The Haitian Economy

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Broken and fragile, the Haitian economy is in a state of desperation and uncertainty. Whether it was the decisions of past leaders or factors beyond their control, Haiti is ranked as the poorest country in the western hemisphere and more over the world. Since Haiti fought and won their independence numerous chains have been shackled around their ankles, almost returning them to a state of slavery in an economic sense. In a 2014 estimate the Haitian GDP stood at US$18.535 billion. This large total may seem impressive, but after careful analysis the true state in Haiti is revealed. Under the guise of GDP per capita, Haiti sits at a low US$ 1800. This comes as no surprise as the richest 2% own 26% of the country's entire wealth.
According to …show more content…

66% (2004) of Haiti’s population is employed in agriculture. Agriculture has a low labour productivity because of the tradition of manual labour and preferential land agreements. Highly automated industries have a higher production rate per worker, but this also requires the workers to be educated and skilled. Unfortunately most of the Haitian population is illiterate and unskilled. This hinders production, therefore resulting in less exports, which in turn lowers the GDP. The demand of goods also affected Haiti’s agricultural sector. Haiti has decreased its production of sugarcane, traditionally an important cash crop, because of declining prices and fierce international competition. Because Haiti's forests have thinned dramatically, timber exports have declined. Roundwood removals annually total about 1,000 …show more content…

According to the Washington Post, Officials from the U.S. Army Corps of Engineers stated “that they assessed the damage from the 12 Jan. quake in Port-au-Prince, Haiti, and found that many of the roads aren't any worse than they were before because they've always been in poor condition.” Without roads efficient travel is restricted for working people and also for emergency needs. Both of which also affects the tourism industry. The port at Port-au-Prince, Port international de Port-au-Prince, has more registered shipping than any of the other dozen ports in the country. The ports are not in good condition, it is underused, possibly due to the substantially high port fees. Without good ports how does one expect to garner imports for much needed supplies. Many of the its other infrastructures such as airports and rail ways are poorly maintained to the point where rehabilitation would be far to

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