Saturday, March 3, 2007

Michael Porter goes to Cyrenaica

It seems Michael Porter is now advising Col. Muammar el-Qaddafi on how to revamp the Libyan economy;

"The government hired the Monitor Group, a consulting business based in Cambridge, Mass., to assess the economy and chart a path forward. Challenges were found in every sector.

The consultants are here as guests of the nascent reform movement, and they appeared at a conference last week organized by Colonel Qaddafi’s son Seif el-Islam el-Qaddafi, the main force behind the drive to retool the economy...

“We have to create a process of improving everything,” Prof. Michael Porter of Harvard, an expert on competitiveness who has helped plan economic reform efforts here, said carefully at the conference. “It won’t happen overnight. It will take years.”

Professor Porter added that the principles behind the Qaddafi philosophy were compatible with a competitive economy.


This is how the relationship started;

"More than five years ago, I was visited by Omran Bukhres [now the head of the Libyan Economic Development Board] who said: "The Qaddafi family needs your help." It wasn't legal for Americans to go to Libya, so I met Seif in London. After several dinners I became convinced he was really committed to the reform process."


But the real question in much of the Arab world is the following;

Do you think we can create social and economic prosperity without political reform?” Ahmed Shebani, a local businessman, asked at an economic conference last week.


Related;
Libya - country economic report, World Bank
Libya links from Columbia
Qaddafi Heralds a Changing Libya, but Within Limits
New blueprint for overhaul of Libyan economy
Lessons of Libya: War isn't always Necessary
The Socialist People’s Libyan Arab Jamahiriya: Selected Issue
Sustaining Gains in Poverty Reduction and Human Development in the Middle East and North Africa
Fossilised Curriculum Built on Fossil Fuels

Libya: Development Prospects and Challenges
The Closing of the Arabian Mind, featuring Raja Kamal

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