Economic Development in Libya and Its Role in Agriculiture and in Dustry

Abstract

Economy in Libya has been depending mainly on oil. Following the Revoltion in 1969, the government has decided to develop other economic Sectors Such as agriculture, industry, health and education. The policy was to reduce the contribution of oil and to increase the contribution of other sectors such as agriculture and industry in the National income. Other goals were achieving selfsufficiency in stratigic agriculture products and export the surpluse. The government Sat Contineous plans to develop agriculture, industry as well as other Sectors of the economy. The government investment during the last twenty years in both agriculture and industry was 5254 and 4545 million Libyan dinnar, respectively. the huge investment in agriculture led to an increase in Production of Cereal crops, as well as fruits, vegetables, meat production, poultry producton and fisheries. The increase in agriculture production in both private and Public sectors has been achieved through using new technology, fertilizers, chemicals and Concentrated feeds. Also the huge in vestment in industry Such as building different plants for dairy, processing of foods, concentrates, and tractors, and its distribution all over the country, all of this caused an increase in agriculture production (Farmers found a market for their production which encouraged them to produce more of it). Among the problems which caused the actual production to be less than the expected during the past twenty years are the lack of skilled personal, spare parts for industrial plants and research designed to solve problems facing the development plans, Also evaluation of public and private projects when it is needed.