Michael Porter's Report To The Libyan Government
On Thursday, 9 February, 2006, Libya received a blueprint for its integration into the world economy from a U.S. free-market economist, a former adviser to late president Ronald Reagan.
Harvard Business School economist Michael Porter, who served under Reagan at a time of high tension and conflict between the two nations, presented a 200-page document in Tripoli later Thursday.
The document which envisages a Libya that by 2019, the 50th anniversary of Qadhafi's seizure of power in a military coup, has "one of the fastest rates of business formation in the world."
It also foresees a Libya which is a regional leader contributing to the "wealth and stability of surrounding nations."
Despite its moves to bring back major foreign oil companies and begin financial reform, the country is still burdened by bureaucracy.
"The problem is they are trying to construct a Davos-style agenda for the new Libya while at the same time trying to make it fit key elements of the existing Libyan system," said Jon Marks, a north Africa expert and publisher of African Energy. (FT/AFP)