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Problems of Industrialisation in Libya since the Revolution

Published online by Cambridge University Press:  03 March 2015

Rolf Bergs
Rolf Bergs*
Affiliation:
Frankfurt
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Abstract

This paper deals with the Libyan industrialisation programme since the revolution in 1969. Although Libya is striving to achieve national development within the next 20 years on a par with other advanced ‘Newly Industrialising Countries', it seems that the declining oil prices and the decreasing income from foreign trade since 1981 is retarding the build-up significantly. The main problem is that the necessary foreign labour can no longer be financed. The annual growth rates achieved in industry since 1981 indicate virtual stagnation.

Type
Articles
Information
Libyan Studies , Volume 19 , 1988 , pp. 133 - 140
Copyright
Copyright © Society for Libyan Studies 1988

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