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Haiti Economy

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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 …show more content…

CNN reported that in April 2008, 123 lives were lost due to starvation. Another perplexing fact about Haiti is that it was one of the most popular tourist destination however due to the corruption and violence in the nation, the tourism percentile decreased at a decreasing rate. According to World Bank, Haiti economy declined from 946000 to 29500 in just the year of 2013-14. There are several others reasons that contribute the decline of Haiti’ economy. For instance, the climate does not support the agricultural growth or provide natural resources. There are dramatic climate changes in the nation consequently making the food supply lesser and demand bigger. According to the World Bank “Food prices globally have climbed 83% in the past 36 months and are expected to stay high through 2015,” (Steve Hamm, John Carey 483: 26). This quote could be justifying the future of not only Haiti but also developed countries. As the demand is increasing, and the supply decreasing, the price will increase. There are several ways to resolve the problems encountered in Haiti. By far, the biggest issue in Haiti is the government. The government is filled with corruption. Haiti has always suffered the consequences of the decisions made by the government. The problems might take time to resolute however the problems are very clear and can be solved if the right steps are taken. …show more content…

The 2010 earthquake was one of the most lethal natural disasters that have ever occurred. In the earthquake, many people lost their lies however that’s not it the GDP rate dropped drastically. The country had no immediate support consequently creating more problems. “The GDP fell 8% in 2010 (from $12.15 billion to $11.18 billion) and the GDP per capita remained unchanged at (PPP US$) 1,200.”(BBC). Social and economic problems just increased there after. Haiti is one of the poorest countries. United Nations Human Development suggests that 57.8% of the people ate deprived of basic necessities such as food and water. CNN reports a shortage of skilled labor and widespread diseases in Haiti. Even today, Haiti has the highest rate of unemployment and poverty in the Americas. About 82% of the population lives on less than $2 per day. The literacy rate is unbelievably low. Adult literacy is variously reported as 52.9% [World Fact book] and 65.3% [United Nations]. Most importantly nobody is coming to rescue the situation in Haiti. Most young children are searching for food and don’t have the time and money to afford an education. The young boys are compelled to work as a laborer at a young age and the women are marred off. According to UNICEF, the women to men ratio for education in 2014 is 1:3. So for every 3 boys only 1 girl is

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