Transition Economies, Typology, and Models, the Case of Libya

Abderahman Efhialelbum
The University of Western Australia

Abstract

The period since the collapse of the former Soviet Union in December 1985, and the fall of the Berlin Wall on November 9, 1989, has seen a major change in the economies and labour markets of Eastern Europe. The events also had reverberating effects across Asia and South America and parts of Africa, including Libya. This article examines the typologies and the models of transition economies. Also, it sheds light on the Libyan transition in particular, and the impact of Qadhafi’s regime on the transition process. Finally, it illustrates how the Libyan transition process followed the trajectory of other countries using economic indicators such as free trade, property rights, and inflation.

Presentation