Political Stability and Ways to Succeed Economic Diplomacy: An Analytical Study of the Libyan Reality

Abstract

This study examines the impact of political stability in Libya on its economic diplomacy. Political stability is a cornerstone of successful economic diplomacy and a key component of the domestic factors upon which states base their foreign policy priorities, particularly with regard to attracting foreign investment, gaining international acceptance, and establishing economic or political partnerships. Accordingly, economic diplomacy is considered a modern tool used by states and international and regional bodies to implement their foreign policy. Due to the political turmoil in Libya, this has negatively affected its ability to employ economic diplomacy to achieve political gains, whether regional or international. Therefore, the lack of political stability was a major reason for foreign countries interfering in Libyan internal affairs and exploiting its resources by proxy to achieve economic pressures that serve the interests of those countries, as happened with Turkey in the Mediterranean basin after the signing of the maritime border demarcation agreement with Libya.