haiti.edited.docx - Consequences of foreign companies on...

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Consequences of foreign companies on HaitiHaiti is one of the poorest nations in the western hemisphere. Besides trying to raise the economy of the country, Haiti offers an open economy for foreign investors to invest in the country. Emerging of foreign companies has negatively impacted the development of Haiti. The effects include; increased political instability that affected productivity and capital investment. Corruption has diverse in Haiti due to foreigners take over the economy and market. Poor infrastructure, unreliable electricity, and high cost imposed on people. Emergingof new foreign companies has caused a lack of transparency on government tenders.Why companies are drawn to Haiti Most companies in Haiti are trying to develop the republic of Haiti because of the low wagesoffered to work. Most companies in Haiti prefer paying a person approximately $6 in a day while in the western hemisphere companies pay per hour. The issue of natural disasters has

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