Essay on Doing Business in Libya

Essay on Doing Business in Libya

Length: 2668 words (7.6 double-spaced pages)

Rating: Powerful Essays

Open Document

Essay Preview

The country of Libya is located in Northern Africa. Libya shares its boarders with the Mediterranean Sea, as well as the African nations of Egypt, Tunisia, Algeria, Chad, Niger, and Sudan. Libya is composed of 1,759,540 sq. km. The capital is Tripoli. In addition to Tripoli another major city of Libya, the 2nd largest in Libya is Benghazi which gained world recognition in 2012, when the American Embassy was attacked. The history of Libya can be simplified in that over time it has been controlled by foreign countries. Libya was ruled over by the Greeks, Romans and several others. In the 7th century A.D., Libya was conquered by the Arabs. This was a key event, because when Libya was conquered by the Arabs, it adopted Islam, and the Arabic language and still remains to be the dominate language, culture and religion. (Libya background notes)
As of July of 2010, Libya had 6,461,454 people, with an annual growth rate of 2.117%. The GDP per capita is only about $13,400. The majority of the population of Libya lives near the coast. Most of the land is not used with “90% of people living in less than 10% of the land.” (Libya background notes) Prior to 1959, Libya was one of the poorest countries in the world. In 1959, Oil was discovered and helped propel Libya to one of the more wealthy countries in the world. (Libya Political Risk Yearbook: country conditions p 11) Libya uses the Dinar as its currency. Libya’s workforce is made up of 59% of service industry jobs, 24% in industry-commerce, and 17% in agriculture. In Libya, 0% of workers are in unions. (Libya Political Risk Yearbook: Social Indicators p 10)

International Trade
Since the discovery of Oil reserves, Libya has seen some growth and would see more if ...


... middle of paper ...


...r. 2014. Web. 13
Apr. 2014. profiles/libya/selling_and_buying>.

"Libya Trade Brief." (n.d.): n. pag. World Bank. World Trade Indicators, 2010. Web. 13 Apr.
2014. .
"Market Reports/Tariffs." International Trade Administration. OTEXA, 3 May 2011. Web. 13
Apr. 2014.
.

"XE Currency Charts (USD/LYD)." XE.com. XE, 13 Apr. 2014. Web. 13 Apr. 2014.
.

"2013-2014 Worldwide Personal Tax Guide: Libya." The Worldwide Personal Tax Guide. EY, 1
July 2013. Web. 13 Apr. 2014. worldwide-personal-tax-guide---XMLQS?preview&XmlUrl=/ec1mages/taxguides/TGE-
2013/TGE-LY.xml>.


Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay about Saving other countries, but who saves us?

- The conflict in Libya has become a topic of debate in America today due to Muammar Gaddafi’s impetuous outlook on his people and the destruction of the Libyan civilization. Accompanied by his malicious regime he showers terror in the hearts of the Libyan race. The U.S. continuously wants to play the role of world police. It’s not okay to always jump in every time there’s a conflict involving other countries turmoil and violent affairs. The U.S. has its own conflicts in our own countries economy and structure....   [tags: Libya Civilization, America]

Powerful Essays
1099 words (3.1 pages)

Essay about Doing Business in the Chinese Business Culture

- Doing Business in the Chinese Business Culture Doing business in China is on many levels similar to conducting business in many western countries. However, the importance of understanding the local business culture and practices are imperative to ensure success, for your business there. The following points deserve special attention: Dealing with Bureaucracy and Cultivating Relationships Dealing with bureaucracies and cultivating relationships on many levels, will ensure business success in China....   [tags: International Business]

Powerful Essays
1834 words (5.2 pages)

The Key to Doing Business in Japan Essay

- The key to doing business in Japan is establishing strong relationships. According to Haru Yamada, a linguistics professor at the University of Westminster in London and the author of Different Games, Different Rules, “Present yourself as a trustworthy person who is sensitive to Japanese interests. Ask some non-sales related questions about their company. By shifting your focus from the product to the relationship, you will consider it the most interesting part of doing business and don’t consider it an effort at all....   [tags: japanese business, emotional bond]

Powerful Essays
1184 words (3.4 pages)

Doing Business in Italy Essay

- Doing business in Italy is very different than in the United States. “Set to move onto a slow, but steady, path of economic growth;” Italy, at first glance, seems to be a promising business environment with projected increases in GDP per capita in the coming years, according to Business Monitor International (“Italy Autos Report” 30). However, there are many cultural, administrative, geographic and economic differences that make the business environment much different than that in the US....   [tags: International Business]

Powerful Essays
1023 words (2.9 pages)

Essay about Doing Good Business

- Since the motto “Doing Well By Doing Good” appeared, the number of businesses that have adopted it has increased over time. In order to tell whether this increase is substantial and significant we must first analyze the steps into which this motto has gone through. The implications it has on the market and economy as a whole will also be determinants of whether to adopt the motto or not. In the essay below we will go through the evolution of the meaning of the motto, the concept of social responsibility, the supporters’ argument and their cons....   [tags: Business Analysis ]

Powerful Essays
2498 words (7.1 pages)

Essay on Cultual Challanges Of Doing Business

- A major challenge of doing business internationally is to adapt effectively to different cultures. Steve Kafka, an American of Czech origin and a franchiser for Chicago Style Pizza has decided to expand his business to Czech Republic. This is a risky decision and Steve anticipates he will face obstacles as he goes about setting up the new pizza outlet at this new location, Prague. In international management, culture is acquired knowledge that peoples use to interpret experiences and generate social behavior....   [tags: International Business]

Powerful Essays
1906 words (5.4 pages)

Doing Business In Mexico Essay

- To: President, XYZ Corporation From: Foreign Relations Director Date: Subject: Important Info for your Business Trip to Mexico On Thursday, October 20, you'll be taking a one-week business trip to Mexico to meet with our potential clients there. As you have never visited the country before, I have prepared a short report for you on what you will need to know so as not to offend anybody. Business Relationships Mexicans place a good deal amount of emphasis on personal relationships. The key to a successful business trip to Mexico is establishing a close relationship with the client....   [tags: International Business]

Free Essays
1613 words (4.6 pages)

Doing Business In Panama Essay

- DOING BUSINESS IN PANAMA Business Customs & Etiquette Punctuality is appreciated by business people, as is giving your host enough time to plan for your arrival. Thus, you should make appointments at least one week in advance. When you meet with your Panamanian colleagues, a handshake is a normal greeting. Do not rush into a meeting with talk of business right away. Your associates are more likely interested in getting to know you first. The exchange of business cards is important. If it is possible, get them printed in Spanish....   [tags: International Business]

Free Essays
1710 words (4.9 pages)

Doing Business In Mexico Essay

- Executive Summary To be given an opportunity to do business in Mexico, one must understand where to start and how to deal with a totally different social and cultural environment from what one is accustomed to. To succeed in making a good first impression and to carry out any type of business transaction, it is important to understand what these differences are. When conducting business in Mexico, there are specific things that must be understood and complied with. Just understanding how important building a relationship is, such as shaking hands and exchanging pleasantries can have a huge impact....   [tags: International Business Market Analysis]

Powerful Essays
1666 words (4.8 pages)

Doing Business in China Essay

- Doing Business in China How to do Business in China Overview: China remains an untapped market with great growth potential for companies seeking to do business in there. Be aware that the Chinese community is weary of companies entering the country because they believe that most companies are there to make a fast dollar. However, if a western company follows a few simple rules and adheres to some cultural outlines, success in China can be achieved. Culture: Building relationships are crucial in China....   [tags: GCSE Business Marketing Coursework]

Free Essays
416 words (1.2 pages)