Honduras Economy

Honduras is approximately 1000 miles southwest of Miami and has a mainly mountainous area of 48,200 square miles. To the North it has a large coastal line with the Caribbean sea and to the South it enjoys a small access to the Pacific.

Honduras and The Dominican Republic are said to be almost the same culture because of similarities in their cultures. Although many may think they are the same because they are both spanish speaking countries but they are actually wrong. They are so far from each other but they do have similarities like in there holidays, clothing and even in their foods. Although they have their similarities they are own unique in their own way of doing things. This differences make people proud of their culture because it's means they are different from others. They do have differences in like the way they dress, the way they celebrate and the way they prepare their food. This things make people proud of their country and the cultures it's given them. Keeping this in mind when you read the rest of the essay you will see the similarities and the differences. They are different in their own ways.

Honduras’ economy has not been very successful over the past years. The CIA World Fact book considers Honduras as “the second poorest country in the Western Hemisphere” after Haiti (294). The main reason for this is the extreme unequal distribution of wealth and the high underemployment. According to the textbook, underemployment is “the number of employed individuals who are working in a job that underpays them, is not equal to their skill level, or involves fewer working hours” (Leon-Guerrero 239). This applies to the work force of Honduras because of many reasons. To begin with, it is hard to find a good-salary job because the minimum wage is very low. This wage is 6,500 lempiras a month, which is equal to $325. Evidently, this is not sufficient to meet a family’s need.

In my point of view Nike was responsible for compensating the workers in Honduras because of corporate social responsibility. Nike should be socially responsible to do the “right thing” before their corporation decided to closed down their factories in Honduras. The right thing such as established proper procedure for employees benefits for post-employment, implement appropriate compensation, and set-up a wide-operational meeting in helping the employees understand the reasons of the closure.

(Document A) In South America, Peru, Bolivia, and Ecuador share a major industrial resource, petroleum! Coffee is also an agricultural resource that all of the countries have. (Document A) There are also things like textiles, wood, food, minerals, cotton, sugarcane, corn, potatoes, and cacao. (Document A) Along with agriculture and other industries, Peru and Ecuador both trade with the United States as a major trading partner, while Bolivia trades with Brazil. (Document A) In Argentina, things like beef, grains, fruits, wheat, grapes, and sheep are produced. (Document B) In Central America, some major agricultural industries include bananas, coffee, and sugarcane. (Document C) Central America also produces nickel, iron ore, fish, timber, and oil. Some of Central America’s major trading partners are Honduras, Panama, Costa Rica, and the United

for covert operations. Powerful statements from President Reagan via speeches and directives about promoting democracy were critical to smoothly establish a new command and control center for operations in the region. An address to the Nation regarding Policy in Central America conducted in 1984 by President Reagan from the Oval Office clearly showed his determination to push his foreign policy agenda in the region.

, Date accessed October 26 ustr.gov/trade-agreements/free-trade-agreements/cafta-dr-dominican-republic-central-america-fta. “Culture Crossing.” Culture Crossing - Consulting for the Global Marketplace, www.culturecrossing.net/. “Dominican Republic country profile.” BBC News, BBC, 13 July 2017. Date accessed October 26.www.bbc.com/news/world-latin-america-19246340.

El Salvador is the smallest country in Central America; most of the country is on a fertile volcanic plateau about 2,000 ft high. The people of El Salvador use the land for raising crops, building cities, and are very skillful weavers. El Salvador remained a Spanish colony for around 300 years. It was taken over by Europeans in the 1500’s. Before the Spanish conquest, which was an invasion from the Spaniards to the native people; one of the earliest groups of settlers was a group of indigenous people called the Pipil people. (World Book E6 252).

Honduras provides free public education through fifth grade, but sadly many students cannot attend due to the cost of school supplies and uniforms. Many projects funding Hondurans are for money to buy foodstuffs for re-sale.The people need the profit from selling these items to afford the cost of their children going to school. If their children can receive an education, they will be able to get better paying jobs, ending the poverty cycle in that family line.

The capital city of Honduras is Tegucigalpa also known by some people as “Tegus”. It is located in central Honduras, and as of 2001, its population is 765,675. One of the well known cities in Honduras is San Pedro Sula. It is in northwest Honduras and it is known as the crime capital of the world. In San Pedro Sula, an average total of three homicides are reported every single day! Another city in Honduras is La Ceiba. Located on the northern shore of Honduras, it is a port city and it is known as a very popular tourist attraction because of its beauty and diversity in activities. Another popular city is Choluteca, located in southern Honduras. It is widely known for the Choluteca river, which has the

Honduras is very interesting in many ways. Honduras is in Central America and between the Pacific Ocean and the Caribbean sea. “The republic of Honduras is a beautiful, mountainous country approximately the size of the state of Ohio or Pennsylvania, with an area of 43,278 square miles” (McGaffey, Spilling 7). Honduras has a unique geography, a warm climate, a fascinating culture, and has many interesting facts.

(NGK) The most common natural resources that they have are hydropower, geothermal power, petroleum, and arable land. The sea levels in El Salvador are rising. This country will lose somewhere between 10 per cent and 28 per cent of its coastal territories in the next century as a result of rising seas caused by climate change. (Tegal) The poverty percentage in El Salvador is 36.5%. A famine is afflicting 1.4 million Central Americans, including in Nicaragua, Honduras, El Salvador and Guatemala. The immediate cause of the famine is a devastating drought that severely reduced the corn crop. (Nebbia) Coffee is El Salvador's major crop. 30% of total agricultural output is grown principally in the west and northwest of the country. Primarily as a result of the civil war, coffee production declined in the 1980’s. Traditional grains grown in El Salvador include corn, sorghum, rice, and edible beans. These crops make up the diet for most Salvadorans and are produced on small farms. (Nations

I would like to thank you for supporting me and my trip to Honduras. Because of your support, not only was I able to go on this trip, but we were able to reach many people, we were able to provide needs for people in Honduras and we were able to pray and spread the gospel to these people as well.

In 1994, the leaders of the thirty-four democratic countries of the Western Hemisphere launched the process of creating a Free Trade Area of the Americas (FTAA). The FTAA will be established by 2010 with the aim of gradually eradicating barriers to trade and investment in the region. The final characteristics of the FTAA will be determined through negotiations by government officials from the thirty-four participating countries. The trade issues that are presently under discussion are: market access; investment; services; government procurement; dispute settlement; agriculture; intellectual property; antidumping, subsidies and countervailing duties; and competition policy. Guiding principles for these negotiations

Mexico is the top trading nation in Latin America and the ninth-largest economy in the world. No country has signed more free trade agreements – 33 in all, including the two biggest markets in the world, the US and the EU. Altogether these signatory countries make up a preferential market of over more than billion consumers. Much of the FDI in Mexico is attracted by the country’s strategic location within the North American Free Trade Agreement, which has positioned it as a springboard to the US and Canada. Other attractions are competitive production costs and a young, skilled workforce, together with political stability and an open economy.