Leading Economic Growth and Structural Change in Liberia: A Lewisian Perspective

Abstract

The suggestions and propositions advanced in this paper are the outcome of empirical observation, review of the relevant literature and critical reflection. Thus, the paper is a product of reflection on a cluster of economic themes and concepts associated with the principles, structure and content of economic growth and development. The economic themes and concepts discussed here dovetail with deeply-rooted convictions held by the economist Arthur Lewis that behavior and institutions are crucial to determining the rate and nature of economic growth. This notion is augmented by the proposition that culture, development and institutions are also invariably, interconnected. It is also buttressed by the recognition that in Liberia, new attitudes and leadership paradigms constitute necessary conditions for economic growth and development.

Keywords: economic growth, development, institutions, investments, ethical leadership