The Impact of War on Libyan Economic Growth A Descriptive Analytical Study for the Period (2001-2020)
Keywords:
War's impact, Foreign direct investment, Inflation, Economic growth, Government revenueAbstract
The 2011 war and subsequent political upheaval led to a significant economic downturn, resulting in a more than 50% decline in GDP during the conflict's first year. This research aims to comprehend the war's impact on Libya's economic growth. Employing a descriptive methodology, it involves analyzing officially published data from regional and international organizations. The study's primary focus is Libya, examining data from both the pre-war period (2001-2010) and the post-war period (2011-2020). The findings underscore the adverse effects of the conflict on Libya's economy, particularly in terms of foreign direct investment and inflation. Further research and policy measures are needed to address the economic challenges and promote sustainable growth and development in post-war Libya.
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