Economic development: the need for an alternative approach. [Case of Libya]

Journal Article · Sat Oct 01 00:00:00 EDT 1977 · Econ. Dev. Cult. Change; (United States)

DOI:https://doi.org/10.1086/450999· OSTI ID:5409692

Pinches, C R

The economic growth of Libya is used to illustrate the need for a more relevant way of assessing development so that it includes an appreciation for the process of change. It is shown that many changes do not appear in the traditional economic statistics. A new approach is suggested that would enable a society to handle changes in ways that are in accord with its national goals and traditions. This would take into account future developments, international relations, the basic skill levels, and other factors rather than a limited measurement of the country's ability to absorb capital. Libya has chosen, as an alternative to increased consumption, policies for developing self-sufficiency, a limited foreign investment, and an emphasis on education as a basis for modernization. The goal is to evolve a national identity and ideology that will be unique to the Arab world. (DCK)

• Research Organization: St. John's Univ., Jamaica, NY
• OSTI ID: 5409692
• Journal Information: Econ. Dev. Cult. Change; (United States), Vol. 26:1
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
02 PETROLEUM
DEVELOPING COUNTRIES
ECONOMIC GROWTH
LIBYA
CAPITAL
ECONOMIC DEVELOPMENT
ECONOMIC IMPACT
ECONOMIC POLICY
EDUCATION
GOVERNMENT POLICIES
INCOME
INVESTMENT
MANPOWER
PETROLEUM
PLANNING
SOCIAL IMPACT
SOCIOLOGY
AFRICA
ENERGY SOURCES
FOSSIL FUELS
FUELS
290200* - Energy Planning & Policy- Economics & Sociology
020700 - Petroleum- Economics
Industrial
& Business Aspects