Libya Since Independence (RLE Economy of Middle East)

Since its independence in 1951, Libya has experienced rapid economic and social change. Many of these developments, though dramatic, have not been comprehensively documented until now. One of the problems that Libya has had to face has been the absorption of burgeoning oil revenues, and here the Libyan experience accords with that of other oil-rich states. The country has embarked on ambitious policies based on oil wealth; this book charts the development of traditional agricultural way of life, and the growth of new industrial projects and transport systems. The effect of Libyas new wealth on its social and political systems is also considered in detail. In conclusion, the importance of Libyas frontiers are discussed; although Libyan international interests have been wide-ranging in recent years, its real external interests are to extend its natural resource base, for its future developments will be founded on Libyas perception of its territorial entitlement. First published in 1982.