In Lebanon, October 17 marked the anniversary of the 2019 demonstrations against the government due to its mismanagement of the economy and widespread corruption. After two years, despite the fall of the government led by Prime Minister Hassan Diab, there has been no investigation into the charges of corruption or capital flight that occurred, accelerating the implosion of the local currency and... Continue Reading
Media attention has focused on the loss of life and property in the bombardment of Gaza, the domestic skirmishes between Jewish and Arab Israelis, and Hamas’ rocket attacks on Israel. Yet there are unique implications for Palestinian communities in Lebanon, too. In Lebanon, more than 470,000 Palestinians are registered with the UN Relief and Works Agency (UNRWA). Of this number, around... Continue Reading
Projections, no matter how well-grounded in analytics, are a messy business. Three years ago, COVID-19 was unheard of and then-US President Donald Trump’s politics caused uncertainty in international relations, with democracy in retreat across the world. Despite the best-informed prognostications, predictions failed to capture cross-border variables such as immigration and civil conflict that... Continue Reading
On March 2, the Lebanese lira (or pound) eroded even further into becoming a failed currency, if there is such a thing. From an official exchange rate of 3,900 pounds per US dollar for importers and manufacturers of essential food items, the “cost of scarce dollars hit 10,000 Lebanese pounds on Tuesday, said three currency dealers on the informal market, a main source of cash since banks... Continue Reading
On October 21, groups of Polisario Front’s supporters blocked the highway at Guergarat, in the extreme southwest of the Western Sahara. This is in the buffer zone between territory controlled by Morocco and the land claimed by the Polisario — the Popular Front for the Liberation of Saguia el-Hamra and Río de Oro, the rebel movement fighting for the independence of the former Spanish... Continue Reading
My parents used to say, “Eat with your mouth and not your eyes.” This may be good advice for newly-minted Lebanese Prime Minister Saad Hariri. He is clearly unable to resist trying once again to raise Lebanon from its deathbed, and this time the consequences may be more disastrous than just a bit of heartburn. Yes, I’m sure his supporters see this as the ultimate act of patriotism, and... Continue Reading
US foreign policy has shifted dramatically from just a brief 20 years ago. This is not the making of Donald Trump, Xi Jinping or Vladimir Putin. Rather, they are symptoms of forces that have been building since the post-Soviet era. With the ascendency of the US as the global superpower and the “Washington Consensus” as the pillar of economic development, it was easy to assume that Pax... Continue Reading
Many countries are facing declining growth rates due to the coronavirus pandemic, and Morocco is no exception. Given lockdowns and flight restrictions implemented worldwide from March, the tourism and hospitality sectors — usually the third-largest component of GDP — have suffered enormous losses and almost collapsed during the first 90 days of the global response to COVID-19, the disease... Continue Reading
The Syrian refugee crisis in Lebanon is just the latest in a sequence of disenfranchisements that have plagued the Middle East for generations. In 1948, just years after Lebanon was founded, the Palestinians were pushed out of their homeland by the Israelis and the Lebanese granted them refuge. Over the years, this was followed by others fleeing persecution and political turmoil. Refugees... Continue Reading
The phrase “the new normal” has been around, according to CBS News, since the end of World War I. Its use has escalated since the 2008-09 financial crisis and implies that life will never go back to the way it was, although one hardly notices any changes in the way financial markets do business, let alone the larger economy and society. Central Europe Tiptoes Into the New World After... Continue Reading
