61. Reviving Economic Growth in Liberia
- Author:
- Steve Radelet
- Publication Date:
- 11-2007
- Content Type:
- Working Paper
- Institution:
- Center for Global Development
- Abstract:
- Liberia was decimated by 25 years of gross economic mismanagement and 14 years of brutal civil war. GDP fell by over 90% in less than two decades, one of the largest economic collapses in the world since World War II. This paper explores the challenges in reinvigorating rapid, inclusive, and sustained economic growth in the post-war environment. It stresses the importance of not just reigniting growth, but rebuilding the economy in a way that avoids the substantial income concentration of the past and creates significant economic opportunities to groups that were marginalized and excluded in the past. It examines the new government's progress so far, including the major steps it has taken in its first 18 months and the unique way that it has organized government-donor relations.
- Topic:
- Development, Government, International Cooperation, and International Political Economy
- Political Geography:
- Africa and Liberia