ARAB

Arab Economic Spring

Arab Economic Spring

Fall of Gaddafi in Libya was a historic opportunity for the construction of the Libyan economy, with the potential of natural and human capital of the country. It may enable to check the conditions of a decent life for its residents. Since 1969, Libya has suffered from excessive centralization of power and foot-dragging in the management of abundant oil revenues. Libyans have long felt frustrated by the low living standards of broad categories of society, especially during the last decade. The majority of citizens did not feel any improvement after the lifting of international sanctions imposed ...