التحولات الاقتصادية في ليبيا 1969-1977

Abstract EN

The end of 50s and the beginning of 60s are regarded as a changing point in economic and social aspects in Libya.

Its economy turned from still into rapidly developed economy due to discovery and export of oil in 1961, the dominance of oil sector over economy was great.

The Libyan economy witnessed rapid growth during the 70s of the last century.

Libya became one of the richest states specially after the coup made by a group of Libyan officers on 1st of September 1969 against monarchy and declaring republic and liberating the Libyan economy from foreign dependency and transforming it into a productive national economy.

Therefore, the property of the Italians who colonized Libya throughout the previous six decades of the twentieth century was nationalized, and this was a major step in the field of liberalizing the Libyan economy, as well as the nationalization of oil, banking and agricultural companies.

The political developments in Libya During Republic Era 1969-1977 were accompanied by major developments in political, economic and social fields ; therefor, the study comes by extrapolating and analyzing these developments and its implications on the economic aspects, especially in the agricultural, industrial and trade sectors.