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-45-<br />

<strong>The</strong> British and French absence in post-war Liberia is remarkable.<br />

A very attractive investment climate did not change this. <strong>The</strong><br />

situation is partly to be explained - until the 1960's - by these<br />

countries' financial and economic, as well as political,<br />

involvement in vast areas of Africa. Thus, Investors from these<br />

countries benefited from the political protection which the<br />

colonial system provided. After the "wave of independence" of the<br />

196o's this situation on the whole did not change fundamentally<br />

as in most cases this independence had a political rather than an<br />

economic character. Liberia's main investment and trading<br />

partners after Nr. 1 (the U.S.A.) became, eventually, Germany and<br />

Sweden,<br />

This limited effectiveness of the "<strong>Open</strong> <strong>Door</strong> Policy" - designed<br />

to attract investors from all over the world - is to a lesser<br />

extent due to the fact that in Liberia the <strong>Door</strong> was not wide open<br />

for foreign investors than to the fact that those for whom the<br />

<strong>Open</strong> <strong>Door</strong> Policy was meant did not make full and optimum use of<br />

it. It should be mentioned here, however, that the Liberian'<br />

Government conducted a selective <strong>Open</strong> <strong>Door</strong> Policy - a<br />

contradiction which reveals a basic policy of the elite in power<br />

in Liberia and to some extent detracts from the sincerity of this<br />

Government to develop the country. Simultaneously it points to<br />

an important effect of the activities of the foreign investors<br />

whose presence was encouraged. <strong>The</strong>se investors contributed<br />

significantly to a continuation of the position of authority of<br />

the country's elite. Excluded by the Liberian Constitution to<br />

become citizens of the*Republic, white investors were not able<br />

to get involved in internal politics of the country. Black<br />

investors of neighbouring countries, eligible for citizenship,<br />

did have this possibility, and the Liberian Government - always<br />

dominated by Americo-Liberians - feared of becoming an unimportant<br />

minority in the country they and their ancestors, had created.<br />

Such a situation would be far from Imaginary once the political<br />

and economic power of the African triban population would be left<br />

free to develop. This explains the discrimination of foreign black<br />

(African, not black American) investors. President Tubman did not<br />

allow investment incentives to be given to the numerous black<br />

entrpeneurs from neighbouring countries. <strong>The</strong>y all had to pay<br />

import duties when importing the necessary equipment. <strong>The</strong>y were<br />

never granted tax holidays. Virtually unlimited control over large<br />

areas was never given to them. <strong>The</strong> Tubman Administration aimed at<br />

"the European trader" as already in 1904 President Arthur Barclay<br />

had done. Despite the foregoing, the end of the "century of<br />

survival" gave way to an era of "internal economic development",<br />

a goal which already in 1870 had been cherished by Liberia's<br />

leaders. Whereas in that period the internal struggle was won by<br />

the advocates of a "Closed <strong>Door</strong> Policy", the supporters of an<br />

"<strong>Open</strong> <strong>Door</strong> Policy" were more or less firmly in power in the second<br />

half of the twentieth century, a fact which is amply illustrated<br />

by President Tubman's remaining in power for 27 years.

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