Page 26 - Issue 34

ELITE Vol.1, issue 34, August 2021
Vol.1, issue 34, August 2021

Lebanon ..

The journey of falling into the abyss

Ahmed Nour, Third year, Political science
Lebanon, a country that was considered a o the present time, and this war was the

very important tourist destination in the reason for the great transformation in the
last century and which enjoyed a largely situation and conditions of Lebanon to
stable economy and has a coherent the present time, before this fateful war

banking system and encouraged that turned lebanon's situation upside
investment and attracting Arab capital to down. Lebanon had a stable economy

it, which at that time was similar to the and a banking system that was secretly
banking system in a country like added to it by the Banking Secrecy Act,
Switzerland, and Lebanon at that time which attracted arab investors and

called Switzerland Middle East, that wealthy people in 1956, and was clearly
country became suffering from a severe influenced by the Swiss banking system,

economic crisis at this time and suffering and throughout this period until 1974
from severe collapse at all levels, there was no deficit in the general

especially economic and social. with a budget of the State of Lebanon, so that
high level of poverty nationwide.
Contrary to what most followers of the tourism activity was a cornerstone of the

Lebanese crisis believe is that this crisis Lebanese economy in this period, and
began in October 2019 with increasing this beautiful dream ends and begins the

protests against the government's nightmare that destroyed all the dreams
decisions to tax free communications of the Lebanese in 1975.
The Lebanese civil war began in 1975
such as social media applications, but and lasted for nearly 15 years when it
this crisis has roots extending to the ended in 1990, during which time the
Lebanese civil war in the last century, Lebanese infrastructure was destroyed,

which is the cause of most of the crises
the economy collapsed, the Lebanese
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