Paraguay Economy Essay

Paraguay Economy Essay

Length: 2080 words (5.9 double-spaced pages)

Rating: Powerful Essays

Open Document

Essay Preview

With a GDP per capita of $4,100 Paraguay is the second poorest country in all of South America right behind Bolivia. In this paper I will look to explain some of the reasons behind the lack of growth in the Paraguayan economy. I believe that being a landlocked nation without direct access to a major ocean waterway, political instability over the last 110 years, and a large portion of the population that severely lacks proper water and sanitation resources, all combine to play a crucial role in Paraguay’s poor economic development.
The paper will be broken into three sections, with each section exploring each topic with in-depth analysis. I will first look at the issues that Paraguay faces being a landlocked nation. I will focus on the sanctions that can be imposed upon them by outside nations in the form of taxes and limitation of access. I will also inspect the dire need for this unabated access to an open waterway for an agriculture-based economy like Paraguay’s. Next, I will look at the instability that has plagued Paraguay since the beginning of the 20th century. I will focus on the near constant fluctuation between military rulers and the negative effects a lack of stability has on growth and investment. I will also examine the role that corruption plays in breeding instability and its effect on the overall economy. Finally I will look at the effects that a poor water and sanitation systems has on the ability of the poor population to be more productive members of the general work force.

Geographic Restrictions
A landlocked nation is one that does not enjoy direct access to a waterway or open ocean. 48 countries throughout the world are identified as landlocked and their economies are directly affected by not ...

... middle of paper ...

...(1999): 179-232.
Haller, Laurence, Guy Hutton, and Jamie Bartram. "Estimating the costs and health benefits of water and sanitation improvements at global level." Journal of water and health 5.4 (2007): 467-480.
Hausmann, Ricardo. "Prisoners of geography." Foreign Policy (2001): 45-53.
Mauro, Paolo. "Corruption and growth." The quarterly journal of economics110.3 (1995): 681-712.
Rose-Ackerman, Susan. Corruption and government: Causes, consequences, and reform. Cambridge University Press, 1999.
Sohail, Muhammed, and Sue Cavill. "Water for the poor: Corruption in water supply and sanitation." Global Corruption Report 2008: Corruption in the Water Sector (2008): 44-52.
Woolsey, L. H. "The Bolivia-Paraguay Dispute." The American Journal of International Law 23.1 (1929): 110-112.
Sachs, Jeffrey. The end of poverty: economic possibilities for our time. Penguin. com, 2006.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay about Free Trade in South America: Mercosur and Other Groups

- Over the last 75 years, South America has done a large amount of economic development. This economic development has been done to try and enhance the relations with other economic superpowers. The European Union was created after the Second World War as a way for European countries to trade without duties or tariffs, and as a way to share knowledge of industrial development. After the EU was created, it was clear that if South America wanted to compete on a world stage, they would need to implement a common market....   [tags: Market, Economy, Central America]

Powerful Essays
1283 words (3.7 pages)

The Country of Cile Essay

- I. Introduction Chile is an up-and-coming political player in the global economy. It’s political history has been a root cause of all of Chile’s problems. New regiments and military control stunted its growth until fairly recently. In the last twenty-five years, the country was welcomed foreign interest and investment and has prospered as a result. Specifically, Chile has 22 trade agreements with 60 different countries. Chile has also gone a step further and is negotiating the Trans-Pacific-Partnership trade agreement with ten countries, including the US (CIA World Factbook)....   [tags: global economy, political player]

Powerful Essays
1648 words (4.7 pages)

Essay on Paraguay and Uruguay´s Independence

- During the 1500’s, the present-day countries of Paraguay and Uruguay were colonies. Paraguay gained it’s independence on May 14, 1811, and Uruguay gained it’s independence on August 25, 1825.1 However, the way these two countries gained their independence was very different. Although both involved violent revolutions, Paraguay’s independence process was relatively short, whereas Uruguay’s fight for independence was a long and messy ordeal. This review focuses on the reason for the differences between Paraguay and Uruguay’s independence processes through the following readings: Artigas and the Emancipation of Uruguay, by John Street; Republican Hispanic America: A History, by Charles Edward C...   [tags: Charles Edward Chapman, John Street, Latin America]

Powerful Essays
1708 words (4.9 pages)

Essay on The Effects of the Economy On Business Administration

- The Effects of the Economy On Business Administration The career I choose to pursue is the career of Business Administration. This career consists of running a small or big business and being able to run it and be capable of making small or very important decisions. A business runs and depends on the people and how people spend their money. If people spend their money responsibly and they know how to administrate their money and will make the economy to be stable and be good. As we all know, the economy has been really bad for the past year and it has made millions of people loose their homes and their jobs....   [tags: Economy]

Powerful Essays
927 words (2.6 pages)

Essay on The Overall State of the Economy

- The overall state of the economy M r. President. It is with due respect that I would like to express my gratitude for the invitation. Owing to the major issue at hand, we are aware that most countries are still grappling as a result of the after effects of the Economic crunch that has been taking place. The meltdown has mainly been triggered by our banking system liquidity crises which resulted to the collapse of large financial institutes in a short span of time. The housing market suffered tremendous losses; this lead to increased cases of eviction mostly experienced by the middle class (Miller, 2010)....   [tags: Economy]

Powerful Essays
721 words (2.1 pages)

The Downward Sprial of the United States Economy Essay

- The Downward Spiral of the United States Economy In the world to date, there seems to be an increase of world governments needing bailouts, and people of the world needing assistance from the United States. This idea has caused many Americans to come to the conclusion that if the United States closed off borders to foreign trade, it would increase it’s standard of living and make America more profitable. However, this idea is false. The United States must not close off it’s borders to foreign trade because if trade borders were to close, American manufacturing plants would begin to shut down, the American transportation system and public services would suffer resulting in American job loss....   [tags: Economy]

Powerful Essays
905 words (2.6 pages)

Judaism and the Economy Essay

- Judaism and the Economy While the Jewish population is small, its impact on the economy is extensive. For a group of people making up less than two percent of the United States populace, Jews are certainly a topic of much conversation and controversy. For a race so often targeted negatively and used as a scapegoat, it is surprising to realize the Jewish hand in America today. A question circulating for a while is whether or not Jews control America; Jews rule the film industry, the news and communication business is a Jewish kingdom, the American financial industry is essentially a Jewish franchise, and the professions are so dominated by Jews its shocking, so where does their influence ru...   [tags: Religion, Economy]

Powerful Essays
1214 words (3.5 pages)

Essay on The Australian Economy

- Many opportunities and challenges await the global economies of today. The balancing of one country’s financial position has the capability to bring down an entire nation in an instant. One country’s financial gains require financial losses of another. The Australian economy is currently undergoing a major shift that is leading to low productivity and increased unemployed. Despite its current growing pains, the Australian economy remains resilient and is positioned to continue into its “23rd year of uninterrupted annual economic growth”....   [tags: Australian Economy]

Powerful Essays
1495 words (4.3 pages)

The Promising Future of China's Economy Essay

- The Promising Future of China's Economy If China's economy grows as fast for the next 20 years as it has for the past 14, it will be the biggest economy on earth: I feel that China's drastic improvements over the last 14 years are overwhelming, with their Real GNP growing at a rate of 9% a year, which means by, 1994, China's economy will match the performance of countries like Japan and Taiwan. China's standard of living has also increased, and the number of people who were considered absolutely poor decreased approximately 63%....   [tags: Economy]

Powerful Essays
969 words (2.8 pages)

Global Economy Essay

- Global Economy’s Impact on Labor The global economy has had great impact on the labor force, affecting each country in its own way whether it deals with outsourcing and offshoring or unemployment. The term global economy means integrating the world economy through trade, production, and distribution while consuming goods and services. Globalization has progressively integrated its way into all countries and the United States has seen that on the rise with diverse ethnic, economic, and religious groups that work together in everyday tasks....   [tags: Impacts, Labor Force, Economy]

Powerful Essays
1369 words (3.9 pages)