Thursday, October 25, 2012

An Interpretation for Macroeconomic of Lebanon

The Arab-Israeli war in 1948 held unpleasant experiences for Lebanon. It brought within the beginning of a mass movement of Palestinians from Palestine to Lebanon. By 1975, the variety of Palestinians in Lebanon had increased to 350,000, of which one-third remained during the country's refugee camps (Hirst, 1977).

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Within Lebanon, the addition with the displaced Palestinians to the endemic factionalism of Lebanese politics made a volatile environment. The case led to a civil war. By the mid-1980s, the physical infrastructure was practically destroyed, there had occurred a disastrous American intervention, and Lebanon had become, effectively, a non-country, in which the political program had collapsed.

The Taif accord was negotiated under the auspices of the Arab League in October 1989. The purpose in the Accord was to map the political future of Lebanon and supposedly put an end to that country's factionalism (Muslih, 1994). Subsequent towards implementation from the Accord, Syria became a dominant player in Lebanese politics and from the Lebanese economy. Whatever else Syria may perhaps have done, stability was restored to Lebanon by 1992.

 

 

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