Why Libya Is Not the Next Iraq

Why Libya Is Not the Next Iraq

Regardless of the eccentricities of its leader, and despite the corruption and the secret police, Gaddafi's Libya also had most of the apparatus for government that would be found in a "normal" country. The need here is to heed the lessons of Iraq and not dismantle it at a stroke and then start again from scratch but to take control of it and reform where necessary.

Libya also has a couple of advantages over its revolutionary forerunners, Tunisia and Egypt, which could prove important in the immediate aftermath.

The first is that it has a substantial economic cushion: large oil revenues, a small population (6.5m) and $70bn in its sovereign wealth fund. Unlike Tunisia and Egypt, its tourism potential – Mediterranean beaches and spectacular historical sites – is virtually untapped, so there is room for some relatively easy growth, especially if exiled Libyans start returning in large numbers.

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