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Is Libya Ready for the Private Sector?

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image Trucks entering Libya from Tunisia Loaded with Goods

Now that Libya reconciled with the West and has become the subject of praises from the likes of the IMF and the World Bank, the country will have to face a new set of realities that could either lead to sustained economic growth or deepen its dependency on foreign suppliers.

Today, it is clear that creating a national market and a domestic private industry is critical to creating a balanced economy. History shows that looking for foreign investors only is not the right approach, at least not if a domestic private initiative does not take shape. Continue here.

Comments (3 posted):

Colin Kilkelly on 10 March, 2009 01:50:28
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The private sector in Libya under thecurrent regime doesn't stand a chance.
Saber Alwahsh on 28 September, 2009 11:39:14
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I think we still need a several years to be ready. Any way, that depends on our economic resformation.
Herrskor on 18 May, 2010 07:42:21
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Developing a sound private sector is a long process. However, one needs to start somewhere, even if the process will be long and difficult.

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