Evaluating Lebanon's Economic Policy Response to the Syrian Refugee Crisis

Abstract

This chapter critically evaluates the policy measures enacted by Lebanon in response to the economic turmoil following the Syrian refugee influx. The analysis encompasses a spectrum of policy areas, including but not limited to monetary policy, fiscal adjustments, and labour market regulation. It scrutinizes the efficacy of these policies, highlighting both their strengths and potential weaknesses. Moreover, the chapter debates the long-term viability of the Lebanese government's responses, especially in relation to persistent challenges such as employment, price stability, and external trade. Additionally, the chapter provides a discourse on alternative policy strategies, inviting policymakers to consider varied approaches that may prove more effective in counteracting the economic impacts of the crisis. The core argument posits that Lebanon is at a critical juncture where policy decisions hold significant weight in determining the nation's economic destiny.