The impact of agricultural sector on boosting the Lebanese economy throughout the economic crisis

Denis Ushakov, Khodor Shatila

Abstract


Every developing country aims to achieve high-income status as a primary objective. To achieve this aim and other vital development objectives like guaranteeing food security and promoting nutrition, agriculture plays a crucial role. Therefore, agricultural transformation must become a reality to eradicate hunger and undernutrition while boosting economic development. Only a few nations have acquired high-income status after starting poor. However, those that accomplished it began with farming and went through an economic transition that boosted growth and eliminate hunger and undernutrition. The research implemented a methodology approach throughout online meetings for any of the interviews. The researcher began the interviews by asking open-ended questions to get to know the interviewees better and to set a casual tone for the conversation. The research sought to use open and probing questions that enable respondents to explain and identify the events or circumstances as they view them. Farmers in Lebanon are fighting to make ends meet as the value of the dollar versus the Lebanese lira continues to climb. This might become worse if Saudi Arabia imposes a ban on agricultural goods. Lebanon's economic crisis has taken a heavy toll on the country's agriculture industry.

Keywords


Inflation; Agricultural Sector; Lebanese; Economy; Exchange rate

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DOI: 10.33687/ijae.10.03.4021

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