24 Hrs
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صحيفة الساعة 24
Al-Faytouri Links Instability to Rentier Economy
The economics professor at the University of Benghazi stated that the Libyan economy has shifted to a rentier economy since the start of oil exports in 1961, relying almost entirely on oil revenues. This dependence makes the economy vulnerable to fluctuations in global markets and impacts efforts to diversify income sources and achieve sustainable development.
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