The paper "Measuring Level of Economic Development Attained in Haiti since 1980" is a perfect example of a macro & microeconomic case study. Over the last three decades, many countries across the globe have experienced exponential economic growth that has propelled them to not only social and economic prominence but they have also earned global political clout. With the adoption of scientific knowledge in the production and manufacturing processes in various industries in these countries especially information communication technology, production and manufacturing industries which are the key drivers of economic success have shot to astronomical levels.
This has been further enhanced by the implementation of globalization policies that have sought to transform the globe into one big village with mutual interdependencies. Countries such as China which have fully taken advantage of these new developments in the global marketplace have become influential economic powerhouses. However, economic growth is not driven exclusively by technological progression and globalization of the marketplace; it is also driven by the productive efficiency of labor. More productive labor marked by high levels of skills in key areas of development has become an important factor when it comes to driving these economies in the emerging and established marketplaces.
However, the number of skilled labor must grow relative to the economic development of the country. Skilled labor provides the much-needed creativity and innovativeness and high productivity required to drive the country forward economically. Therefore, the social and political conditions must be right for skills to thrive, technology to progress and the population to grow relative to economic growth. Haiti: A brief introduction Haiti, located at the tip of Hispaniola Island in the Greater Antillean archipelago, is the most populous nation in the Caribbean.
The country is ranked number one in the poverty index of the Western Hemisphere.
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