{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Week 2 Las 432 Nicaragua

Nicaragua demographics profile 2012 nd index mundi

Info icon This preview shows pages 2–4. Sign up to view the full content.

View Full Document Right Arrow Icon
Nicaragua Demographics Profile 2012. (n.d.). Index Mundi - Country Facts. Retrieved March 14, 2013 From http://www.indexmundi.com/nicaragua/economy_overview.html “Nicaragua, the poorest country in Central America and the second poorest in the Hemisphere, has widespread underemployment and poverty. The US-Central America Free Trade Agreement (CAFTA) has been in effect since April 2006 and has expanded export opportunities for many agricultural and manufactured goods.” (Pg.1) It seems that the CAFTA are trying to use the county’s agricultural to expand opportunities.
Image of page 2

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
“Textiles and apparel account for nearly 60% of Nicaragua's exports, but increases in the minimum wage during the ORTEGA administration will likely erode its comparative advantage in this industry. ORTEGA's promotion of mixed business initiatives, owned by the Nicaraguan and Venezuelan state oil firms, together with the weak rule of law, could undermine the investment climate for domestic and international private firms in the near-term. Nicaragua relies on international economic assistance to meet internal- and external-debt financing obligations.” (Pg. 1) The country’s economy continues to be an issue that needs to be solved. “Foreign donors have curtailed this funding, however, in response to November 2008 electoral fraud. In early 2004, Nicaragua secured some $4.5 billion in foreign debt reduction under the Heavily Indebted Poor Countries (HIPC) initiative. Managua still struggles with a high public debt burden, however, it succeeded in reducing that burden substantially in 2011. The economy grew at a rate of about 4% in 2011.” (Pg1) Although things are bad in this country, there seems to be a beacon of hope still left in this country.
Image of page 3
Image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}