Lebanon

Paper Summary:

In this paper the author examines the industry and infrastructure of Lebanon. He looks at the changes the country has undergone over the past few decades. The author highlights how Lebanon is both oil rich, and high in demand because of its strategic geographical location within the Middle East. The author tells us that in order to fully take advantage of this country's vast resources, an understanding of its people, its economy, as well as the politics behinds its complex government system must be achieved. The paper proceeds to discuss all of these aspects of Lebanon, in the hope that the reader will have a better understanding of the country. He concludes that there is great business potential in Lebanon which has not yet been tapped. With businesses to buffer its infrastructure, Lebanon will once again emerge as a power within the Middle Eastern area, which is why this country is ideal for foreign investments.

From the Paper:

"The actual figures for the growth of this country are significant. The annual GDP currently stands at 18.8 billion dollars. Although this is not large in relation to other countries in the region, proportionally it is much better than the state of financial affairs a decade before. The real growth rate is around 4% and increasing every year as the infrastructure of Lebanon improves. As of the 2000 census, most of the nation's GDP comes from the services sector of the economy which makes up 67% of the total GDP. The rest is split between agriculture which controls 12%, and industry, which takes the rest of the 21%. The labor force which consists of 2.6 million has within its population almost a million people that are foreign workers. These workers are split between the industrial and agricultural employment within Lebanon. The unemployment rate is still abnormally high at 18%, but with the recent privatization of many industries this figure is forecasted to drop. The real danger is that the current poverty rate within Lebanon is an astounding 28%. Which means that 28% of the population is below the poverty line in the country. Without a tangible welfare system to aid the poor, a full quarter of the country is in a state of starvation and extreme poverty."

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