Timber Booms, State Busts: The political economy of Liberian timber
Open Access
- 1 September 2004
- journal article
- other
- Published by Berghahn Books
- Vol. 31 (101), 441-456
- https://doi.org/10.1080/0305624042000295530
Abstract
This article places the political economy of Liberian timber in the context of the theory of state failure. It explores the relationship between private investment, state failure and war, highlighting how Charles Taylor exploited timber concessions to foreign firms as a proxy for effective state institutions in Liberia. It examines the reasons why foreign investment – particularly in Liberia's timber industry – prolonged the civil war and destroyed the country's formal economy. And it challenges the neo-liberal assumption that increased economic activity provides incentives for rulers to build stable institutions and to provide security to investors. Neo-liberal prescriptions coupled with a changing global economy produced no incentive for Charles Taylor, a faction leader from 1989 and Liberia's president from 1997 until exile in 2003, to attempt to develop state institutions or to prevent the collapse of the formal economy.This publication has 3 references indexed in Scilit:
- What Do We Know about Natural Resources and Civil War?Journal of Peace Research, 2004
- Military Patrimonialism and Child Soldier Clientalism in the Liberian and Sierra Leonean Civil WarsAfrican Studies Review, 2003
- The C.I.A. in Africa: How Central? How Intelligent?The Journal of Modern African Studies, 1976