0
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.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
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.
Why is economic development of the region limited?
Because it has few energy resources.
Is Central America limited or unlimited government?
ButHole
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 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
When was Central Electronics Limited created?
Central Electronics Limited was created in 1974.
When was Formula Racing Development Limited created?
Formula Racing Development Limited was created in 1997.
When was Central Coalfields Limited created?
Central Coalfields Limited was created on 1975-11-01.
When was Central Depository Services Limited created?
Central Depository Services Limited was created in 1999.
How did the allied powers punish' the central powers after the war?
The allied powers punished the central powers after the war by forcing them to dismantle their armies, suffer sanctions, and limited their economic growth. This was done to help prevent them from repeating their behavior.
What does economically backward mean?
Economically backward refers to individuals or regions that have limited financial resources or lack access to economic opportunities. This can result in lower standards of living, limited access to education and healthcare, and a higher incidence of poverty. Economic backwardness often hinders overall development and can perpetuate a cycle of poverty.
