Abstract
Objects: Michael Porter used the term “Value Chain” in his book “Competitive Advantage: Creating and Sustaining Superior Performance” (1985). The value chain analysis describes the activities of Government performs and links them to the institution’s competitive position to create jobs for Liberians, through exports. This case study research analyzes the value chain on natural resources exports in Liberia in the concessions contracts from 1847 to 2015. Methods: During the review period, the researcher has observed that Liberia has been and is currently used as a raw material country that lacks manufacturing within Liberia. Natural resources are produced outside the country. This study recommends exports of natural resources from outside the country to within Liberia, with a future focus on exportation to other end users. The research is significant to more than 5 million people in Liberia, engaging educators who want to learn more about the process and possibilities of bettering the economic condition of Liberia through the value chain and institutionally-based systems that will improve the living and job market condition of Liberia. Results: Seventy-five percent (75%) of the Liberian population will have jobs when the Government puts a value chain system to create jobs. Conclusion: Youth under the age of 25 to 35 will have an excellent opportunity to work and have quality life/living conditions, health care and infrastructure development for the Liberian population. The lack of a value chain has caused 80% of people not to have jobs currently. The future recommendation is put forward to Liberia, which needs a future-thinking. The Government needs Ato to sign quality values chain concessions that will create jobs for its citizens.
Highlights
Natural Resources: Iron Ore, Rubber, Timber, Diamonds, Gold, Tinand sizable deposits of Crude Oil along its Atlantic coast and land.Agriculture: Products—Coffee, Cocoa, Sugarcane, Rice, Cassava, Palm Oil, Bananas, Plantains, Citrus, Pineapple, Sweet Potatoes, Corn, and Vegetables.Industry: Agriculture, Iron Ore, Rubber, Forestry, Diamonds, Gold, Cement, Beverages, Construction.Liberia is rich in natural resources
This study reveals that most gold production takes place in south-eastern Liberia, in Grand Gedeh, River Gee and Sinoe counties; there exits significant activity in the Gold Forest region of Grand Cape Mount County, which is adjacent to the Sierra Leonean border
Natural resource capital is essential for economic development in Liberia
Summary
Natural Resources: Iron Ore, Rubber, Timber, Diamonds, Gold, Tinand sizable deposits of Crude Oil along its Atlantic coast and land. The lack of attention to the internal economic development of Liberia has led to an inefficient allocation of resources that undermine efforts to strengthen state institutions and reduce unemployment of the funds available to invest in essential services to create jobs, such as health, infrastructure, and education. This situation further contributes to infrastructure and other institutions underdevelopment in Liberia. This paper proposes a new approach to managing natural resources in Liberia and identifies the following needs: Pro-poor focus: Given the substantial value-added relationship between growing agricultural productivity and poverty reduction, future efforts in Liberia must focus on productivity-enhancing measures with a pro-poor focus that increase incomes. Liberia needs to make concerted efforts to preserve and consolidate its emerging stability by focusing interventions to ensure food security and poverty alleviation at the community and household levels, thereby improving access to food and generating sustainable activities for employment
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