According to the 2013 Global Competitiveness Report, Lebanon ranked 116th out of 144 in terms of basic requirements, 125th out of 144 in terms of institutions, 135th and 32nd (out of 144) in terms of macroeconomic environment and health/primary education respectively.
The most problematic factors for doing business in Lebanon are:
– Inadequate supply of infrastructure
– Inefficient government bureaucracy
– Government instability/coups
– Corruption
– Policy instability
– Access to financing
– Inflation
– Insufficient capacity to innovate
– Poor work ethic in national labor force
– Inadequately educated workforce
– Restrictive labor regulations
– Poor public health
– Tax regulations
– Tax rates
– Crime and theft
– Foreign currency regulations
You can check out the full report [Here].
Well here you have it. Heaven on Earth called Lebanon. I guess that’s why when people wake up from their self induced haze; they pack their bags and leave. Better having psychedelic dreams and nostalgia then face life as is.
Happy Pesach