Libya: Peanuts to Prosperity

Two sleek, twin-stacked Yugoslav cruise ships floated at anchor in Tripoli harbor last week, set up as dockside hotels for all comers. Tripoli's landlocked hotels are booked solid for the next three months, and taxicab drivers are taking advantage of the crush of visitors to charge exorbitant sums for short hops around town. On the edge of town, workmen are hammering the last exhibits together for the 30 countries that will be represented at the annual Tripoli International Fair, which opens next week and will attract a record influx of visitors.

Just a few years ago, the idea of selling much...

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