Honduras Economy

Honduras is a poor country in the middle of Central America. The nation has an area of 43,266 miles ("Honduras", Every Culture). Honduras is the 2nd largest country in Central America (Shields 9). As of 2013, 8-10 million people live in Honduras (Gottlieb 792). Different ethnic backgrounds live in specific environments throughout Honduras ("Honduras", Every Culture). Honduras is a country rich in culture and historic events.

The economics of Haiti has deceased in the last 4 years after the devastating earthquake that struck it 4 years ago. The Haiti economy has become very poor and one of the poorest country in the south, Central America and Caribbean region making it ranked 24 out of 29 countries in this area and its overall score is below average. Haiti’s economic freedom is 48.1 making it economy the 151st freest country while in the last several years Declines in the management of government spending, freedom from corruption, and labor freedom make its overall score 2.6 points lower than last year. Recovering from the disastrous earthquake in 2010 with the support of the U.S. recovering efforts “Haiti’s post-earthquake reconstruction efforts continue,

This report provides information on Honduras which includes the geography, its society, and government conditions. It offers facts about Honduras’ natural resources and ethnic groups. In addition, the article examines its military and transnational issues including, international conflicts, refugees and drug trafficking. The article provides insight to what controls the economy of Honduras. This article will be useful for my final project because it offers background facts on the level of development.

Guatemala is the key trade partner of the United States, El Salvador, Honduras, Mexico, Nicaragua, and Panama are other major trading partners. Between 2008 – 2009 total exports have decreased from $17,848 billion, to $6,768 billion. While imports are estimated to have declined from 13.42 billion dollars in 2008 to 10.91 billion dollars in 2009. Even though Guatemala tries to expand its manufacturing activities to reduce economic dependence on agriculture. The agricultural sector is a major contestant of Guatemala’s import, export

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.

Central America has been plagued in the past with drugs, violence and poverty. This is a concerning issue because it have affected the lives of many people who now want to move away because of the death rates that has risen up because of the violence in the area. Due to the thousands corruption, poverty, and violence occurring in Central America, the Central American Government has allowed the immigration crisis to exceed in its country.

Honduras, officially the Republic of Honduras, is located 14.97503° N, -86.26477° E. It is part of Central America and goes on for about 112,492 km squared. Honduras is bordered to the west by Guatemala, to the southwest by El Salvador, to the southeast by Nicaragua, to the south by the Pacific Ocean at the Gulf of Fonseca, and to the north by the Gulf of Honduras, a large inlet of the Caribbean Sea. Honduras’ capital is Tegucigalpa, which is also the largest city in the country. Honduras became its own country independent of Spain in the year of 1821 and has not been very good on the political and social side of things. The population of Honduras goes well over 8 million. Honduras has the highest murder rate in the world, and is one of the

Did you know that not all teenagers in the world get the opportunity to go to school? In the United States, teenagers and even adults are so accustomed to school being required. They are unaware that it is not like that in all parts of the world. In third-world countries, like Honduras, teenagers do not get to go to school unless they are sponsored, because they cannot afford books, school supplies, school clothes, or shoes. It is not that these teenagers in Honduras choose not to go to school, but more of the fact that they do not have the money to attend school. Although there is a definite difference between high school students in the U.S. and in Honduras when it comes to school availability, students in the U.S. and students in Honduras

Honduras is a vibrant country, offering crystalline blue waters, breathtaking jungles, and eye opening mountains. The Republic of Honduras is located in the northern part of the Central America. Honduras was once part of Spain’s great empire. The country triumphed to the end and became an independent nation in 1823. Honduras is a country with rich historical backgrounds. The country of Honduras is the second-largest country in Central America. Even though the Republic of Honduras is facing financial hardships, the country, however, is very culturally driven, making this country a hidden diamond for many. In this research paper I plan to focus on the history, geography, culture and the economical

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

Since the early days of Central American independence, Honduras has had the tragic fate of being frequently used as a transit point or launching area for troops attacking a neighboring country. For example, Honduras played a vital role in the overthrow of President Jacobo Arbenz Guzman in Guatemala in 1954 when Honduras served as training ground. Therefore, US influence has been more noticeable in Honduras than the other countries in the region. Additionally, the long history of the US fruit companies and their control of the banana republic’s economic benefits, opened the doors to capitalism in the US and Central America, which set a solid foundation for the US government to constantly protect and advance their economic and political

The State Department notes that the Honduran government is actively trying to better its investment climate. However, the State Department also points out that foreign companies looking to invest in Honduras “continue to face significant challenges (State Department).” The investment climate is negatively affected by “high levels of crime, a weak judicial system, corruption, low educational levels, and poor transportation and other infrastructure (State Department).” I find it particularly interesting that the first problem that the State Department lists is the fact that Honduras a significant problem revolving around high levels of crime – as I touched on heavily above and stressed that it would have substantial consequences for the economy at

“Around January 1524, Cortés directed captain Cristóbal de Olid to establish a colony for him in Honduras. Olid sailed with a fleet of ships and more than 400 soldiers and settlers. He first traveled to Cuba to pick up ammunition that Cortes had arranged for him, where

With Honduras being the most dangerous country in the world,many of the laws on guns and violence in general need to be re-evaluated. Honduras has almost 850,000 weapons in the country but only around 258,000 are registered. The lax gun laws in Central America have caused there to be an epidemic of murders, 82 per 100,000 people, almost 80% of homicides being firearm related. Central America has 5 times more murders than Iraq a year. Being a part of the “Northern Triangle” along with El Salvador and Guatemala, Honduras is responsible for majority of the gun supply in places such as Mexico. According to the United States officials 50% of the arms trafficking is coming from this region.

Since the mid-20th century, countries have progressively reduced barriers, subsidies to domestic industries and diverse restrictions on international commerce in order to promote specialization and greater efficiency in production. In theory, free trade allows nations to focus on their main comparative advantages and profit from cooperation and voluntary trade. This strategy is usually reinforced by treaties between two or more countries where commerce of goods and services can be handled across their common borders, without tariffs and other trade obstacles. As a key component of regional integration in the Americas, CAFTA-DR is one important example of this economic ideology.