Data Visualization

In this article, I’ll be discussing the Lebanese economic crisis, it’s challenges and solutions.   – Fun fact: the 0’s and 1’s (above) are, ‘Lebanon’ in binary. 

Most news today about Lebanon, is unfortunately, bad news.  

There’s an electric and currency crisis, a brain drain and so much more. 

And in these dark times, Lebanon is losing its lights, its educated people, to the other place.  
But outside sensational news, and using data, can we verify these challenges and offer a solution?

Well, after Investigating Lebanon’s inflation and GDP, we clearly see sky-rocketing inflation and a tumbling GDP.  

But what is the solution? 

Now, for a country to trade, it needs to find a niche – that is that one or two things it can do better than it’s competition and trade with those things. 

The bottom chart (in the above visualization) represents the population and export sizes of Lebanon, Saudi Arabia and UAE – Lebanon, the one in red, is greatly surpassed in both metrics.
 

However, if we look on the chart on-top, in 2017,  we see a golden opportunity, in the form of a golden bar: This is Lebanon’s Human Capital Index; which at a fraction of the budget, performs relatively close  to the two economic powerhouses of the region. 

This is where Lebanon can do trade! This is Lebanon’s niche!
You are Lebanon’s niche! 

And here are the solution details summarized:  

‘While in Lebanon, the Lebanese youth should work  to obtain then commercialize patents in the digital service space.’- This is the Solution!  

This will diminish inflation, brain drain, unemployment, and offset copycat strategies! 

For the detailed version of the solution, please examine the visual above. 

And, to validate that Lebanese ideas are commercially lucrative:  

According to the IMF, Lebanon ranks second in terms of Venture capital investment as a % to GDP. The United States ranks 1st with 2.84%, Lebanon comes in a close-second with 2.8%  
– so experienced investors see great potential in Lebanese talent! 

And in being part of the solution, I’m in the process of launching MSBA.io! – a site dedicated to the MSBA Alumni, where they can tell their stories, share their portfolios and get discovered; there will even be a collaboration section where they can work on projects to help build up the Lebanese tech scene!

So, this story has not ended; it is only just beginning! 

Thank you! 😊 

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