The Changing Libyan Economy: Causes and Consequences

Author: St John, Ronald Bruce

Source: The Middle East Journal, Volume 62, Number 1, Winter 2008 , pp. 75-91(17)

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Abstract:

Once the United Nations suspended its sanctions regime in April 1999, Libya began to introduce socioeconomic reforms aimed at liberalizing its economy. Greeted with some skepticism, the liberalization movement gained momentum as Libya first resolved the Lockerbie dispute and then renounced unconventional weapons. Considerable progress was made in the ensuing years; however it was notably uneven, with reform to the oil and gas industry outstripping initiatives in other economic sectors. Liberalization efforts continue but they are increasingly threatened by resistance to political reform.

Document Type: Research article

DOI: http://dx.doi.org/10.3751/62.1.14

Publication date: 2008-12-01

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The Middle East Institute has published The Middle East Journal quarterly since 1947. The Journal provides original and objective research and analysis, as well as source material, on the area from Morocco to Pakistan and including Central Asia. The Journal provides the background necessary for an understanding and appreciation of the region's political and economic development, cultural heritage, ethnic and religious diversity.
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