Essays on Measuring Level of Economic Development Attained in Haiti since 1980 Case Study

Download full paperFile format: .doc, available for editing

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.  

References

Abel, A. B., Bernanke, B. & Croushore, D. (2013). Macroeconomics (8th ed.). Upper Saddle River, NJ: Prentice Hall.

Agénor, P-R. (2004). "Growth and Technological Progress: The Solow–Swan Model". The Economics of Adjustment and Growth (2nd ed.). Cambridge: Harvard University Press.

Barro, R. J. (2008). "Working with the Solow Growth Model". Macroeconomics: A Modern Approach. Mason, OH: Thomson South-Western.

Barro, R. J. & Sala-i-Martin, X. (2004). "Growth Models with Exogenous Saving Rates". Economic Growth (2nd ed.). New York: McGraw-Hill.

CECOPAC. (2011). “Social problems intensify in Haiti”. CECOPAC.

CIA. (2014). “The World Factbook: Haiti.: Central Intelligence Agency. Retrieved from https://www.cia.gov/library/publications/the-world-factbook/geos/ha.html

Farmer, R.E. A. (1999). "Neoclassical Growth Theory". Macroeconomics (2nd ed.). Cincinnati: South-Western.

Goldberg, E. (2012). "Poverty Resolutions, Microloan Nonprofit, Shows How Far $1 Can Go To Provide Jobs For Poor". The Huffington Post. Retrieved October 19, 2012.

Gupta, Sanjeev and Hamid Daoodi. (1998): "Does Corruption Affect Income Inequality and Poverty?" IMF Working Paper 4-5

Gujarati, D. N. (2003). Basic Econometrics (4th ed.). New York: McGraw-Hill Higher Education.

Michigan State University. (n.p.d.). "Haiti: Economy". Michigan State University. Retreived from https://globaledge.msu.edu/countries/haiti/economy/

The Economist. (2013). "Feeding Haiti: A new menu". The Economist. 22 June 2013. Retrieved from http://www.economist.com/news/americas/21579875-government-tries-load-up-plates-poorest-people-americas-new-menu?zid=305&ah=417bd5664dc76da5d98af4f7a640fd8a

United States Agency for International Development. (2007). "Education: Overview". United States Agency for International Development.

Novales, A. et. al. (2009). Economic Growth- Theory and Numerical Solution Methods. Springer-Verlag Berlin Heidelberg.

World Bank. (2014). “GNI per capita, Atlas method (current US$).” World Bank. Retrieved from http://data.worldbank.org/indicator/NY.GNP.PCAP.CD/countries/AU--XS?display=default

Watkins, T. (n.p.d.). "How Haiti's Future Depends on American Markets". The Atlantic.

Moloney, A. (2009). "Haiti's aid controversy". Alertnet.org.

Download full paperFile format: .doc, available for editing
Contact Us