The Private Sector in Libya and Its Role in Promoting Local Economic Development: A Case Study of Sebha Municipality
Abstract
This study aims to identify the reality of the private sector in Libya and the extent of its contribution to the local economic development in Sebha Municipality. It combines the descriptive, analytical, and historical approaches. The study found that the number of private sector institutions in Sebha has increased significantly during the study period, but the local tax revenues have fluctuated during the same period. The private education in Sebha has witnessed a remarkable development not only in terms of the number of schools, the number of attended students, or the provision of job opportunities to the local citizens, but also in that the annual growth rate of students attending private schools exceeds that of public schools. The study also found that the private sector in Sebha Municipality faces many overlapping challenges and obstacles that limit its growth and development. The most prominent of these obstacles are tribal conflicts and the worsening of the security situation, the absence of political stability, and lack of funding in all of its forms, which negatively affected the local development in the municipality despite the potential resources owned by the municipality. The study recommends the need to create a stable social, political, and security environment that contributes to the growth of the private sector, which in turn contributes to advancing development within the municipality.
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