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Reviving Economic Growth in Liberia - Working Paper 133

11/26/07

In this new CGD working paper, CGD senior fellow Steve Radelet explores the challenges Liberia faces in revitalizing economic growth after 25 years of gross economic mismanagement and 14 years of brutal civil war. He examines the new government's progress, including the major steps it has taken in its first 18 months and the unique way that it has organized government-donor relations. Based upon patterns of post-conflict recovery in several other African countries, he suggests that Liberia's recovery is likely to proceed in three phases: an immediate phase driven by aid and rebounding urban services; renewal of traditional natural resource-based activities; and, finally, processed products and other goods and services that can compete on global markets. Radelet writes from a unique perspective: he is serving as an advisor to Liberian president Ellen Johnson Sirleaf.

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