Economic Research Forum (ERF)

Ishac Diwan

Editorial board

Ishac Diwan
Director of Research, Finance for Development Lab, Paris School of Economics

Ishac Diwan is the Director of Research, Finance for Development Lab, Paris School of Economics. Previously, he was Chair d'Excellence Monde Arabe at Paris Sciences et Lettres, and visiting professor at SIPA, Columbia University. His research focuses on topics related to Political Economy of the Middle East, Development and Growth in Africa, Financial Flows and Trade – domestic and global issues. He received his PhD. in Economics from University of California, Berkeley. He is an ERF Research Fellow.

Content by this Author

The historical roots of state weakness and social inequities in Lebanon

After the collapse of the Ottoman Empire and through the interwar period, Lebanon and much of modern Syria were administered under what was known as the French Mandate. This column explores the legacy of the arrangement, concluding that it had a highly negative impact on the post-independence economic, political, and social development of Lebanon.

To escape the crisis, embark on a path of renewal

In the chaotic global post-Covid-19 economy, with the war in Ukraine, the challenge of adjusting to the stagflation engulfing the world is particularly hard for the oil-importing countries of the Middle East and North Africa. This column summarises the key messages of a report from the MENA Commission on Stabilization and Growth.

Covid-19, trust and rising economic challenges in the Arab world

There is a common view that managing Covid-19 is all about making a trade-off between lives and livelihoods. But as this column explains, comparing global performance, countries have tended to do well, or not, on both health and economics simultaneously. A key correlate of successful country performance is a high level of trust in government, which makes compliance with public health and social measures more efficient – and therefore minimises economic casualty.

Lebanon’s dysfunctional political economy

Using the prospect of a flood of refugees as a bargaining chip in international negotiations, the government is happy to subsist on foreign exchange reserves while waiting to collect geopolitical rents. Yet as this Project Syndicate column argues, there is reason to hope that this strategy, which has already impoverished half the population, will fail.

Killer lockdowns

Most developed countries have responded to the Covid-19 crisis by imposing lockdowns to control the spread of infections rather than taking the ‘herd immunity’ approach that some have advocated. This column argues that poor countries should not necessarily mimic this response: for them, the risks of the herd immunity approach can be dwarfed by the risks of starvation, destitution, instability and violence arising from a prolonged lockdown.

Lebanon’s economic crisis: how to avoid a ‘lost decade’

An independent group of development specialists, economists and finance experts met in Beirut in late December to discuss Lebanon’s economic crisis and the way forward. This column summarises their ten-point action plan to arrest the crisis and place the country on a path of sustained recovery.

Cronyism reduces job creation in Lebanon

Firm-level political connections are widespread. This column examines whether they affect employment decisions in Lebanon, a country where the majority of university students think that connections are important for finding jobs and many admit to having used them.

Lebanon’s perfect storm

After years of maintaining a dysfunctional political economy based on sectarianism and rentierism, Lebanon's ruling elites are being confronted with simultaneous financial, economic and political crises. As this Project Syndicate column argues, the question now is how they respond to a reformist movement demanding fundamental change, including a new political settlement.

Low social and political returns to education in the Arab world

Arab societies urgently need to start looking at how to improve education systems, not just in ways to improve the marketability of individuals but, as importantly, to improve their social and political impact on society. Drawing on evidence from the World Values Survey, this column argues for strengthening a sense of community, beefing up values of civic engagement, inculcating democratic principles, supporting gender equality and promoting social tolerance.

Most read

Empowering Egypt’s young people for the future of work

Egypt’s most urgent priority is creating more and better jobs for its growing youth population. This column reports on the first Development Dialogue, an ERF–World Bank joint initiative, which brought together students, scholars, policy-makers and private sector leaders at Cairo University to confront the country’s labour market challenge. The conversation explored why youth inclusion matters, what the data show and how dialogue and the forthcoming Country Economic Memorandum can inform practical pathways to accelerate job creation.

Preparing youth for the workforce of the future

As economies undergo rapid digital and green transformations, young people face a growing mismatch between their skills and what the modern labour market needs. This column argues that enabling youth to compete in the workforce of the future requires systemic reforms in education, skills formation and labour market institutions, especially in developing economies.

Connectivity and conflict: understanding the risks of inequality in the Middle East

While high inequality does not always lead to conflict, new research reported in this column shows that widespread internet access acts as a catalyst, transforming economic grievances into political instability. For policy-makers in the Middle East and North Africa, this means that as digital connectivity expands, the security costs of ignoring economic disparities rise dramatically. The combination of idle youth, high inequality and high-speed internet is a volatile mix.

The political economy of stalled structural reforms in MENA

There is a persistent pattern to the structural reforms that are required to underpin economic progress in the countries of the Middle East and North Africa: ambitious strategies are announced and partially implemented, but ultimately they are diluted or reversed. This column argues that the repeated stalling of reform is not primarily a failure of economic design. Rather, it reflects deep-seated political economy constraints rooted in rent dependence, elite bargaining and weak institutional credibility. Without addressing these underlying dynamics, reform efforts are likely to remain symbolic rather than transformative.

Closing the gender gap in political participation in MENA

Women across the Middle East and North Africa participate less than men in politics – not only in political parties and elections, but also in petitions, boycotts, protests and strikes. This column reports evidence from ten countries showing that differences in education, employment and political attitudes explain part of this disparity, yet a significant gender gap remains.




Linkedin