Gravely affected by the Syrian crisis, Lebanon has remained relatively stable against all odds – despite the influx of some 1.5 million Syrian refugees and an internal political crisis involving supporters of oppos- ing Syrian factions. Lebanon’s resilience can be explained by the high opportunity cost of state breakdown for domestic, regional and interna- tional political actors. Moreover, international economic assistance, d iaspora remittances and informal networks established by refugees help to prevent outr ight economic breakdown. However, stability re- mains extremely precarious. P rimary tipping points include (1) an IS strategy to spread the conflict to Lebanon , with consequent disintegra- tion of the army along sectarian lines, (2) democratic decline and peo- p le ’ s dissatisfaction, (3) Hizbullah’s domestic ambitions and Israeli fears over the group’s growing military powers and (4) the potential that frustration between refugees and host communities may erupt into recurrent violence. The slow economic and sanita ry decline in the country (5), however, is considered the biggest challenge.

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