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

Liberia - Essay Example In 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 â€Å" 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 economy 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 â€Å" $14,461.7 billion in the last quarter of 2009† ( bea.gov.) posting a 6.3% increase in GDP. On the contrary, Liberia’s GDP growth rate is as of 2009 was projected at 1.2% ( U.S. Dept. of State, 2010). Liberia’s economy is basically agricultural although it has sizeable 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, Liberia’s president, Ellen Johnson-Sirleaf unveiled the new National and Communication Technologies Policy for Liberia in a conference in its capital, Monrovia. The said convention was sponsored by big names in ICT industry such as Microsoft , Cisco, and Georgia 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 more â€Å"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 ( Peller in,2010