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Institute of Financial Economics (IFE)
Samir Makdisi
​Contact Information

Phone: (961) 3 223063(Mobile)
(961) 1 744485 (Office)
(961) 1 362633 (Home)
Fax: (961) 1 744484 (Office)
(961) 1 362634 (Home)

University Degrees

  • PhD in Economics, Columbia University
  • MA in Economics, American University of Beirut
  • BA in Economics (with distinction), American University of Beirut

Administrative Experience  

  • Director, Institute  of Financial Economics, 1984 -2007
  • Chair, Economics Department , several Terms
  • Member of Board Directors, Global Development Network, 2000 - 2008
  • Deputy president, American University of Beirut, 1993-1998(Recipient of the American University of Beirut Medal for distinguished service to the University, 1998)
  • Chair, Board of Trustees, Economic Research Forum for the Arab Countries, Iran, and Turkey (1993-2001); and re-elected board member since 2012 
  • Member of the Steering Committee, Forum of Euro-Mediterranean Economic Institutes (FEMISE), 1999
  • Minister of Economy and Trade, 1992

Research Interests
International Economics, Monetary Economics, Development, Political Economy and Middle East Economics

 Research Projects

Currently managing a new research project on : "Post- conflict transitions in the conflict-affected Arab Countries" (Supported by external funding).

Building on the received literature, the project will focus on the economic agenda for post-conflict reconstruction, including; (a)the macroeconomic policy agenda, (b) socio-economic equity: policy strategies and (c) aid, growth and reconstruction strategies.

Recent Books

Democratic Transitions in the Arab World, 2017, Cambridge University Press (with E. Elbadawi)

Lessons of Lebanon, the Economics of War, I.B. Tauris, 2016.

Arab Monetary Integration, Issues and Prerequisites, Routledge, 2015 Edition (with Khair el Din Haseeb)

Democracy in the Arab World: Explaining the Deficit, 2011, Routledge (with I. Elbadawi)

Articles Recent ( since 2005 only)

"Reflections on the Arab Uprisings, in Special Issue of the Journal of International Development Policy: Combining Economic and Political Development: the Experience of MENA, 2017.

"Explaining Democratic Transitions in the Arab World", ( in I. Elbadawi and S. Makdisi (eds.) Democratic Transitions in the Arab World, Cambridge University Press , 2017,(with I. Elbadawi).

"Lebanon Sectarian Consociationalism and the Transition to a Fully Fledged Democracy" in I. Elbadawi and S. Makdisi (eds.) Democratic Transitions in the Arab World, Cambridge University Press, 2017, (with Y.El Khalil).

"Resistance to and Prospects for Democracy" forthcoming in I. Elbadawi and S. Makdisi (eds.) Democratic Transitions in the Arab World Cambridge University Press, 2017, (with I. Elbadawi).

"The Political Economy of the Arab Spring: Searching for Vitruous Circle", Open Democracy, July 28, 2016 (with Paul Aarts).

"On Transition, Democracy, and Socio-Economic Justice in the Arab World" Institute of Financial Economics Working Paper No. 1, 2015.

"The Unraveling of Arab Autocracy: Socio-Economic Factors in Context", in a Kadri (ed), Development Challenges and Solutions after the Arab Spring, Palgrave Macmillan, 2015.

"Develpment Without Democracy in the Arab World", in Eclairages Sur Des Enveus Arabs Et Internationaux Contemporains, Institut Des Sciences Politique, St. Joseph University, V. 1, 2013-2014.

"Understaning Democratic Transition in the Arab World", Economic Research Forum Working Paper No. 765, 2013 (With I. Elbadawi)

"Lebanon: The Legacy of Sectarian Conscociationalism and the Transition to the Full Fledged Democracy", Institute of Financial Economics, AUB, Lecture and Working Paper Series No. 1, 2013 (with Y. El-Khalil)

"Autocracy and the Transition to Democracy in the Arab region", Europe's World, September 2012, No. 1.

"Autocracies, Democratization and Development in the Arab Region", in Politics and Economic Development, Selected Papers from Economic Research Forum Annual Conference, Antalya,Turkey, March 2011.

"Explaining the Arab Democracy Deficit: The Role of Oil and Conflict", in I. Elbadawi and S. Makdisi (eds), Democracy in the Arab World: Explaining the Deficit, Routledge, 2011, (with I. Elbadawi)

"Lebanon; The Constrained Democracy and Its National Developmental Impact", in I. Elbadawi and S. Makdisi (eds),  Democracy in the Arab World: Explaining the Deficit, (Routledge, 2011), (with F. Kiwan and M. Marktanner)

"Precarious Consociationalism: Lebanon's Predicament in Promoting Development", in K.R. Roy, A Medhekar and H. Chittoo (eds.). Globalization and Development: Country Experiences (Nova Science Publishers, Inc., 2010) (with M. Marktanner).

"Impact of the International Financial Crisis on growht in the Arab Countries, Arab Planning Institute, The impact of the International Financial Crisis on the Arab Countries, 2009

"The Obstacles to Arab Economic Integration: Factors that Underlie the Lack of Political Will", Alexandria Library publications, 2009.

"Trapped by Consociationalism: The Case of Lebanon", Topics in Middle Eastern and North African Economies, V.11, Middle East Economic Association and Loyola University Chicago, September 2009 (Witn M. Marktanner)

 "Development Against All Odds? The Case of Lebanon", Review of Middle East Economics and Finance, V.4, Issue 2008 (with M. Marktanner)

"Rebuilding Without Resolution: The Lebanese Economy and State in the Post-Civil War Period", L. Binder (ed.), Rebuilding of Devastated Economies in the Middle East. (Palgrave/Macmillan, 2007)

"Explaining the Democracy Deficit  in the Arab World", The Quarterly Review of Economics and Finance - V. 46, Issue 5, February 2007 (with I. Elbadawi).

"The Arab/Israeli Conflict and the Question of Democracy in the Arab World", in the Middle East: Issues and Conflicts, Institute of Political Science, St. Joseph University, (Beirut, 2007/08).

"The Determinants of Economic Growth in the MENA Region", J. Nugent and H. Pesaran (eds), Explaining Growth in the Middle East (North Holland/Elsevier, Contributions to Economic Analysis Series), V. 278, December 2006 (with I. Limam and Z. Fattah).

" Developmental Thought and Arab Development", N. Ferjani (eds), Horizons of Arab Development, volume in memory of Mervat El Badawi-Arab Fund for Economic and Economic Development/Dar 'Attalia', 2006 - in Arabic.

"The Lebanese Civil War, 1975-1990",  P. Collier and N. Sambanis (eds), Understanding Civil War: Evidence and Analysis, vs I and II , The World Bank, 2005 (With R. Sadaka),.

"Modernity and the Modernization of the Arab Economies", in G., Tarabishi (ed), Modernity and Arab Modernity", published by Arab Institute of Modern Thought, (Beirut 2005).

"Development of Financial Markets in the Arab World" in the Financial Sector and Economic Growth, the Arab Monetary Fund, 2005.

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