Libya has been one of the most remarkable of the Arab oil producers. It has combined an aggressive foreign policy, a domestic political revolution and extraordinary economic growth over the last decade. This book focuses on the development of the Libyan economy over this period. In the boom years of the oil market Libya's revenues exploded. With the current decline of Arab oil revenues many of the projects undertaken then now look less realistic. The book surveys both the structural developments in the Libyan economy and the experience of individual sectors. It considers the potential for industrial development and the prospects for agriculture both in terms of natural resources and political commitments. The book also examines developments in the service sector, especially banking. Although it recognises the acute problems of the Libyan economy, the book is broadly optimistic for prospects through to the year 2000.
First published in 1987.
1. Economic Development and Spatial Planning in Libya Saad Kezeiri and Richard Lawless 2. The Jamahiriya Model in Planning, With Some Indications of Social and Economic Development and Change in Libyan Arab Society Mohamed Farag Malhouf 3. The Libyan South: Background to Current Developments and Future Outlook Keith McLachlan 4. The Oil Industry and the Libyan Economy: The Past, The Present and The Likely Future Shukri Ghanem 5. Industrial Development in Libya Around the Year 2000 Taher el-Jehaimi 6. Libya's Economic Relations as an Instrument of Foreign Policy Hanspeter Mattes 7. Water for Agriculture in the 1990s: Another Phase in Libya's Agricultural Development J.A. Allan 8. Libya's Soil Resources and their Potential for Sustained Agricultural Production Ken Atkinson 9. Agricultural Development and its Future in Libya Bashir M. El-Wifati 10. The Development of the Banking System in Libya Nuri A. Baryun 11. Libyan Oil and Money Bichara Khader 12. The Libyan Economy in Crisis Francois Burgat 13. The Economy of Libya: A Select Bibliography J.-C. Santucci and M.-C. Gessay-Burgat