Geoeconomic Monetization of Libya's Strategic Location as a Hedging Framework for Managing Interdependence and the Transit Economy under China's Belt and Road Initiative
DOI:
https://doi.org/10.65405/9vxqp729Keywords:
Geoeconomics, Interdependence Management, Transit Economy, Belt and Road Initiative, Strategic Hedging, Maritime Geopolitics, Sovereign GovernanceAbstract
This study aims to present a strategic geo-economic approach to repositioning the Libyan state within the international system, transitioning it from a "rentier state" model vulnerable to geopolitical shocks and the global energy market to a "transit state." The paper discusses how Libya's geopolitics can be repurposed as a geopolitical pivot, linking the Mediterranean region and European interests with the geostrategic depth of Africa (landlocked countries: Niger and Chad). This repositioning leverages international competition, the opportunities presented by China's Belt and Road Initiative (BRI), and regional integration through the African Continental Free Trade Area (AfCFTA). The study employs a descriptive, analytical, and deductive methodology to construct a conceptual framework that connects spatial, structural, and international variables. It also proposes a strategic hedging mechanism to ensure economic diversification and balanced relations with major powers without compromising national sovereignty.
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