The West should be careful not to dismiss the Lebanese opposition out of hand...& should welcome proposals...

MANAGEMENT GURU
The West should also recognize that the constituencies of Hezbollah and its allied, largely Christian, Free Patriotic Movement, led by presidential contender Michel Aoun, which will be hit hardest by many of Siniora’s proposed economic and administrative reforms. All this might be seen as a predictable, conservative reaction to urgently needed reforms, if it were not for the poor track record of the Sunni economic establishment, which for many years adapted well enough to Syrian domination. Part of Hariri’s legacy was the award of quasi-monopolistic licences to cronies – for mobile telephones, for example – and the sale of government debt at highly profitable rates to local banks in which had a direct interest. So were the profligate borrow-and-spend policies and the use of public-sector hiring to co-opt political factions, both of which resulted in Lebanon’s massive debt problem.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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