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Posted on Sep 6, 2012

Lebanon Falls 2 Places in Global Competitiveness Ranking

Lebanon Falls 2 Places in Global Competitiveness Ranking

Source: Wikipedia.org

A couple of months ago, I ran across several articles that preached good news about Beirut being the competitive capital that is slowly becoming a cluster for incubators and startups. A recent google query failed to date me anywhere closer to 2010, with bad news on the doors.

For another year, Lebanon drops 2 ranks in the Global Competitiveness Index 2012-2013, anchoring at 91, down from 89 in 2011-2012 rankings, with no good news for the coming year in light of the political instability. Being above Greece and Argentina is something to boast about, but then all countries like Azerbaijan and Gabon score higher on that list. It shouldn’t be the direct index for a country’s success, but competitiveness plays on the long-term prosperity of the country and the efficiency of its people, and it’s not looking bright for us Lebanese.

It is sad to find that the private and public sectors are still two realms far away from each other like heaven and hell. The private sector is well developed and hindered by foreign investment and infrastructure, factors that are both a responsibility of any government. We’re bound to find out till when the Lebanese will be able to untie the knot that’s suffocating its progression and live to see a brighter future to its future generations. It’ll happen, though. I’m sure of it.

1 Comment

  1. All countries around the world are witnessing development in their economy except Lebanon and the Arab world. The problem is with the Lebanese people. God gave us the greatest spot on earth but the worst people… Hope one day the Lebanese will wake up from this deep long nap and work together to establish a developed respectful Lebanon

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Nicolas El Hayek located at Beirut, Lebanon , Beirut, LB . Reviewed by rated: 4.5 / 5