Liberia Essay Example | Topics and Well Written Essays - 500 words

Liberia - Essay ExampleIn fact, even African slaves from other parts of Africa were also sent here instead of their place of origin. Until today, Liberia is assisted by the U.S. as evidenced by the fact that The U.S. Agency for International Development (USAID) implements the U.S. Governments development assistance program in Liberia, the second-largest USAID development program in Africa (Liberia, state.gov).The economic system of Liberia. The GDP of Liberia according to 2008 estimate totals to $1.471 billion or $379.9 per capita ( IMF , 2009). On the other hand, U.S. has a GDP of $14,461.7 billion in the last quarter of 2009 ( bea.gov.) posting a 6.3% increase in GDP. On the contrary, Liberias GDP growth rate is as of 2009 was projected at 1.2% ( U.S. Dept. of State, 2010). Liberias economy is basically agricultural although it has tidy resources of iron ore and rubber. In fact, rubber is one of its biggest exports which is followed by timber ( Bateman, et.al, 2000).Liberia has good prospects in advancement when it comes to technology. In 2007, Liberias president, Ellen Johnson-Sirleaf unveiled the new National and intercourse Technologies Policy for Liberia in a conference in its capital, Monrovia. The s economic aid convention was sponsored by big names in ICT industry such as Microsoft , Cisco, and gallium Institute of Technology that sponsored the two national facilities a community-based PC laboratory and a multi-media laboratory ( Webwire,2007). Analyzing from this events , Liberia is heavily dependent on foreign investment and aid from the U.S. While Liberia is continuously developing ICT, U.S. is on the wake of finding solutions to curb its greenhouse gas emissions. Its technological development is now geared towards finding to a greater extent environment-friendly sources of energy similar to the thrust of the United Kingdom. In fact, one the U.S. hottest pursuits now is searching for bio-fuels for a cleaner future as reported ( Pellerin,2010