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Topic: Economy of Libya

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	Libya - Wikipedia, the free encyclopedia
		Libya (Arabic: ليبيا), officially the Great Socialist People's Libyan Arab Jamahiriya (الجماهيرية العربية الليبية الشعبية الإشتراكية ﺍﻟﻌﻆﻤﻰ), is a country in Northern Africa, bordering the Mediterranean Sea, located between Egypt on the east, Sudan on the southeast, Chad and Niger on the south and Algeria and Tunisia to the west.
		Libya remained part of their empire, although at times virtually autonomous, until Italy invaded in 1911 and, in the face of years of resistance, made Libya a colony.
		It is bound to the west by Tunisia and Algeria, the southwest by Niger, the south by Chad and Sudan and to the east by Egypt.
	en.wikipedia.org /wiki/Libya (2966 words)

	Economy of Libya - Wikipedia, the free encyclopedia
		Libya's socialist-oriented economy depends primarily upon revenues from the petroleum sector, which contributes practically all export earnings and about one-quarter of GDP.
		Current GDP per capita of Libya soared by 676% in the Sixties and further 480% in the Seventies.
		Although agriculture is the second-largest sector in the economy, Libya depends on imports in most foods.
	en.wikipedia.org /wiki/Economy_of_Libya (742 words)

	Libya. The Columbia Encyclopedia, Sixth Edition. 2001-05
		Libya was a very poor agricultural country with bleak economic prospects until 1958, when petroleum was discovered 200–300 mi (320–480 km) S and SE of the Gulf of Sidra; crude petroleum was exported on an increasingly significant scale between 1961 and 1981.
		Libya was made an integral part of Italy in 1939, and the Muslim population was granted a limited form of citizenship.
		Libya’s foreign policy was generally reoriented away from N Africa and toward the heart of the Middle East.
	www.bartleby.com /65/li/Libya.html (2498 words)

	Libya - ECONOMY
		Because of Libya's great dependence on oil revenues, the general level of the Libyan economy is closely related to the health of the petrochemical industry.
		It is therefore useful to visualize Libya's petroleum development in terms of two periods, dividing at September 1, 1969, with the earlier period serving to prepare for the later.
		Production of natural gas in Libya received a major boost in 1971, when a law was passed requiring the oil companies to store and liquify the natural gas condensate from their wells, rather than burning it off as many had previously done.
	www.mongabay.com /reference/country_studies/libya/ECONOMY.html (10168 words)

	Libya: Economy
		Libya's economy was far weaker in the 1990's than it was in the early 1980's, but still Libya has had a healthy trade balance with about US$400 million yearly surplus.
		The most important region for agriculture in Libya is in Tripolitania, but with the construction of the Great Man-Made River, eastern provinces are projected to have increased agricultural output in the years to come.
		The yearly output of petroleum in Libya exceeds 500 million barrels per year, while the amount of natural gas was at the level of 10,3 billion m³.
	i-cias.com /e.o/libya_2.htm (269 words)

	An MBendi Profile: An MBendi Country Profile for Libya including economic and travel overviews and directories of ... (Site not responding. Last check: 2007-11-06)
		Libya is located in North Africa and lies between latitudes 33°N and approximately 20°N and longitudes 8°E and 25°E. It is bordered by Egypt to the east, Sudan to the south-east, Chad and Niger to the south with Algeria and Tunisia to the west and north-west respectively.
		Libya has recently begun a process initiated by Mr Qadhafi in which the aim is to resume as many flights as possible with a variety of European cities.
		Libya has a number of chambers of commerce and industry and details of these can be found via our Organisation Search, as can details of relevant government departments.
	www.mbendi.co.za /land/af/lb/p0005.htm (2048 words)

	Economy - Libya - Africa
		Libya was traditionally an agricultural country, although farming was restricted primarily to the coastal regions.
		At independence in 1951, Libya was one of the poorest countries in the world.
		The economy rebounded in the 1990s, and in 2000 Libya showed its first budget surplus in a decade.
	www.countriesquest.com /africa/libya/economy.htm (199 words)

	Libya on Encyclopedia.com (Site not responding. Last check: 2007-11-06)
		Libya falls into three main administrative and geographical regions— Tripolitania in the west, Fazzan in the southwest, and Cyrenaica in the east.
		Libya was a very poor agricultural country with bleak economic prospects until 1958, when petroleum was discovered 200-300 mi (320-480 km) S and SE of the Gulf of Sidra; crude petroleum was exported on an increasingly significant scale between 1961 and 1981.
		Libya edges back into the fold: all the signs are, that after years of isolation from the West, Libya is about to be re-admitted to the fold, following Tripoli's decision to accept responsibility for the Lockerbie disaster.(Libya)
	www.encyclopedia.com /html/L/Libya.asp (2727 words)

	Libya - Gurupedia
		The sanctions were lifted on September 12, 2003, after Libya agreed to accept responsibility and make payment of US $2.7 billion to the families of those who died in the bombing.
		On December 19, 2003, Libya admitted having had a weapons of mass destruction (WMD) program and simultaneously announced its intention to end it and dismantle all existing WMD to be verified by unconditional inspections.
		Libya was a daughter of Memphis and Epaphus.
	www.gurupedia.com /l/li/libya.htm (869 words)

	Libya (11/05)
		Libya remained part of their empire--although at times virtually autonomous--until Italy invaded in 1911 and, in the face of years of resistance, made Libya a colony.
		Libya paid compensation in 1999 for the death of British policewoman Yvonne Fletcher, a move that preceded the reopening of the British Embassy in Tripoli, and paid damages to the families of the victims in the bombing of UTA Flight 772.
		Libya re-established its diplomatic presence in Washington with the opening of an Interest Section on July 8, 2004, which was subsequently upgraded to a Liaison Office in December 2004.
	www.state.gov /r/pa/ei/bgn/5425.htm (4566 words)

	Background Notes Archive - Near East and North Africa
		Libya remained part of their empire--although at times virtually autonomous--until Italy invaded in 1911 and, after years of resistance, made Libya a colony.
		Libya is undertaking a multi-billion-dollar project to tap water resources deep under the Sahara to meet coastal population water needs in the 1990s.
		Libya's use--and heavy loss--of Soviet-supplied weaponry in its war with Chad was a notable breach of an apparent Soviet-Libyan understanding not to use the weapons for activities inconsistent with Soviet objectives.
	dosfan.lib.uic.edu /ERC/bgnotes/nea/libya9407.html (3594 words)

	Libya: News and Views
		Libya is facing the problem of unemployment which reached according to some estimates 15%, at a time that the state's administrative department is not able to hire more employees as the number of workers in it reached one fifth of the population.
		Libya is planning to invest some of the billions of dollars it earns each year from oil and gas in the acquisition of stakes in German industrial companies, the son of Libyan leader Mu'ammar al-Qadhafi, Seif al-Islam al-Qadhafi said.
		Libya on Friday deposited with the UN its decision to declare the areas to the north of its territorial waters, that extend up to 62 nautical miles into the sea starting from the territorial sea line, a fishing area that falls under its jurisdiction and sovereignty.
	www.libya-watanona.com /news/n2005/april/0405nwsc.htm (8846 words)

	Index of Economic Freedom 2006 - Libya (Site not responding. Last check: 2007-11-06)
		Libya's state-dominated economy depends heavily on oil revenues, which generate almost all export earnings and about one-quarter of GDP.
		Libya accepted civil liability for its role in the 1989 Lockerbie bombing and agreed to pay compensation to the victims' families, and the U.N. lifted sanctions in September 2003.
		Libya's fiscal burden of government score is 0.4 point better this year, and its capital flows and foreign investment score and banking and finance score are both 1 point better.
	www.heritage.org /research/features/index/country.cfm?id=Libya (1110 words)

	Economy - Libya - (Legal500.com)
		Libya's economy is relatively strong, with healthy oil revenues and a robust agricultural sector.
		Libya is making progress with economic reforms, particularly after UN sanctions were lifted in 2003, followed by the lifting of US unilateral sanctions in April 2004.
		Libya's application to join the WTO is under consideration but it could take years before a decision is made.
	www.icclaw.com /lfe/edit/ly3.htm (319 words)

	Libya - Economy
		This effort picked up steam after UN sanctions were lifted in September 2003 and as Libya announced that it would abandon programs to build weapons of mass destruction in December 2003.
		Almost all US unilateral sanctions against Libya were removed in April 2004, helping Libya attract more foreign direct investment, mostly in the energy sector.
		Libya faces a long road ahead in liberalizing the socialist-oriented economy, but initial steps - including applying for WTO membership, reducing some subsidies, and announcing plans for privatization - are laying the groundwork for a transition to a more market-based economy.
	www.exxun.com /Libya/e_ec.html (595 words)

	Wikinfo \| Libya
		On December 19, 2003, Libya admitted having had a weapons of mass destruction programme and simultaneously announced an intention to end it and dismantle all existing WMD.
		Libya has also agreed to limit its long range missiles to just 300km.
		Images, some of which are used under the doctrine of Fair use or used with permission, may not be available.
	www.wikinfo.org /wiki.php?title=Libya (488 words)

	Mining - Economy - Libya - Africa
		These restrictions were imposed partly to pressure foreign oil companies to agree to government demands, and partly to ensure that Libya’s oil reserves were not exhausted while the country was still largely undeveloped.
		Libya was the most militant of the oil-producing countries in demanding increased government participation in the oil industry.
		Libya has also produced and exported liquefied natural gas since the early 1970s.
	www.countriesquest.com /africa/libya/economy/mining.htm (386 words)

	BBC NEWS \| Business \| Libya looks to capitalist future
		The Corinthia is significant not just as the first luxury hotel in Libya, but as the first enterprise in the country to allow customers to use plastic rather than hard cash.
		He emphasised that Libya must prove to the financial markets that it respected and understood contracts and international business law.
		The easing of US trade sanctions against Libya is expected by the end of this week.
	news.bbc.co.uk /1/hi/business/3644697.stm (590 words)

	LIBYA BUILD 2006 (Site not responding. Last check: 2007-11-06)
		Libya endeavors, through the enacted legislation in all fields including investments, to draw the attention to the Libyan market as a developing market of roots extending deeply in the African Continent.
		Libya Build 2005 was made under the agreement of Secretariat of General Peoples Committee for Economy and Commerce and official sponsorship of Secretariat of the General Peoples Committee for Planning.
		Libya Build 2005 occupied 5 pavilions at Tripoli International Fair, compared to last year (Libya Build 2004), net floor space has increased by 55 %, making a total of 2000 sq m, plus more outdoor exhibit.
	www.libyabuildexpo.com /oldevents.html (284 words)

	LIBYA BUILD 2006
		After the success of the 1st and 2nd International Building & Construction Expo Libya Build(2004 and 2005) and the excellent reputation this expo has developed for participants and the Libyan visitors.
		Libya has already joined the international community and is working hard to be a leading example of a new economy in Africa, Libya is developing a new strategy for it's existence and is broadening the horizon of it's future..
		With major development projects already started and many more under study and near approval, Libya proves every day to be the new location for Building and Construction.
	www.libyabuildexpo.com (230 words)

	Libya Economy \| Economy of Libya \| WorldEssentials (Site not responding. Last check: 2007-11-06)
		The socialist-oriented economy depends primarily upon revenues from the oil sector, which contribute practically all export earnings and about one-quarter of GDP.
		Higher oil prices in the last three years led to an increase in export revenues, which has improved macroeconomic balances but has done little to stimulate broad-based economic growth.
		Libya is making slow progress toward economic liberalization and the upgrading of economic infrastructure, but truly market-based reforms will be slow in coming.
	www.worldessentials.com /economy.asp?country=Libya (168 words)

	CIA - The World Factbook -- Libya (Site not responding. Last check: 2007-11-06)
		The system is a combination of socialism and Islam derived in part from tribal practices and is supposed to be implemented by the Libyan people themselves in a unique form of "direct democracy." QADHAFI has always seen himself as a revolutionary and visionary leader.
		UN sanctions were suspended in April 1999 and finally lifted in September 2003 after Libya resolved the Lockerbie case.
		In December 2003, Libya announced that it had agreed to reveal and end its programs to develop weapons of mass destruction, and QADHAFI has made significant strides in normalizing relations with western nations since then.
	www.cia.gov /cia/publications/factbook/geos/ly.html (1382 words)

	Libya
		Therefore, any American citizen who decides to travel to Libya should maintain a strong security posture by being aware of surroundings, avoiding crowds and demonstrations, keeping a low profile, and varying times and routes for all required travel.
		In addition to being subject to all Libyan laws, U.S. citizens who also possess the nationality of Libya may be subject to other laws that impose special obligations on Libyan citizens, including use of a Libyan passport to enter and depart Libya.
		Engaging in sexual conduct with children or using or disseminating child pornography in a foreign country is a crime, prosecutable in the United States.
	travel.state.gov /travel/cis_pa_tw/cis/cis_951.html (2390 words)

	SESRTCIC (Site not responding. Last check: 2007-11-06)
		Libya is situated on the Southern Mediterranean coast of North Africa.
		It has borders with Chad and Niger in the South, Egypt and Sudan in the East, and Algeria and Tunisia in the West.
		Libya’s economy is based on the exploitation of crude oil.
	www.sesrtcic.org /members/jam/jamhome.shtml (233 words)

	Window International Network - Libya (Site not responding. Last check: 2007-11-06)
		Libya's economy was transformed by oil in 1959.
		It is the Touarey men (known as people of the Blue veil) who cover their faces and wear the "veil of submission" after marriage.
		Sudanese girls and women are trafficked to Libya as slaves and for sexual exploitation.
	www.win1040.com /countries/a0000035.cfm (383 words)

	Middle East Institute: Libya
		Their leader, Muammar al-Qaddafi, attempted to create a new Libya based on his unique socialistic and nationalistic theories — that include Islamic political theory and Libyan tribal practice — as an alternative to capitalist liberalism and communism.
		The indigenous population of Libya is mostly Berber and Arab in origin.
		Libya and the United States at a Turning Point
	www.mideasti.org /countries/countries.php?name=libya (278 words)

	Economy of Libya
		Economy - overview: Libya's socialist-oriented economy depends primarily upon revenues from the oil sector, which contributes practically all export earnings and about one-quarter of GDP.
		In this statist society, import restrictions and inefficient resource allocations have led to periodic shortages of basic goods and foodstuffs.
		Although oil revenues and a small population give Libya one of the highest per capita GDPs in Africa, the government's mismanagement of the economy has led to high inflation and increased import prices, resulting in a decline in the standard of living.
	www.fastload.org /ec/Economy_of_Libya.html (694 words)

	Libya announces new measures to liberalize the economy
		Libya announces new measures to liberalize the economy
		Libya has announced that it will take a series of economic measures to lift subsidy from gasoline, electricity and supply commodities which cost at the meantime $ 5 billion annually.
		According to the Libyan (prime minister) Shukri Ghanem, these new measures aim at "strengthening and liberalizing the economy" which has been greatly affected during the years of international, European, and American sanctions which were imposed on Libya as a result of accusing the Libyan leader Muammar al-Qathafi of supporting terrorism.
	www.arabicnews.com /ansub/Daily/Day/041103/2004110301.html (387 words)

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