Help


[permalink] [id link]
+
Page "Economy of Honduras" ¶ 82
from Wikipedia
Edit
Promote Demote Fragment Fix

Some Related Sentences

Honduran and Corporation
Toncontín has, however, been significantly improved by the work of Airport Corporation of Tegucigalpa ( ACT ) and InterAirports, a company contracted by the Honduran government to administer the country's four major airports.
He was in charge of the Honduran Corporation for Forestry Development from 1990 to 1994.

Honduran and for
The Taft Administration saw the huge Honduran debt, over $ 120 miilion, as a contributing factor to this instability and began efforts to refinance the largely British debt with provisions for a United States customs receivership or some similar arrangement.
By the end of 1909, an agreement had been reached providing for a reduction in the debt and the issuance of new 5 percent bonds: the bankers would control the Honduran railroad, and the United States government would guarantee continued Honduran independence and would take control of customer revenue.
From 1919 to 1924, the Honduran government expended US $ 7. 2 million beyond the amount covered by the regular budgets for military operations.
Because conflicts between these companies had frequently led to support for rival groups in Honduran politics, had produced a border controversy with Guatemala, and may have even contributed to revolutionary disturbances, this merger seemed to promise greater domestic tranquility.
Though spared the bloody civil wars wracking its neighbors, the Honduran army quietly waged a campaign against Marxist-Leninist militias such as Cinchoneros Popular Liberation Movement, notorious for kidnappings and bombings, and many non-militants.
Leading export coffee ($ 340 million ) accounted for 22 % of total Honduran export revenues.
The Honduran maquiladora sector, the third-largest in the world, continued its strong performance in 2000, providing employment to over 120, 000 and generating more than $ 528 million in foreign exchange for the country.
The heady days of the CACM ( midto-late 1960s ), which produced an industrial boom for El Salvador and Guatemala, barely touched the Honduran economy except to increase its imports because of the comparative advantages enjoyed by the Salvadoran and Guatemalan economies and Honduras's inability to compete.
The Honduran government and the IMF had set an inflation target of 12 percent for 1992 and 8 percent for 1993.
Few new jobs have been generated in the formal sector, however, because domestic private sector and foreign investment has dropped and coveted public-sector jobs have been reserved mostly for the small Honduran middle-class with political or military connections.
Most Honduran workers in 1993 continued to be employed in agriculture, which accounted for about 60 percent of the labor force.
Hundreds of small manufacturing firms, the traditional backbone of Honduran enterprise, began to go out of business beginning in the early 1990s, as import costs rose and competition through increasing wages for skilled labor from the mostly Asian-owned assembly industries strengthened.
The small Honduran shops, most of which had manufactured clothing or food products for the domestic market, traditionally received little support in the form of credit from the government or the private sector and were more like artisans than conventional manufacturers.
Multinational companies usually paid more than the standard minimum wage, but, overall, the Honduran wage earner has experienced a diminution of real wages and purchasing ability for more than a decade.
In 1992, bananas and coffee together accounted for 50 percent of the value of Honduran exports and made the biggest contribution to the economy.
The coffee industry, in contrast, offers better opportunities for small Honduran family farms to compete.
Chiquita Brands International and Dole Food Company now account for most Honduran banana production and exports.
With the aid of affordable loans from foreign investors, more and more Honduran coffee growers are learning to produce high-value organic coffee for today's economy.
The outlook for the sugar industry, which had boomed during the 1980s when Honduran producers were allowed to fill Nicaragua's sugar quota to the United States, seemed bleak in 1993.
With encouragement from the United States Agency for International Development ( AID ), the Honduran government began to decentralize Cohdefor beginning in 1985.
The Honduran Congress assumed authority for setting electric prices beginning in 1986 but then became reluctant to increase rates.

Honduran and Development
On May 28, 2004, United States Trade Representative Robert Zoellick, Costa Rican Minister of Trade Alberto Trejos, Salvadoran Economy Minister Miguel Lacayo, Guatemalan Economy Minister Marcio Cuevas, Honduran Minister of Industry and Commerce Norman García, and Nicaraguan Minister of Development, Industry and Commerce Mario Arana signed the 2, 400-page document at headquarters of the Organization of American States.
The Honduran Tourism Institute along with the United Nations Development Program, has developed a cultural heritage project dedicated to the Lenca and their culture called La Ruta Lenca.

Honduran and Hondureña
Membership in the Honduran Association of Small and Medium Industry ( Asociación Hondureña de Empresas Pequeñas y Medianas ) declined by 70 percent by 1991, compared to pre-maquiladora days, foreshadowing the likely demise of most of the small shops.

Honduran and de
This Nicaragua-assisted invasion by Honduran exiles strongly displeased the United States government, which concluded that Zelaya wanted to dominate the entire Central American region, and the government dispatched marines to Puerto Cortes to protect the banana trade ; US naval units were also sent to Honduras and were able to successfully defend Bonilla's last defense position at Amapala in the Gulfo de Fonseca.
President Callejas responded to the severe poverty by implementing a specially financed Honduran Social Investment Fund ( Fondo Hondureño de Inversión Social FHIS ) in 1990.
In 1993 Honduras had three major labor confederations: the Confederation of Honduran Workers ( Confederación de Trabajadores de Honduras CTH ), claiming a membership of about 160, 000 workers ; the General Workers Central ( Central General de Trabajadores CGT ), claiming to represent 120, 000 members ; and the Unitary Confederation of Honduran Workers ( Confederación Unitaria de Trabajadores de Honduras CUTH ), a new confederation formed in May 1992, with an estimated membership of about 30, 000.
The CTH, the nation's largest trade confederation, was formed in 1964 by the nation's largest peasant organization, the National Association of Honduran Peasants ( Asociación Nacional de Campesinos de Honduras Anach ), and by Honduran unions affiliated with the Inter-American Regional Organization of Workers ( Organización Regional Interamericana de Trabajadores ORIT ), a hemispheric labor organization with close ties to the American Federation of Labor-Congress of Industrial Organizations ( AFL-CIO ).
In the early 1990s, the confederation had three major components: the 45, 000-member Federation of Unions of National Workers of Honduras ( Federación Sindical de Trabajadores Nacionales de Honduras Fesitranh ); the 22, 000 member Central Federation of Honduran Free Trade Unions ( Federación Central de Sindicatos Libres de Honduras ); and the 2, 200-member Federation of National Maritime Unions of Honduras ( Federación de Sindicales Marítimas Nacionales de Honduras ).
The CUTH was formed in May 1992 by two principal labor federations, the Unitary Federation of Honduran Workers ( Federación Unitaria de Trabajadores de Honduras FUTH ) and the Independent Federation of Honduran Workers ( Federación Independiente de Trabajadores de Honduras FITH ), as well as several smaller labor groups, all critical of the Callejas government's neoliberal economic reform program.

Honduran and
In 1993 only about 9 to 13 percent of the Honduran labor force was engaged in the country's tiny manufacturing sector one of the smallest in Central America.
The Honduran government and two banana companies Chiquita Brands International and Dole Food Company owned approximately 60 percent of Honduras's cultivable land in 1993.
Instead of using improved techniques to increase the productivity of the land, Honduran farmers have merely expanded the hectarage under cultivation to produce more crops pushing their fields ever farther into the forests.
Overall, the Honduran manufacturing sector has mimicked other sectors of the economy it is mostly noncompetitive, even in a regional context, because of insufficient credit and the high cost of inputs.
A value of US $ 195 million to the Honduran economy from assembly industries in 1991 when the value of clothing exports was greater than that of coffee was a compelling argument in favor of the shift, however.
Despite its status as beneficiary of both the Caribbean Basin Initiative ( CBI ) and the Generalized System of Preferences ( GSP )-- both of which confer duty free status on Honduran imports to the United States Honduras has run a long-standing trade deficit with the United States.

Honduran and was
The uprising near Gracias a Dios was led by Lempira, who is honored today by the name of the Honduran currency.
A treaty incorporating the key provisions of this agreement with J. P. Morgan was finally signed in January 1911 and submitted to the Honduran legislature by Dávila.
The strike was suppressed by the Honduran military, but the following year additional labor disturbances occurred at the Standard Fruit Company's holding in La Ceiba.
In response, a United States warship was dispatched to the area, and the Honduran government began arresting leaders.
By the terms of the Honduran constitution, this stalemate left the final choice of president up to the legislature, but that body was unable to obtain a quorum and reach a decision.
Despite another minor uprising led by General Ferrera in 1925, Paz Barahona's administration was, by Honduran standards, rather tranquil.
On November 16, 1932, Carías assumed office, beginning what was to be the longest period of continuous rule by an individual in Honduran history.
An injunction against holding the referendum was issued by the Honduran Supreme Court.
Other beneficial economic effects were few, however, because the mining industry was never well integrated into the rest of the Honduran economy.
The increasing dependence of the Honduran economy on foreign aid was aggravated by a severe, regionwide economic decline during the 1980s.
By 1993, 50 to 60 percent of the Honduran labor force was estimated to be either underemployed or unemployed.
The Honduran population was 77 percent rural in 1960.
Only one of ten Honduran workers was securely employed in the formal sector in 1991.
Throughout the 1980s, the Honduran government was heavily financed by foreign assistance.
About one-third of the Honduran labor force was estimated to be working in the service or " other " sector in 1993.
" Nevertheless, the Honduran economy has always depended almost exclusively on agriculture, and in 1992 agriculture was still the largest sector of the economy, contributing 28 percent to the GDP.
The Honduran land reform process under President Callejas between 1989 and 1992 was directed primarily at large agricultural landowners.
Major legislation was passed in 1992 to promote Honduran reforestation by making large tracts of state-owned land more accessible to private investors.

0.207 seconds.