EconomyJan 19, 2023
Lebanon’s Economic Crisis by Sector: The Knowledge Economy Loses Its Balance
- Lina S. Maddah, Bassel Akar
This policy brief examines the current state of the knowledge economy in Lebanon relative to the economic crisis, highlighting the main challenges and opportunities, with a particular focus on practices within the business environment and education system that hinder innovation, resilience, and sustainable development.
Many of these concerns, given their important role in limiting the potential of the nation’s knowledge economy, would have remained hidden had it not been for the multiple crises that Lebanon has suffered over the past few years. The brief therefore offers a series of recommendations that can once again breathe life into the country’s once critical knowledge economy.Lina S. Maddah is an Economic Researcher at the Lebanese Center for Policy Studies (LCPS). Her areas of work include local economic development, regional economics, economic geography, location decisions, firm dynamics, and cultural and creative industries (CCIs). Lina holds a Ph.D. in Economics from Universitat Rovira i Virgili (URV), Spain, and is currently an Adjunct Professor at the Department of Economics at the Lebanese American University.Bassel Akar Associate Professor of Education at Notre Dame University - Louaize, Lebanon and Research Associate at the Center of African Studies, University of Porto, Portugal.