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CHAPTER 9: THE FORESTRY SECTOR Page
THE LOGGING COMPANIES 259
Introduction 259
Surveys of Liberia's Forest Potential 261
Forestry Policy 262
Administration of the Forestry Sector 266
Timber Concession Policy 269
Some Early Attempts to Exploit the Timber Resources 269
Timber Production under the Tubman Administration 270
Failing Administration Capacity and Performance
during the Tolbert Administration 272
Attempts to Establish a National Wood Processing
Industry 277
Timber Exports 278
Government Revenues from the Forestry Sector 281
Stumpage Fee Policy 282
The Timber Companies 284
An Example of the Complexity of the Forestry Sector 288
Conflicts of Interest and Liberian Internal Politics 290
CHAPTER 10: FISCAL PERFORMANCE versus
DEVELOPMENT PLANNING 295
Introduction 295
THE 1928 - 1963 PERIOD 297
The Impact of the International Economic Recession;
The 1930's 297
Political Independence - Financial Dependence
on Firestone 303
The 1946 - 1950 Development Plan 305
Government Revenues 1941 - 1962 309
The Trend of Public Expenditures During This Period 315
The 1963 Financial Crisis 318
Public Foreign Assistance 320
THE 1963 - 1978 PERIOD 327
Revenue Performance 327
Development Planning and Expenditure Patterns:
The 1967 - 1970 Development Plan 337
The 1976 - 1980 Development Plan 341
Structure and Trend of Expenditures During the 1970's 349
Foreign Funds and the External Debt 355
U.S. Assistance 356
Conclusions 358
CHAPTER 11: THE TRANSFER OF TECHNOLOGY AND THE
TRAINING AND EDUCATION OF MANPOWER
1900 - 1979 360
Introduction 360
The Transfer of Technology and the Industrial
and/or Technological Cooperation Between the
Foreign Investors and the Host Country 362
The Recruitment Policy of the Foreign Companies
and the Liberianisation of their Staff 366
Education: Historical Background 370