Lebanese Diaspora - Economic Impacts

Economic Impacts

According to an investigation, Lebanese abroad are considered "rich, educated and influential. Over the course of time, emigration has yielded Lebanese "commercial networks" throughout the world. As a result, remittances from Lebanese abroad to family members within the country total $8.4 billion and account for one fifth of the country's economy. Nassib Ghobril, the head of research and analysis for Byblos Bank, calculates that Lebanese abroad supply Lebanon with about $1,400 per capita every year.

Read more about this topic:  Lebanese Diaspora

Famous quotes containing the words economic and/or impacts:

    One set of messages of the society we live in is: Consume. Grow. Do what you want. Amuse yourselves. The very working of this economic system, which has bestowed these unprecedented liberties, most cherished in the form of physical mobility and material prosperity, depends on encouraging people to defy limits.
    Susan Sontag (b. 1933)

    We are no longer in a state of growth; we are in a state of excess. We are living in a society of excrescence.... The boil is growing out of control, recklessly at cross purposes with itself, its impacts multiplying as the causes disintegrate.
    Jean Baudrillard (b. 1929)