The Economic Reform Program (ERP) is a new phenomenon in the last two decades that has affected countries such as Libya, Egypt, Tunisia, Jordan and Saudi Arabia, as well as most developing countries. All of them are trying to implement the same program in order to achieve stabilization of their economy. Many of these countries did so because they had to earn enough foreign exchange to protect their currencies. Indeed, many of these countries have begun to transform their economies from socialist, state-owned, to market-oriented economies. The beginning of ERP was the Law 8 for the year 1988 on a number of economic activities, and the Law 9 for the year 1992. However, these laws were not sufficient to motivate the private sector. They only caused a small growth in the services and crafts sectors. More important sectors, as oil sector, stay on hold.
Abdullhamed Ahmed (2019); Economic Effects of Libyas Development Strategy in the Period from 2003 to 2013; International Journal of Scientific and Research Publications (IJSRP)
9(4) (ISSN: 2250-3153), DOI: http://dx.doi.org/10.29322/IJSRP.9.04.2019.p8871