Posted: 18 Apr 2012

See all articles by Eric Werker

Eric Werker

Harvard Business School

Jasmina Beganovic

Harvard University - Harvard Kennedy School (HKS)

Date Written: February 13, 2012


From 1989-2003 civil war raged in Liberia, causing GDP per capita to drop an unprecedented 90 percent from peak to trough. The roots of Liberia's conflict and economic decline are complex and intertwined, resting on over a century of discriminatory elite rule and twisted by ethnic politics during a military dictatorship. By late 2011, eight years of post-conflict government have restored basic order, re-opened the country to foreign investors, and jump-started the small economy. But the country's business model may unsettle its political stability. As Africa's first democratically elected female head of state and Nobel peace prize winner Ellen Johnson Sirleaf goes into her reelection campaign, she must decide how to keep the country on its fragile but quick recovery, sowing the seeds for peace and prosperity rather than renewed conflict.

Suggested Citation

Werker, Eric and Beganovic, Jasmina, Liberia (February 13, 2012). Harvard Business School BGIE Unit Case No. 712-011. Available at SSRN:

Eric Werker (Contact Author)

Harvard Business School ( email )

Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States

Jasmina Beganovic

Harvard University - Harvard Kennedy School (HKS) ( email )

79 John F. Kennedy Street
Cambridge, MA 02138
United States

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