Cultural Business Analysis: Libya

In: Business and Management

Submitted By jgolden28
Words 3657
Pages 15
Introduction Currently, Libya is making headlines in news globally on matters concerning political leadership and its roles on the growth of the economy. However, it has been ranged as one of the important Arab countries in domination of the world market and Muslim culture which cannot be understated. The story of the Libya as well as that of its people is quite remarkable. In the globalization era, the present questions regard the ability to economically capitalize on growth treads in Libya. The security and stabilization issues have for a long time plugged in this nation, and with the current tread, there is little possibility of these issues fading away any time soon. Considering the current political tread in Libya of fighting towards democracy, one is left with a big question of whether this nation is ended to a better cultural relationship with the world as far as business relationship with the world is concerned.

This essay is divided into various sections which include among others the political and economic issues in Libya, the Libya business culture, the practical strategies involved in establishing or doing business in Libya together with pros and cons of doing business in Libya. The conclusion to this essay is based on a summary of the findings that are highlighted in the analysis.

The current political and economic issues in Libya

The political system in Libya is in theory based on the Qadhafi’s green book political philosophy. In this book, the Islamic and socialist theories are combined while at the same time the democracy in politics is rejected. This country has remained under de facto leadership of a sole leader in which he has been able to exercise strong political power under the support from the some trusted advisor; who has included his Sirte region home base, lying between the political centers of power found in Tripoli and…...

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