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In Central America, one of the primary problems is that Central American economies are dependent on remittances or the money they get from citizens working in other countries. For instance, in El Salvador, the financial sector is dependent on the remittances El Salvador receives from the United States.
Another problem in Central America that has come about because of the decline in the agriculture industry is unemployment. This leads to people seeking work in other countries, which both makes the economy dependent on remittances, and does not contribute to the creation of viable economies in their home countries.
What else can I help you with?
Why is economic development of the region limited?
Because it has few energy resources.
What limited the economic recovery of the south?
Southern banks struggled to support industrial development.
What was the factor that limited the economic recovery of the south after the civil war?
southern banks struggled to support industrial development
What is wrong with peaceful cooperative economic development?
It peacefully rips off the material base for further generation's survival for present generations' present interest. Regardless that is done by cooperative or competitive economic developments. Resources are intrinsically limited and the process of resources consumption is irreversible. But human survival and development inevitably depend on it.
What reason opportunity cost arise?
As economic goods are limited, one has to make choices to satisfy his needs. Thus, due to limited economic goods, opportunity costs rise.
Is Central America limited or unlimited government?
ButHole
Why is economic development of the region limited?
Because it has few energy resources.
What limited the economic recovery of the south?
Southern banks struggled to support industrial development.
What regions of the world is the least industrialized?
Some of the least industrialized regions in the world are parts of sub-Saharan Africa, Central Asia, and parts of Oceania. These regions often have limited access to technology, infrastructure, and economic resources, which hinders industrial development.
What is peripheral country?
countries that are not developed.
Why is poverty a problem in central America and the Caribbean Islands?
Poverty in Central America and the Caribbean Islands is driven by a combination of factors, including limited access to education, high unemployment rates, and political instability. Economic dependence on agriculture and tourism makes these regions vulnerable to external shocks, such as climate change and global market fluctuations. Additionally, social inequalities and inadequate infrastructure further exacerbate the situation, hindering economic growth and perpetuating cycles of poverty. As a result, many communities struggle to achieve sustainable development and improve living conditions.
What was a factor that limited the economic recovery of the south after the civil war?
southern banks struggled to support industrial development
What was the factor that limited the economic recovery of the south after the civil war?
southern banks struggled to support industrial development
What obstacles have slowed the development of Latin America's transportation and communications system?
Money. Most governments don't pay transporters. Money, again, for lack of infrastructure. Lack of interest on behalf of investors. That pretty much sums it.
What is the greatest impact of mountainous terrain on Latin America's econmic development?
Mountainous terrain in Latin America can create barriers to transportation and communication, leading to higher infrastructure costs and limited access to resources. This can hinder economic development by restricting trade, investment, and overall connectivity between regions. Additionally, steep slopes and rugged terrain can limit the suitability of land for agriculture and urban development, further impacting economic growth in these areas.
What is an example of a periphery country?
An example of a periphery country is Honduras in Central America. It is characterized by its economic dependence on more developed countries, limited industrialization, and reliance on agriculture for export earnings. Periphery countries often face challenges such as high levels of poverty and limited access to resources and technology.
When was Central Electronics Limited created?
Central Electronics Limited was created in 1974.
