INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
The paper analyses the Libyan Economy under Colonel Muammar Gaddafi. Various economic policies have been discussed responsible for the changes in the Libyan economy. The various social and political policies affecting the economy are also discussed in the research paper. The concept of an Arab Jamahiriya and the influence of the Green Book on the Libyan economy have also been discussed in detail in the research paper. The paper also shows how the military intervention by the NATO forces and the aid given to the rebels led to the First Libyan Civil war which not only killed Gaddafi ending the regime but also sent the nation into a perpetual state of disarray, anarchy, war, and instability from which Libya has still not been able to recover. The war and its aftermath have ruined the economy of Libya to such an extent that the oil sector alone lost over $126 billion as an effect of the conflict. This instability has also sent a wave of emigrants towards Europe causing a demographic shift in the European population and an immigration crisis.
Keywords:
Muammar Gaddafi, Libyan Economy, King Idris I, NATO, UN Resolution 1973
Cite Article:
"Libyan Economy under Col. Muammar Gaddafi", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.8, Issue 7, page no.a234-a241, July-2023, Available :http://www.ijnrd.org/papers/IJNRD2307030.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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