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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.

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

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