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Essay / Research Paper Abstract
This 7 page paper examines the economic development, since 1959. The economic performance, strategies, policies and influences, including political instability, are discussed and considered in the context of other nearby Central American countries. The bibliography cites 6 sources.
Page Count:
7 pages (~225 words per page)
File: TS14_TEhonded.doc
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had long periods of instability in the twentieth century. There had been a period of strong growth in the 1950s with investment in agriculture and bananas being a core industry.
However, in countries where there are ongoing period of political instability this is usually inextricably linked with poor economic performance and can create a negative cycle; poor economic performance increases
dissatisfaction within the populace and those suffering seeking scapegoats. When looking at the economic development in Honduras over the last four decades, a good starting point is the Soccer
War of 1969 (Acker, 1988). In 1969 Honduras had a four day war with El Salvador, the underling causes were numerous. Underlying causes included difficulties over the land reform
that had been enacted in 1962 and enforced in 1967 (Acker, 1988). The law was giving the Honduran government the power to redistribute land to native Hondurans, land which
was occupied by El Salvador migrants. The land reform was an important economic reform. Honduras was in a position similar to many other Central American companies, most land was owned
by large corporations or large land owners, creating a high concentration of land ownership (Acker, 1988). For example, the United Fruit Company alone owned 10% of all the land
in Honduras. This situation made it difficult for the general populace to compete (Acker, 1988). Land reform hopes to remedy some of the The Hondurans were unhappy and the Salvadorans
were suffering, as the government ought to reclaim land, even where there was legal ownership. It was estimated that about 300,000 Salvadorians were in Honduras at the time (Acker, 1988).
Ironically, although many of the influences which led to the war were economic in nature, the war itself led to the Asian of the Central American Common Market,
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