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Ceasefire and More Human Losses and Devastation    Back to the homepage
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August 11, the Security Council voted Resolution 1701 calling for a ceasefire in Lebanon. 14th July, when the ceasefire started at 8:00 a.m., human civilian losses in Lebanon exceeded 1,150 dead compared with 175 in Israel and 3,500 wounded in Lebanon and 1000 in Israel. The Order of Engineers estimated construction areas destroyed, of houses and schools, to equal 4.2 million square meters. To rebuild these areas noted above it would cost around $2.2-2.4 billion. Lebanon's economic losses have been enormous and can be briefly enumerated in the following general descriptive manner: Loss of growth in national income $1.4 billion, Infrastructure losses, including bridges, roads, electric station, water works, industrial plants, $1.2 billion storage facilities, etc.., Housing: $2.2 billion, Loss of government income over four months from VAT, airport charges, port, lack of land   $ 0.6 billion registration fees, etc...-Loss of income from tourism $ 1.5 billion to $ 7.1 billion This figure is increasing with every day of fighting and it does not reflect the two most painful and significant losses. On the one hand, Lebanon has to rebuild its infrastructure and attractiveness. All the efforts will be expensive and compensatory rather than cumulative. Moreover, of the 220,000 Lebanese who left Lebanon because of the war at least 70,000, a ratio of 30 percent of the total, were young and educated people. Their loss represents a tremendous loss of human capital, which has proven to be the most significant contributor to development in the past 50 years. Assuming the lost investment of $100,000 for each of the young and educated who left, our loss in human capital in four weeks exceeds $7 billion or the total of our material losses so far. Possibly a rejuvenated, democratic and plural Lebanon, can in the future, regain most of its young and educated Lebanese who emigrated under duress. Prepared by : Dr. Marwan Iskandar /AUB Alumni Association

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Posted by: tedy (male, 30-ish) (Posted 9/3/06)

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nick (9/3): Every country should help Lebanon to gain back his strength and stop the blockade made by Israel (report)
Anonymous (9/4): Lebanon is a very beautiful and promising country.Let us all stand for this country and fund it after the last severe destruction by Israel. (report)

 
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