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    Under some rather undemocratic..., 2004-01-05 12:02:06 | Main | the lofty pinnacles of conservative journalism..., 2004-01-08 12:59:47

    Prior attempts to coerce Libya had proven ineffective: U.S. air strikes in 1986 only enhanced Qaddafi's domestic power and led to his lionization in the developing world. But the U.N. sanctions -- particularly the prohibition on the sale of oil equipment and technology and a ban on financial transfers -- hit Qaddafi where it hurt the most, undermining his government's ability to extract and export its main source of revenue. Libya estimates that the sanctions have deprived its economy of $33 billion, whereas the World Bank puts the damage at the lower but still daunting sum of $18 billion. Whatever their actual cost, the basic efficacy of the sanctions demonstrated Libya's special vulnerability to such multilateral coercion. Libya's economic vitality and its government's popularity depend on access to international petroleum markets. Thus the same resource that gave Qaddafi the power to upset the international order also let the world community undermine him.


:: posted by buermann @ 2004-01-07 13:18:22 CST | link





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