Liberia's Open-Door Policy

Abstract

Although Liberia is the oldest African republic, its economy is still young and growing. The road of independence has been uphill, lonely, and difficult. During Liberia's early decades of independence, the British and French were antagonistic towards what they considered a threat to their colonial ambitions as well as a refutation of the assumption that the black African was incapable of self-government. Across the Atlantic, Liberia's unofficial mother country, the United States, was still in the isolationist period of its history; its gestures of friendship were few and cautious. Nor did Liberia have easy-term foreign aid programmes to provide quick remedies for financial crises. Pleas for aid fell upon the cars of unsympathetic bankers. For the first 80 years or more, each of Liberia's several loans was used to repay the last. The battle was for survival, leaving little opportunity for development.