Hurry please: Libya’s primary economic influence was those in control of the type of economy for the country in 2-3 sentences compare the historic economy of Libya with more recent history’s market economy

Comparing the economic history of Libya:

In 1951, at independence, Libya was the poorest independent country on earth. Libya had per capita annual income of USD 35. 8 years later, oil was discovered (1959 precisely), and exports began in 1961. Libya was already producing 1.22 million barrels a day in 1965 and it rose to 3.1 million in 1969. This led to a rapid increase in the revenue of Libya boosting the economy. In a short while, Libya became one of the fastest-growing economies in the world.

According to the prediction of World Bank in 2019, Libya could only manage to produce a daily average of 1 million barrel by the end of 2019 and keep a steady production around at that level over the next couple of years. In 2020, GDP growth will be negative (minus 0.6%) and begin to stabilize around 1.4% over 2021-22.

It will result in a GDP per capita at 61% of its 2010 level.

the great wall of china worked as a defense for the feudal states of the zhou dynasty to the north. during the warring states period more walls were put up to defend the borders of the different kingdoms. it was semi successful because despite the wall, the mongols eventually conquered china also the great wall provided protection to the economic development and cultural progress, safeguarded the trading routes such as the silk road, and secured transmission of information and transportation. @jayxboof

mexico south america

explanation: