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A rentier state's response to oil crisis: economic reform policies in Libya.

From: Arab Studies Quarterly (ASQ)  |  Date: 9/22/1996  |  Author: Altunisik, Meliha B.

An analysis of the economic reform process of the Libyan political economy reflected the importance of international political factors in formulating domestic economic policies. However, the effects of these external factors were less severe than the domestic considerations. Social groups played an important role in the initiation of economic reform policies. The libyan leadership responded to domestic demands, which was contrary to the argument that rentier states are independent from their ...

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