Abstract
Prior to the discovery of rich oil deposits, Libyan development prospects seemed markedly discouraging. In a primarily agricultural economy, cultivation was narrowly confined to two physically separated coastal belts constituting less than 3 per cent of the country's total land area. Under the combined influence of outmoded techniques and the hostility of an arid soil, agricultural productivity was low. Possibilities for developing other forms of economic activity were few and unpromising. Libya seemed destined for an existence of continued dependence upon foreign assistance.
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