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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
Countries of low human development index?
Countries with a low Human Development Index (HDI) typically face significant challenges in areas such as education, healthcare, and income levels. These nations often struggle with poverty, high mortality rates, and limited access to essential services, which hinder their overall development. Examples include Niger, Chad, and the Central African Republic, where social and economic conditions can severely impact the quality of life for their populations. Efforts to improve HDI in these countries often focus on enhancing education, healthcare access, and economic opportunities.
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.
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.
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 is peripheral country?
countries that are not developed.
According to the reading a total of 43.2 million people live in Central America and over half of them are poor.?
Central America has a population of approximately 43.2 million people, with more than half of them living in poverty. This high poverty rate reflects significant socioeconomic challenges in the region, including limited access to education, healthcare, and economic opportunities. Addressing these issues is crucial for improving the overall quality of life for the inhabitants of Central America.
What has limited the growth of eastern south America?
The growth of eastern South America has been limited by several factors, including economic disparities, political instability, and inadequate infrastructure. Environmental challenges, such as deforestation and climate change, have also impacted agricultural productivity and natural resources. Additionally, social issues like poverty and inequality hinder development and investment in the region. These combined factors create barriers to sustainable growth and economic expansion.
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.
