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Liberian Production and Export of Rubber and Economic Growth - Term Paper Example

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Name: Course: Tutor: Date: Liberian production and export of rubber and economic growth Liberia has previously faced over 25 years of civil unrest and economic mismanagement. Over 270,000 of the population were killed, and over 500,000 were forced to flee their homes as either internally displaced persons or refugees in neighboring countries…
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Liberian Production and Export of Rubber and Economic Growth
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Download file to see previous pages Economic and productive activities collapsed as looting and vandalism became the norm. GDP and GNP fell by over 90% in less than two decades (Radalach). This was reversed by the inception of Ellen Johnson Sir leaf as the President in January 2006.Since then the country has been in peace and great achievements have been made in the economic recovery especially in the agricultural sector, mining industries, infrastructural growth and education among others. Agriculture has been the biggest sector in the economy of Liberia with rubber being the main cash crop for export. The current government has introduced policies to foster peace, launch reconstruction and development, and build strong systems for governance and democracy. (Daft) The most important issues for Liberia’s continued growth and prosperity and unity for peace is through the establishment of the foundation for rapid, inclusive, and sustainable economic growth. The government has established the implementation of policies plan aimed at both political stability and inclusive economic recovery that are mutually reinforcing, and that to sustain development over time, it has embarked on rebuilding institutions and physical infrastructure and invest in human capacity through strong health and education programs. Its initial strategy following the inauguration was articulated in its “First 150-Day Action Plan,” describing the steps that both the government and the donor community would participate in during the period from January and June 2006. This was coupled with the development of an Interim Poverty Reduction Strategy, this was finalized in 2007 and its purpose was to cover the period from late 2006 through mid-2008. The government is furthering this by working on the modalities of poverty reduction strategies that covered the period between 2008 and 2010. All three of these strategies are organized around a framework with four basic pillars. • Expanding peace and security. • Revitalizing economic activity • Strengthening governance and the rule of law • Rebuilding infrastructure and providing basic services The governments financial situation and limited personnel been has increased the governments need for the international support since the international community would play a big role in Liberia’s reconstruction through resource mobilization and manpower for the growth of the country. As a result the government at an early stage has introduced mechanism to closely monitor the donor activities. The new Liberian government is working on a different model that ensures effective coordination and consistent approaches both between the government and the donors and across government agencies. It is establishing a structure in which the decisions are made by a small group, chaired by the government rather than a donor that could execute decisions more quickly and easily. It also wants an administrative structure that is consistent with the substantive structure of growth and development of agriculture and other pillars of the economy. The government is working to involve the entire population so that the country’s population is involved in the employment of youths to avoid the return of Liberia’s conflict as a result of political and economic exclusion of large segments of society that characterized the countries previous unrests. Land and property ...Download file to see next pagesRead More
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