London (CNN) - Deposed Libyan leader Moammar Gadhafi’s death injects fresh impetus into Libya’s move toward a stable economic and political influence in the region, but the transition remains difficult, according to regional experts.
The export-led country’s huge oil reserves, the largest in Africa, are a key resource to assist the country’s recovery, but a return to prewar output will be slow and complicated. According to the International Monetary Fund, oil has accounted for more than 95% of export earnings and 75% of government receipts in 2010.
If properly managed, they could contribute to the country’s long term prosperity, according to Edward Djerejian, the founding director of the Baker Institute for Public Policy at Rice University. And under Libya's new leadership, the National Transitional Council, there are hopes oil capacity – over time – will increase, helping push down global prices.
London (CNN) – Where do you draw the line between your professional and working life? It is the eternal unanswered question for ambitious people, but it was tested to its limits yesterday in Paris – a case study par excellence.
Just to put this in context: the world economy isn’t quite on its knees, but it’s heading that way. A collapse in the world economy would cause untold damage to millions of people, disproportionately affecting the most vulnerable.
What could tip the balance is a collapse of the eurozone, something world leaders are working to prevent. There are two people who matter more than most in these discussions and they are the leaders of France and Germany– the two most powerful eurozone economies and its main political backers.
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