Investigation Of The Relationships Among Strategic Management, The Opening Up Of International Trade, And The Overall Economic Development Within Libya (POST-2000).

Year 2024, Volume: 6 Issue: 1, 1 - 10, 06.06.2024

Khaled A Wershffani

Abstract

This research study employed a rigorous analysis of data to investigate the relationships between strategic management, international trade liberalization, and national growth in Libya. The research objectives were achieved through a comprehensive examination of the collected data, utilizing various statistical techniques.
The initial phase of the analysis involved assessing the reliability of the questionnaire used in the study. Cronbach's Alpha yielded an excellent internal consistency score of \( \alpha = 0.91 \), affirming the reliability of the questions related to strategic management.
Pearson's correlation coefficient was employed to measure the strength and direction of associations between variables. The findings revealed a statistically significant and moderately positive linear relationship (\( r = 0.404 \), p < 0.001) between strategic management and the liberalization of trade in Libya. Moreover, a statistically significant association (\( r = 0.145 \), p = 0.039) was identified between liberalization of trade and national growth, further emphasizing the impact of trade policies on the nation's development.
In summary, this study provides valuable insights into the interplay between strategic management, international trade, and national growth in Libya. The results indicate that strategic management plays a crucial role in shaping trade policies and, consequently, influencing the country's economic growth. These findings have important implications for policymakers and business leaders seeking to enhance Libya's economic prosperity in the context of globalization.

Keywords

Strategic Management, International Trade, Economic Development

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