Publications > EuroMeSCo Briefs > EuroMeSCo Policy Brief 66:Libyan Political Economy: Political Conflict, Crisis Management and Structural Reform
EuroMeSCo Policy Brief 66:Libyan Political Economy: Political Conflict, Crisis Management and Structural Reform
Written by Ziad Akl   

The ongoing political division and armed conflict in Libya have overshadowed the critical stage Libyan economy has reached. Libya’s only source of income, oil exports, was repeatedly threatened due to the fact that it became an integral dimension of the political and military conflict. Over the past two years, Libya’s oil production was reduced to levels that can hardly sustain the Libyan state. However, the political division and its effects are not the only problem with the Libyan economy. Any attempt of economic reform in Libya must address the structural faults that emerged as a result of Libya’s total dependence on oil revenues. Reforming the Libyan economy could be used as a tool to bring about political stability in a very troubled region.

 

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