Libya by J A Allan - 9781032322780

LibyaThe Experience of Oil\nAuthor(s): J A Allan\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781032322780, 978-1032322780\nSynopsis\nFirst published in 1981, Libya: The Experience of Oil provides a comprehensive overview of Libya s socio-economic development since the reform of 1961. It reviews Libyas oil endowment and draws attention to the deficiencies in the countrys renewable natural resources and in the availability of unskilled labour and trained professional staff. The absorption of oil wealth after 1961 is shown to have been severely constrained by poor factor endowment in land and labour resources. The book shows that by end of the 1970s there had been a significant redistribution of wealth along with a reorganization of the economy, such that almost all production, distribution and resources were under public control. A recurring feature observed in this pattern of change is that rates of investment, sectoral alloca.