THE ROLE OF FINANCIAL POLICY IN TREATING THE UNEMPLOYMENT PROBLEM IN THE LIBYAN ECONOMY | ||
| Journal of Environmental Science | ||
| Article 10, Volume 42, Issue 3, June 2018, Pages 211-279 PDF (839.21 K) | ||
| Document Type: Review Article | ||
| DOI: 10.21608/jes.2018.22673 | ||
| Authors | ||
| Mandour, A.1; Al-Mahdy, A.2; Soliman, H. | ||
| 1Faculty of Commerce, Ain Shams University | ||
| 2Faculty of Economics, Beni-Ghzzi University | ||
| Abstract | ||
| Financial policy is one of the most important elements on which the Libyan economy is based, in order to achieve the planned objectives. The possibility of the Libyan economy reflects the success of the overall balance of Libya, as the fiscal policy is a variable and influential factor on the Libyan economy. Unemployment and unemployment are a variable factor. Their impact is reflected on the fixed element that represents the Libyan economy. The descriptive and analytical approach was used. The research was based on obtaining data through the Ministry of Finance and some sectors based on fiscal policy. The study aims to identify the economic conditions in Libya in light of the fiscal policy followed and the correlation with unemployment, The study found that there are several important results, including that there are limited fiscal policy tools on the revenue side of the Libyan economy, the lack of the Libyan economy to the strategic vision, As well as the shortage of trained human resources and skilled labor. The productivity increase was achieved by improving the quality of workers, mobilizing savings, increasing investments, conducting research and development, using technology, administrative development, and government and institutional support. Naturalization - which increases the efficiency of productivity, which requires an increase in employment and thus reduce the phenomenon of unemployment, and work to achieve sustainable development and gradually reduce the dependence on oil as a resource depleted and directing funding and Investments towards activities to diversify the economy with a focus on the establishment of small and medium-sized enterprises as well as tourism, in which Libya has a great advantage, also to develop the process of education and vocational training to increase the productivity of trained labor as well as the development of vocational education and training system for the unemployed - It is no less important than investing in capital in kind. | ||
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