Topic: Economics of Development
Country: Libya
Delegate Name: Abigail Wheeler
School: Mattawan High School
Topic page: background guide and all position papers All Libya position papers GLIMUN 2015 committees
Libya strongly believes that a country needs a reliable industrial sector. Libya’s manufacturing industries are small, lightly capitalized, and devoted primarily to the processing of local agricultural products such as tanning, canning fruits and vegetables, milling flour, and processing olive oil, and to textiles, building materials, and basic consumer items. The economy of Libya depends primarily upon revenues from the petroleum sector, which contributes practically all export earnings and over half of GDP. Therefore, the rest of the industrial sector needs to be further developed so we aren’t as reliant on petroleum. Libya has developed on services at 42.5% and on industry at 49.9% accounting for the economy. Agriculture is Libya’s weakest sector that needs the most development. It only accounts for a 7.6% of the GDP. Libya is a country with vast areas of desert and dry climate so securing water is an issue that needs to be address. There’s a vital need for water management. Libya can develop new water sources, increase water efficiency, and legislation to protect water supplies. Libya has constructed storage dams to store surface water resources such as flood water. Other countries can learn from Libya’s struggles in agriculture along with their advances in industry and oil production. Other countries can use the techniques that we have used to try and conserve and collect water. All in all, Libya needs to work on developing our agriculture sector in order to make our economy even stronger.
