The_Open_Door_deel1

XXI
failed to adequately react. Its impact was aggravated by increased
external borrowing by the Government of Liberia, mostly
commercial loans on a short-term basis, which were not invested
in productive capital formation but were used rather to boost
the country's international prestige since most of the money was
spent in hosting the O.A.U. Summit Meeting in 1979. The outcome
of these difficulties will not only be of great interest to the
Liberian people, but also to the foreign investors as they may
affect one of the country's most widely appreciated advantages:
its political stability.