Monday 29 August 2011

Guest post: re-inventing Libya’s economy | beyondbrics – FT.com

As the search for Brother Leader continues, acquisitive minds have turned to the potential of post-Qaddafi Libya.

Learning from the mistakes of previous conflicts, and with significant resources and a clean bureaucratic slate, the stage is set for what is likely to be an intriguing experiment in hydrocarbon-fuelled capitalism. This will create significant opportunities for foreign investors, particularly those who exercise caution.

The immediate necessity in Libya is a stabilisation of the security situation. While it is uncertain how long this might take, the decision not to pursue an Iraqi-style “de-Baathification” should speed up a resolution.

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