Ask Question
22 May, 10:29

5. Economic reforms were begun in Libya in the 2000s to

+1
Answers (1)
  1. 22 May, 13:53
    0
    build a market oriented economy

    Explanation:

    Libya is a country located in Northern Africa. It has been ruled for several decades by their famous leader Moamer el Gadafi. Gadafi was a leader that had absolute power, and in many ways the country was led by communist principles. Every resources of the country was owned by the government, and the private sector was not allowed to exist. Unlike the other communist or socialist based system though, Libya had it much better. The people in the country, in general had a relatively good life, the economy was stable, and the country was safe for living. This all changed in the 2000's. After Gadafi's proposal and attempt to establish an African Union, having its own continental currency, and pretty much ban the dollar, the USA and its allies intervened in order to protect their economic interests. Libya was attacked with the excuse of being a totalitarian regime, as well as to establish a market oriented economy. Libya was invaded, Gadafi murdered, and while the market oriented economy was established in a way, the country has been is such a terrible condition ever since that it has no benefit of it whatsoever.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “5. Economic reforms were begun in Libya in the 2000s to ...” in 📘 Geography if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers