economic developement, Liberia case study

why is Liberia interesting?

one of the worlds poorest countries

what natural rescourses does Liberia have? 3 and when did they decline

iron ore

rubbe

dimonds

most of their natural comodities remain untapped

during the 1990’s civil war, many investors fled Liberias wartime economy

effects of the Liberian civil war

1. lead many to be without food or water for 15 years

2. infrastructure callapse

3. looting

despite Liberias current state what advantages dos it have?

1. location

2. natural resources

what is Liberias unemployment rate, what industry are the majority of workers in

1. informal sector

2. for young people 15-24%

what is the rate of interest and why is that a probelm

high interets rates of upwards of 13%

cost of borrowing increases for consumers and firms. low investmnet, low productive efficiency, productivuty

recent figures 2

economic growth around 4 percent in 2024

IMF aproved 200 mil arrangment to advance private sector