Libya

The Experience of Oil

J A Allan

$252

Hardback

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English

Routledge
30 August 2022

Social & cultural history; Cultural studies; Economic growth; Petroleum & oil industries

Series: Routledge Revivals

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. The book 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.

By: J A Allan
Imprint: Routledge
Country of Publication: United Kingdom
Dimensions: Height: 234mm, Width: 156mm,
Weight: 721g
ISBN: 9781032322773
ISBN 10: 1032322772
Series: Routledge Revivals
Pages: 300
Publication Date: 30 August 2022
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Active

J.A. Allan

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Libya

The Experience of Oil

J A Allan

$252

Hardback

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