The_Open_Door_deel1

Year
1973
1974
1975
1976
1977
1978
1979
Exports
324.0
400.0
394.4
457.1
447.4
486.4
536.6
-432-
TABLE 68
EXPORTS AND IMPORTS AS A
PERCENTAGE OF G.D.P. 1973 - 1979
( in millions of U.S. dollars)
Imports
193.5
288.4
331.2
399.2
463,5
480.8
506.5
G.D.P. 1
375.2
459.7
559.1
568.6
633.2
670.0
750.0
Note: '
(1) G.D.P. at factor costs (current prices)
Exports
as a % of
G.D.Pi
86
87
71
80
71
73
72
Source:
- Author's research based on Annexes 41 and 47.
Imports
as a % of
G.D.P.
52
63
59
70
73
72
67
The 1977 Employers Directory published by the National Social
Security and Welfare Corporation, a public institution, gave as
the total of employed people in the manufacturing sector less
than half of them: 3,007 people. Of these, 2,973 worked in 71
establishments employing 5 or more persons and 34 i n establishments
of 4 employees or less (17). Understandably, the reliability
of the latter document leaves much to be desired since the
nature of the Corporation's investigation laying at the base of
the publication was to prepare an accurate and up-to-date listing
of employers,who were eligible for coverage under the proposed
Social Security Scheme, i.e. employers employing a minimum of
five employees (18). Unfortunately, no other detailed information
with respect to the employment in the manufacturing industry was
available,
There existed a heavy concentration of manufacturing activities
in Montserrado County. In this county 2,834 people worked in 75
establishments in this sector of the monetary economy of which
,only 9 companies already provided work for nearly 60$ of the
employees, i.e. 1,675 people (19). These companies were:
- C.F. Wilhelm Jentzen: Manufacture and import of furniture;
114 employees; operating without a concession agreement.
- Edward Nassar Company: Manufacture of biscuits; 166 employees;
operating without a concession agreement.
- Liberia Cement Company: Producing cement; 116 employees; operating
under a concession agreement dating from 1966; owned