X hits on this document

Powerpoint document

Economic Development of Central America Econ. 4200 - Spring 2004 – Dr. Taylor - page 118 / 153

394 views

0 shares

0 downloads

0 comments

118 / 153

An even worse disaster beset the country in that summer when a severe drought destroyed 80% of the country's crops, causing famine in the countryside.  

El Salvador is the third poorest country in Latin America… testifying to the long run cost to economic development stemming from civil war and natural disasters.

In an attempt to boost economic growth, in November of 2000, the Asamblea Legislativa approved the ARENA government's plan to dollarize the domestic economy.

The hope was that dollarization would bring in greater FDI.

To date this hope seems to be coming true due to the fact that El Salvador is experiencing lower interest rates, growing consumer credit, cheaper international financing, and a reduction in transaction costs for firms operating in the domestic economy.

Salvadoran President-elect Tony Saca paints over posts displaying his opponents' political advertising after his victory in recent elections.

Residents of the middle class Las Colinas neighborhood west of the capital, San Salvador, El Salvador look for victims of the 7.6 earthquake that shook Central America Saturday Jan. 13, 2001.

Document info
Document views394
Page views394
Page last viewedSun Dec 04 19:11:41 UTC 2016
Pages153
Paragraphs1549
Words20865

Comments