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Manufacturing

The development of modern manufacturing in Liberia began in the mid-1940s. With the exception of the Firestone rubber concession, the economy had been closed to foreign capital until Tu bman enunciated his Open Door Policy in 1944 (see Open Door Policy, ch. 1). Opportunities for investment were limited, however, by the small domestic market, the lack of infrastructure, and the underdeveloped financial system. A decade and a half later, the manufacturing sector still was quite small, consisting of a few scattered industries that produced items such as bricks, cement blocks, tiles, wooden and metal furniture, some daily?use household goods, and articles of clothing. Acetylene and oxygen were bottled, and a few other industrial items were manufactured. Well over 70 percent of the manufacturing establishments were in Monrovia or its environs. Most of them were small, a fact brought out by a 1963 survey in the Monrovia area, which found that more than 86 percent of the manufacturing enterprises had 10 or fewer employees. Of the 779 establishments counted, 407 were operated by one person. Manufacturing employment in modern industries at the time was between 1,500

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