This book is about the laissez-faire strategy for economic development, a strategy inspired by neoclassical/mainstream economics, advocated by the “Washington Consensus”, and implemented by the Bretton Woods institutions. Mainstream economics has taken legitimacy from the historical failure of command economies. But this view has not been balanced by an examination of the performance of laissez-faire economies, the closest to the pure market model. Lebanon provides a unique test case in this regard. The book assesses Lebanon’s development during 1948-2002, including its industrial and financial performance. The dynamics of the laissez-faire system is separately studied from a Post-Keynesian perspective, highlighting institutional behavior. It is found that laissez-faire is not a sufficient condition for economic development, and can even be counterproductive.

This study presents a comprehensive analysis of political developments in the aftermath of the Lebanese civil war. The author argues that despite the complexity of Lebanese society and a host of unresolved issues that triggered the civil war, Lebanese political discourse and political activity during the period under discussion (1990-2000) was dominated by a single issue: economic reconstruction. The author establishes the main reasons behind this and proceeds to render a penetrating analysis of the Lebanese political setting as it impinges on the reconstruction process.

This is the updated edition of the first comprehensive history of Lebanon in the modern period. Written by a leading Lebanese scholar, and based on previously inaccessible archives, it is a fascinating and beautifully-written account of one of the world's most fabled countries. Starting with the formation of Ottoman Lebanon in the 16th century, Traboulsi covers the growth of Beirut as a capital for trade and culture through the 19th century. The main part of the book concentrates on Lebanon's development in the 20th century and the conflicts that led up to the major wars in the 1970s and 1980s. This edition contains a new chapter and updates throughout the text. This is a rich history of Lebanon that brings to life its politics, its people, and the crucial role that it has always played in world affairs.

Since 1945, over 200 intrastate conflicts have taken place in countries that achieved independence from colonial rule after the second world war. The case of Lebanon offers a striking illustration of these interlocking influences on projects of national economic development. The persistently sectarian nature of the country's political institutions, the relatively poor quality of governance, and the major civil war that engulfed the country from 1975 to 1990, together define not only the context in which the achievements and failures of Lebanese development must be assessed, but also the continuing challenges that it must face in the era of globalization. This book offers an in-depth analysis of Lebanese economic development during the second half of the twentieth century with special emphasis on the civil war and its aftermath. Makdisi offers a definitive assessment of the principal phases of national development since Lebanese independence in the 1940s, and a study of those conditions requisite for sustainable development for Lebanon, as for many other developing countries.

"The book The Government and Politics of Lebanon: 2nd Edition describes the special attributes of Lebanese politics and the functions of its confessional state. It aims to contribute to the reader's understanding of contemporary Lebanese politics, consensus building, and government. It stimulates discussion concerning the nature of consociationalism as a power sharing arrangement for a divided society. The book captures the complexity of Lebanese politics by revealing the challenges embedded in the management of plurality, including institutional paralysis and system stagnations. The 2nd edition features new and expanded chapters that pay particular attention to state's adaptations to post-Arab Spring politics. It expands the analysis on the performance of the Lebanese consociational state in light of turbulent regional environment and the various repercussions associated with regional conflict. It is divided into several parts. The first introduces the particular form and foundations of Lebanese consociationalism and provides an elaborate description of its special features. The second part explains the different rules of the game as institutionalized in the country's international and domestic power sharing arrangements. It describes the international politics of Lebanon and the influence exerted by regional powers in shaping its domestic affairs. It explains the manifestation of domestic parties and electoral systems in the power distribution among the country's different sectarian and ethnic groups. It analyzes the political economy of communitarian politics. The third part focuses on the contemporary powers and functions of the different branches of government as well as their institutional expression of sectarian interests. The fourth part of the book places Lebanese consociationalism in light of contemporary regional turmoil and describes state's responsiveness in mitigating and managing conflicts, particularly those associated with the spillover from the Syrian conflict"--