Economics of Haiti

The main purpose of this essay is to examine the current economic development and the future economy of Haiti. Haiti has ranked #1 as the poorest country in the Americas consecutively for the past decade. It has experienced a lot of political violence throughout history. Some events that have left an indelible mark are the colonization and the 2010 earthquake. The Republic of Haiti is located in the Caribbean neighboring the Dominican Republic. Haiti has also encountered rivalry with its neighboring countries such as the Dominican Republic. The official languages spoken in the nation are French and Creole. There are several other languages spoken in different parts of the country. Haiti was first independent nation in Latin America that gained

Illness and disease along with poverty still plague Haiti today. The effort to try and recover from the most recent earthquake tragedy has Haitians concerned. The conditions that they have endured in the past just to survive are worse than the conditions brought on by the earthquake. Some Haitian natives feel the Government is moving a bit slow in cleaning up and getting

The Republic of Haiti has a unique and vibrant culture. It was once hailed as the "Pearl of the Antilles" for being the wealthiest colony in the world. This small Latin American island tells a story of slaves enduring resistance to the some of the most dominant forces abroad. In 1804, Haiti became the first free black republic and the second post-colonial country in the Americas. However, the days of being the wealthiest colony have since passed. Haiti is now considered to be the most impoverished country in the western hemisphere. The proud history of this country is overshadowed by alarming rates of poverty, violence, and inequality. This island nation’s government has been plagued with numerous military staged coups and misfortunes. I

In order to understand Haiti we must first put ourselves in their shoes. At one stage or another, every man, woman, or child will be faced with at least one issue that is now happening in Haiti. The issues involving Haiti has been a popular topic for the past two years. Since January twelfth two-thousand and ten. There are many factors which influenced the development of Haiti. Many people have abandoned Haiti over the past years. They have also given up hope for Haiti. Haiti is heralded by economic issues both political and social, foreign issues, military issues (minustah), presidential issues, and the recent earthquake. I plan to explain each of these factors in detail and give

Haiti Now was founded in 2010 by Alex Lizzappi. A successful Miami businessman today, Alex’s childhood was a very different story. His desire to help the Restavek children of Haiti is a reflection of his own life experiences and his understanding of how a child without a social network and social net worth can be left behind, regardless of their intelligence or potential.

A majority of Haiti’s economy relies on foreign aid, with over half of its annual budget coming from outside sources. In 2010 a 7.0 magnitude earthquake hit Haiti which inflicted $7.8 billion in damage which caused the GDP to contract by 5.4%. Foreign aid skyrocketed and about $13.5 billion in donations and pledges flooded in with 75% of them coming from donor nations and the other 25% coming from private charities or organizations. Even 5 years after the earthquake, the situation hasn’t improved. Haitians are still dependent on foreign donations to live. The heavy dependence on donations makes up for Haiti’s low participation in the global economy, which is also negative. Besides the foreign aid, Haiti exports very few products -- with annual exports that are about a third of Jamaica's exports. The United States, a country that has trade

The national population is continuing to increase at a 1.17% growth rate, which appears small, but consider that most developed countries have negative population growth rates. This is caused by two main factors; continuous births in a state that cannot support them, and the deportation of Haitians from the Dominican Republic, who’s population is decreasing. More than that, Haiti still lies in ruins following the 2010 earthquake, which, as previously mentioned, leaves a large percentage of the population without shelter, food, or work. Even worse is that Haiti’s economic status is continually deteriorating, caused by the previous two factors; population growth and geographic destruction. For that matter it is not helping the global economy at all, as a developed country would. Data shows that Haiti is truly the most under-developed country in the Western Hemisphere. This is due to the fact that it “is the most densely populated country in the Western Hemisphere” (Aronson 1), the fact that it is the poorest country in the Western Hemisphere and has the least income per person, the fact that it does not have nearly enough food, shelter, clothing, water, or work for all of its people. With that, Haiti shows no signs of improvement in the near future, as it has nothing to build up

Haiti is one of the more indigent countries in the world; the country also holds a low economic status. Over time Haiti’s economy grew gradually at around 2.3

Haiti was once the first black independent republic in the world and the richest island in the Caribbean. Today Haiti is the poorest country in the Western Hemisphere and one of the poorest countries in the world. What could have happened to Haiti in almost two hundred years of history? The country experienced repeated civil war and foreign intervention. Haiti is not isolated from the international world. Thus, it was not out of concern for ordinary Haitians that the United States intervened in Haiti. It was out of concern for profit and stability within the United States' own backyard. The purpose of this paper is to show the negative aspect that the United States had played in the government of Haiti.

Poverty was an economic factor that greatly influenced how the earthquake affected the population. In Haiti, 80% of the population was under the poverty line. ⅔ of Labor force employees relied on agriculture and due to high unemployment levels, many did not have a job and the population owned an average of under $2 a day. During the earthquake, Haiti’s agricultural industries were destroyed, leaving most of the county unemployed and unable to produce its main exports. This further exacerbated the problem of poverty and left the population without resources, food and water.

Every day of our lives, we make choices. Some of these choices are very difficult, while others might be so easy that they are subconscious. Each decision we make comes with a downfall. That is the next best option we could have chosen or what we call the opportunity cost of making the decision that we did!

Living on an island with two third world countries; the Dominican Republic and Haiti, I’ve seen firsthand the major differences between both of them. The Dominican Republic has evolved from a Spanish colony, while Haiti was originally French. Throughout the years, Haiti has become known for suffering from poverty, misery, and distress. Pauperism has become a huge issue for the Haitians and prosperity of the country as a whole due to a lack of health, education, and social services.

Unlike most of Latin America, Haiti’s main colonizing power was France, not Spain or Portugal, after France was given one-third of Hispaniola. To this day you can see the lasting effects of colonialism in Haiti especially in comparison to the Dominican Republic which shares the same island. While Haiti, formerly Saint Domingue under French control, was at one time the world’s wealthiest sugar and coffee producer, the tides have changed in terms of Haiti’s economy and it is now one of the worst off in terms of measurement of GDP per capita and income inequality. This change largely took place after the Haitian revolution, which transformed Haiti’s economy to a rural subsistence economy, instead of the capital-intensive plantation economy it had been. As other states, including neighboring DR, developed competitive commodity industries, Haiti never jumped on that export-led growth path and there was overall less investment making its way to Haiti in comparison to other states in the region. Also, Haiti was not a part of the “Golden Age” period of Latin America from 1950-1973. With a brief understanding of Haiti’s background, a more solid understanding of their economic performance, challenges, assets and current conditions can be developed further.

The Dominican Republic gets its wealth from the exportation of sugar, tobacco and coffee, but recently they have grown in the agriculture and telecommunications field. Another important part of this country’s economy is the tourism and remittances that are sent from the US or Europe. Haiti’s economy, on the other hand, due to corruption and poverty hasn’t been able to grow like the Dominican Republic’s. Part of this country’s economy beside the exportation of clothing to the United States, is remittances and agriculture (Dominican Republic vs. Haiti, n.d).

Poverty, corruption, and poor access to education are the most serious disadvantages that Haiti faces. Two-thirds of the country depends on agriculture, consisting of mainly small-scale subsistence farming. This sector is high vulnerable to damage from natural disasters and the country’s widespread deforestation (which have caused periodic flooding). Additionally, Haiti suffers from high inflation, lack of investment,