Description: Libya : The Experience of Oil, Hardcover by Allan, J. A., ISBN 1032322772, ISBN-13 9781032322773, Brand New, Free shipping in the US First published in 1981, Libya: The Experience of Oil provides a comprehensive overview of Libya’ s socio-economic development since the reform of 1961. It reviews Libya’s oil endowment and draws attention to the deficiencies in the country’s renewable natural resources and in the availability of unskilled labour and trained professional staff. The absorption of oil wealth after 1961 is shown to have been severely constrained by poor factor endowment in land and labour resources. Th shows that by end of the 1970s there had been a significant redistribution of wealth along with a reorganization of the economy, such that almost all production, distribution and resources were under public control. A recurring feature observed in this pattern of change is that rates of investment, sectoral allocations to the development spending, improvement in the standard of living and the level of social service provision advanced at a constant rate after oil and that the revolution had little impact on the rate of improvement in the development indicators. This is book is an essential read for scholars and researchers of African studies, African politics, geopolitics and international relations.
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Book Title: Libya : the Experience of Oil
Number of Pages: 324 Pages
Language: English
Publisher: Routledge, Chapman & Hall, Incorporated
Publication Year: 2022
Topic: Developing & Emerging Countries, Africa / General, Regional Studies, International Relations / General, Development / Economic Development, Economic Conditions
Genre: Political Science, Social Science, Business & Economics, History
Author: J. A. Allan
Item Length: 9.2 in
Item Width: 6.1 in
Book Series: Routledge Revivals Ser.
Format: Hardcover
