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Geopolitical factors in recent decades have placed significant strain on the economy of Lebanon, which had enjoyed status as a regional and commercial centre. The Lebanese economy was characterized by a minimum of government intervention in private enterprise combined with an income- and profit-tax-free environment. Although imports far outstripped exports, elements such as tourism and remittances from labourers working abroad helped balance the trade deficit. Income was generally on the rise, and Lebanese products were finding a place on the international market. A long-lasting civil war (1975–90) created long-term consequences for the economy. For the first 10 years of the ...(100 of 17994 words)