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The Modern Dual Economy—a cost-benefit analysis of Liberia

Published online by Cambridge University Press:  11 November 2008

Robert E. Miller
Affiliation:
School of Business, California State College, Chico, and Peter R. Carter, London, both formerly at the College of Business and Public Administration, University of Liberia, Monrovia

Extract

Even now, in the last third of the twentieth century, the nineteenth-century dual economy still exists, in effect if no longer in name, over much of the developing world. Although nationally independent — in Latin America for the past 100 years, and now in Africa and Asia — many of the developing nations are still economically dominated by their past colonial masters.

Type
Africana
Copyright
Copyright © Cambridge University Press 1972

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References

Page 113 note 1 Cf. Robert Clower, W.et al., Growth Without Development—an economic survey of Liberia (Evanston, 1966),Google Scholar and Liebenow, J. Gus, Liberia— the evolution of privilege (Ithaca, 1969),Google Scholar especially chs.9 and 11.

Page 114 note 1 Source: Department of Planning and Economic Affairs, Government of Liberia, Quarterly Statistical Bulletin (Monrovia), 12 1970.Google Scholar The nomenclature and organisation of this table have been revised to conform to more common terminology and usage.

Page 114 note 2 See Anonsen, Carl, ‘Money and Banking System in Liberia and the Case for a Central Bank’, in U.N. Conference on Development Objectives and Strategy (Monrovia, 1969, mimeo.),Google Scholar and Horton, A. Romeo and Miller, Robert E., ‘The Role of the Central Bank in Liberia's Development Program’, in U.N. Second Conference on Development Objectives and Strategy (Monrovia, 1971, mimeo.).Google Scholar

Page 115 note 1 Liebenow, op. cit. pp. 87, 93, and 183.

Page 115 note 2 Cf. Roberts, T. D.et al., Area Handbook for Liberia (Washington, 1964),Google Scholar and Marinelli, Lawrence A., ‘Liberia's Open-Door Policy’, in The Journal of Modern African Studies (Cambridge), II, 1, 04 1964, pp. 91–8.Google Scholar

Page 116 note 1 Source: Liberian Iron Ore, Ltd., Annual Report, 1969 (Charlottestown, Prince Edward Island, 1970).Google Scholar

Page 117 note 1 Source: Department of Planning and Economic Affairs, National Income of Liberia (Monrovia), 04 and 10 1968,Google Scholar and other unpublished data.

Page 119 note 1 For the overall situation, see Department of Planning and Economic Affairs, Economic Survey of Liberia, 1969 (Monrovia, 1970).Google Scholar