the Geographical location and diversification of sources of income in the Libyan economy
Keywords:
landlocked economies, free zones, macro variablesAbstract
This research aims to study Libya's geographical location and explore its potential role in diversifying national income sources. It adopts a descriptive-analytical approach, with four main axes. The first addresses the concept of economic diversification and its indicators, while the second focuses on analyzing the economic indicators of the landlocked African countries neighboring Libya. The third axis explores the potential offered by Libya's geographical location in supporting Libyan economic diversification.
The research concludes with several findings, most notably that Libya's geographical location is one of the most important strategic advantages that can be leveraged to diversify income sources by establishing and activating free economic zones along the northern coast and in the southern border regions. However, the actual performance of these zones remains limited, primarily due to weak infrastructure, including a dilapidated road network, a low-efficiency banking system, and weak communications networks.
Based on this, the research recommends giving top priority to developing infrastructure projects and accelerating the establishment of free zones, thus enabling optimal use of Libya's strategic geographical location to support economic diversification in Libya.
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Copyright (c) 2025 Journal of Economics and Political Sciences
This work is licensed under a Creative Commons Attribution 4.0 International License.
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Accepted 2025-05-24
Published 2025-05-27
