The politicians have mainly taught us the fact that their jobs involve making promises in order to please the masses. Whenever they fail in keeping them they get ironies, parodies and even criticism on the part of the people. But in some countries these polite manifestations of discontentment are simply not enough to wake up these persons or to bring them back to the right track.
The men holding the highest positions in Egypt and then in Libya lost control of themselves and of the countries they should have offered a better life. These leaders proved to be very skilled and efficient in previous national and international problems, but perhaps they have simply been doing the same thing for too long. There must be a reason why in democratic countries presidents change every four or five years and why they are not supposed to run for presidency more than twice. Otherwise dictators appear.
The economy of Libya relies mostly on the oil industry. With slight fluctuations, this domain has represented up to 50% of the GDP. While in most of the African states agriculture is the main source of profit, Libya enjoys a much better situation. Its oil reserves offered it the status of a small country with a limited number of inhabitants which thrives on oil exports.
But natural reserves are not something reliable. The fact that they will soon be depleted is common knowledge. In this case this country might be the poorest country in the world. Persons who have decision power and ideas are searching for new domains in which to invest in order to maintain the country level constant even in this situation.
According to Libyan officials they are more than willing to turn their attention towards diversification as soon as the violence in their country will end. They have also stated that they will somehow reward the countries which were on the part of the rebels against the regime. You could estimate that with foreign implication, know how and even investments a new economical era could start for Libya.
Up to now the oil industry has also financed agriculture by using the most modern techniques to make it efficient. Apart from agriculture it is estimated that the country has touristic potential especially in the beach area. Perhaps the Libyans also rely on the huge gold reserve in their national bank. As gold bullion or in any other shape it can help this state for a while until it discovers other means of existence.
The men holding the highest positions in Egypt and then in Libya lost control of themselves and of the countries they should have offered a better life. These leaders proved to be very skilled and efficient in previous national and international problems, but perhaps they have simply been doing the same thing for too long. There must be a reason why in democratic countries presidents change every four or five years and why they are not supposed to run for presidency more than twice. Otherwise dictators appear.
The economy of Libya relies mostly on the oil industry. With slight fluctuations, this domain has represented up to 50% of the GDP. While in most of the African states agriculture is the main source of profit, Libya enjoys a much better situation. Its oil reserves offered it the status of a small country with a limited number of inhabitants which thrives on oil exports.
But natural reserves are not something reliable. The fact that they will soon be depleted is common knowledge. In this case this country might be the poorest country in the world. Persons who have decision power and ideas are searching for new domains in which to invest in order to maintain the country level constant even in this situation.
According to Libyan officials they are more than willing to turn their attention towards diversification as soon as the violence in their country will end. They have also stated that they will somehow reward the countries which were on the part of the rebels against the regime. You could estimate that with foreign implication, know how and even investments a new economical era could start for Libya.
Up to now the oil industry has also financed agriculture by using the most modern techniques to make it efficient. Apart from agriculture it is estimated that the country has touristic potential especially in the beach area. Perhaps the Libyans also rely on the huge gold reserve in their national bank. As gold bullion or in any other shape it can help this state for a while until it discovers other means of existence.
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