Why is LIBERIA a shipping POWERHOUSE? – VisualPolitik EN

Liberia is the World’s second largest ship registry—only surpassed by Panama. It is also well known as a fiscal haven for lots of foreign companies—especially those from the shipping industry. But if you thought this should be enough to make this small nation, with less than 5M inhabitants, a rich country… you’d better think again. Liberia is one of the World’s poorest countries, even for African standards.
The story of this country summarizes the worst African malaises: corruption, civil war and even slavery. And all of this is surprising given the close relationship Liberia has with America.
Despite the small recent improvements, Liberia still has a long way to improve and their brand new president, former soccer player George Weah is disappointing everyone—including his voters. Riots are becoming more and more common in the streets of Monrovia, the Liberian capital, and many fear a third civil war.
But why is Liberia doing so bad? Why do they have this fiscal haven status? Why, despite the shipping industry, they cannot step out of poverty? What do we mean when we say they have such a close relationship with America? In this video we will answer to all of these questions.

*Script written by Javier Angulo

Other videos at VisualPolitik:

LOW-COST SCHOOLS, revolutionising education in AFRICA? https://www.youtube.com/watch?v=8xX5yeH6yqQ

Would you buy this MADE IN RWANDA motorcycle? https://www.youtube.com/watch?v=Rt1oIzmrdrE&t=28s

How is AFRICA escaping POVERTY? https://www.youtube.com/watch?v=_vveM22MHkE&t=84s

Interesting links:

https://www.economist.com/middle-east-and-africa/2019/08/10/liberias-economic-crisis-and-corruption-could-lead-to-violence
https://www.bbc.com/news/world-africa-46947032
https://liberiancorporations.com/wp-content/uploads/2015/01/Corporate-Services-2015.pdf
https://www.anave.es/images/tribuna_profesional/2018/tribuna_bia0518.pdf
https://www.loc.gov/collections/maps-of-liberia-1830-to-1870/articles-and-essays/history-of-liberia/
https://thegrio.com/2010/02/01/former-american-slaves-played-oppressive-role-in-liberias-past/

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Liberia is a country in West Africa, bordering Sierra Leone, Guinea and Côte d’Ivoire. On the Atlantic coast, the capital city of Monrovia is home to the Liberia National Museum, with its exhibits on national culture and history. Around Monrovia are palm-lined beaches like Silver and CeCe. Along the coast, beach towns include the port of Buchanan, as well as laid-back Robertsport, known for its strong surf.

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Panama is a country on the isthmus linking Central and South America. The Panama Canal, a famous feat of human engineering, cuts through its center, linking the Atlantic and Pacific oceans to create an essential shipping route. In the capital, Panama City, modern skyscrapers, casinos and nightclubs contrast with colonial buildings in the Casco Viejo district and the rainforest of Natural Metropolitan Park.

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Rwanda, officially the Republic of Rwanda, is a landlocked country in the Great Rift Valley where the African Great Lakes region and East Africa converge. One of the smallest countries on the African mainland, its capital city is Kigali.

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