A Systematic Literature Review on Export Performance of Libya with Selected Asian Nations
Keywords:
Libya's export performance, Systematic literature review, Asian counterparts, Economic growth.Abstract
The comprehensive analysis of the literature investigates and evaluates Libya's export performance in relation to its commerce with a few Asian countries. The study's objective is to combine and assess previously published academic studies in order to pinpoint the opportunities, obstacles, and trends that have influenced Libya's export environment in its dealings with Asian nations. A thorough search technique is used in the review, covering academic databases, scholarly papers, policy reports, and other pertinent literature. The analysis takes into account a number of elements that affect Libya's export performance, such as trade agreements, economic policies, geopolitical dynamics, market diversification tactics, and the influence of socioeconomic variables. Furthermore, the research looks into how Libya's export dynamics with Asian countries are affected by industries including manufacturing, oil and gas, agriculture, and rising sectors. Important conclusions draw attention to the significance of past trade trends, variations in the price of commodities globally, political unpredictability, and regulatory frameworks as crucial factors influencing Libya's export connections with Asian peers. The review also clarifies the effects of infrastructure development, technology breakthroughs, and the possibility of increased trade cooperation leading to reciprocal economic progress. Policymakers, scholars, and business stakeholders who wish to comprehend the delicacies and complexity of Libya's export performance in comparison to Asian countries will benefit greatly from the synthesis of literature. It also points out gaps in the literature and offers directions for future research to help develop a more sophisticated knowledge of this changing economic connection.
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