Consequently Lebanon faces new challenges that must be addressed in the context of the war decades and the post-war revival period that rendered Lebanon, once again, among the group of advanced middle income countries. Furthermore, these global and regional developments have altered the rules of international comparative advantage. Production, trade, and finance have become far more dependent on human talent, initiative, quality, and innovation rather than on natural resources, geographic location or mass production. As a result, many countries across the globe have experienced rapid economic growth despite the paucity of their natural resources. The economic fate of nations is no longer determined exclusively by the availability of natural resources.
Countries can now play a far more active role in creating their own comparative advantage.
Hence, small, resource-poor countries, like Lebanon, now have broad opportunities to grow and develop. It is therefore imperative to convert these new challenges into national and economic opportunities. The main challenge facing Lebanon today is the revitalization of its economy so as to enhance its competitiveness, create job opportunities, and improve the standard of living of the Lebanese through balanced development. Achieving these goals depends on the following factors. Support for individual initiatives.