Third International Theory
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The Third International Theory refers to the style of Government used in Libya, created by Col. Muammar al-Gaddafi in the early 1970s. It is partly inspired by Islamic socialism and Arab nationalism. The theory proposes an alternative to capitalism and communism for Third World countries, and is based on the belief that both of these ideologies have been proven invalid. The theory relies on the Quran for most of its philosophical foundations. The Higher Council for National Guidance was created to disseminate and implement Qadhafi's Third International Theory also known as the Third Universal Theory.