. That’s not the major setback to defaulting. There are much bigger stakes.

    Most of the State’s debt is comprised of people’s money and savings. Not just citizens living in the country, but also expats.

    There is no way the economy could move forward without giving people back their money.

    And that’s without forgetting the importance of market confidence and financial guarantees and stability, needed for new investment and capital.
     
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