Research paper on Libya Example | Topics and Well Written Essays - 2000 words

On Libya - Research Paper Example The second event which marked the Italian colonialization of Turkey was the development of the Fourth Shore. Mussolini wanted to turn Libya into an Italian province and hence renamed it, Italy’s Fourth Shore. Remaking Libya began with dividing it into four provinces and investing heavily into its transportation infrastructure, irrigation technology and raw material extraction industry. It finally ended with the creation of the Libyan Colonization Society which promoted land reclamation and job creation for Italian settlers. As World War II began, and Italy pledged its allegiance to Germany, Cyrenaican and Tripolitanian leaders announced their support to the Allies led by Sayid Idris. After a tough war, Libya came under the Allied administration, in February 1943, which lasted till 24th December 1951, when Libya became the first country to attain autonomy through the United Nations. Headed by King Idris I, United Kingdom of Libya proclaimed its sovereignty as a constitutional a nd hereditary monarchy. Present Leader: The present president of Libya is Mohammed el-Megarif, who is also the chairman of the General National Congress. Current Political Context: 10 months after overthrowing Muammar Gaddafi’s dictatorial rule, Libya elected its new democratic government in August 2012, which was to be led by Mohammed el-Megarif. While Mohammed el-Megarif represented the National Front Party, in the elections, his opponent Ali Zaidan, was an independent candidate. Both candidates had a lush history of opposing the tyrannical Gaddafi and had been living in exile till his recent death. For the people of Libya who had been wearily waiting for the chaos and turmoil to end, this has come as a cry of relief. For many people, the election process itself has been a liberating experience, having served under a dictatorial leader for so long. The democratically elected government is backed by people’s faith in them and hosts a competent cabinet. Youth who forme d a majority of the voting population, were happy with the election results as they believed that the National Forces Alliance would be able to bring about policy changes in the functioning of Libya. The election results also spoke a great deal about the acceptance of religious ideologies among the general public. The chaos tired citizens chose to stay away from any candidate gunning a religious propaganda and the results promoted a fair and free government. Nonetheless, the government seeks to establish itself in the midst of the ongoing turmoil and in the attempt to ascertain peace and stability; it has to earn people’s respect by providing them security both physical and material, at the same time bring together opposing forces of the militia to build a stronger base. Economics & Art/Culture Sub-Heading: Libya – Holder of largest oil reserves in Africa Currency: Libyan Dinar (LYD) Major Economic Features: Libya holds Africa’s largest oil reserves and hence, i ts major products are crude oil, natural gas and refined petroleum products. The country revolves around its energy sector because poor soil and unsuitable climatic conditions limit the output that is gained from agriculture. According to CIA’s World Factbook, â€Å"95% of export earnings, 80% of GDP, and 99% of government revenue†