February 24, 2007


Michael Porter on Libya's Potential: The Harvard professor talks about the country's "dependency economy" and his work to promote reform (Business Week, 2/23/07)

How much support will you get from Muammar Qaddafi?

Qaddafi at some point decided the Libyan people could not live in a country isolated from the rest of the world. And opening up is more in line with his objectives and values.

Qaddafi's Green Book talks about self-reliance and a bottoms-up society. Instead, Libya has grown into a dependency economy. Most people have jobs given by the government. The typical Libyan is paid twice as much in subsidies as salary. Qaddafi made the decision to move in a different direction.

What is Seif, Muammar Qaddafi's son, like?

I have gotten to know Seif quite well. He was a doctoral candidate at the London School of Economics, where he studied with some of the best professors. He's very much oriented toward making Libya a member of the modern world community.

Why are you working with Libya?

I didn't take this on because this is a big economy. It was very important, very symbolic. If this can be successful, then other countries will be able to change.

Provided they have enough Seifs.

Posted by Orrin Judd at February 24, 2007 8:33 AM
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