Lessons from foreign investments in Liberia

Conclusion 1:
Lack of technical and managerial skills


  • Supply-oriented companies reluctant to transfer technology.
    The foreign investors could have contributed substantially more to the growth and development of the Liberian economy than they actually did.
  • Lip-service to the 'Liberianization policy'
    Since the number of Liberians with a good education, often obtained abroad, was increasing and since the already overpopulated ministries could no longer absorb those who had returned from abroad after successfully completing their studies, there was a need to find well paid jobs for these relatives, friends and political allies of those in power. This, in fact, formed the basis of the 'Liberianization' policy which in 1973 was introduced by President William Tolbert.









Lessons from
foreign investments
in Liberia



fpm van der kraaij