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Can liberal policies still save the Lebanese economy?

25-7-2017

In spite of some recent declarations on a the need for new economic orientations, the classical liberal approach to economic issues remain dominant in the mainstream political discourses. In this regard, the minister of communications, Jamal Jarrah, disclosed that the Saad Hariri-led government has pledged to develop the national economy and that preparations are underway to create an investment-friendly environment in the country. Jarrah was speaking during the opening of Endeavorize Lebanon entrepreneurship forum in Beirut organized by leading high impact global entrepreneurship movement, ‘Endeavor’. Jarrah stressed that his ministry is seeking to improve and boost the services of the infrastructure, pointing that economic growth is not possible outside a substantial network of communications and internet. He emphasized the vitality of partnership between the private and public sectors, hoping it will be adopted in the near future to help the private sector increase its opportunities of growth. For his part, the president of the Gathering of Lebanese Businessmen and Businesswomen (RDCL World), Fouad Zamakhal, addressed yesterday a group of 200-300 young Lebanese expatriates from the World Lebanese Cultural Union (WLCU) during a visit to the Parliament organized by RDCL. “I cannot promise that we can quickly underpin the Lebanon we dream of, but I can assure and promise you that the Lebanese private sector worldwide will continue with its efforts to preserve our national economy projected to prosper and flourish around the world, thanks to your support,” Zamakhal said. He emphasized the need to use what he termed as the “productive and competent migration” in order to invest in the homeland. (Al Mustaqbal, Al Diyar, July 25, 2017)

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