Unlocking Economic Potential for Greater Opportunities

World Bank Group

Unlocking Economic Potential for Greater Opportunities | Honduras Systematic Country Diagnostic

2015

World Bank Group

Honduras is Central America’s second-largest country with a population of more than 8 million and a land area of about 112,000 square kilometers. The 20th century witnessed a profound economic transformation and modernization in Honduras. Honduras’ persistent poverty is the result of long-term low per capita growth and high inequality, perpetuated by the country’s high vulnerability to shocks. First, over the past 40 years the country has experienced modest growth rates marked by considerable volatility. Second, high levels of inequality have weakened the ability for growth to reduce poverty by limiting the extent to which a large segment of the population is able to fully access physical and human capital. Third, a large share of the population is vulnerable and exposed to regular shocks - both large and small which has exacerbated poverty by destroying or slowing asset accumulation. This systematic country diagnostic (SCD) explores the drivers of these development outcomes in Honduras, and reflects on the policy priorities that should underlie a development strategy focused on eradicating poverty and boosting shared prosperity. After identifying a number of critical factors affecting the country’s development outcomes, the SCD concludes that there is a need for a comprehensive agenda that tackles simultaneously the problems that have kept the country in a low development equilibrium for many decades, as well as emerging challenges that have the potential not only to prevent progress but also worsen the current situation. The SCD also argues that the policy agenda needs to be ambitious and move away from marginal interventions in order to move Honduras from a situation where its economic potentials are just potentials to another where they become actuals.

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Mots clés AGROVOC

agricultural products agricultural sector agricultural trade bank bank deposits banks basic needs capacity building capital capital formation cooperation corruption credit debt discrimination diversification economic crises economic development economic growth enterprises equality equity exchange rate expenditure extreme poverty families farmers finance financing foreign investment gender government intervention household income households human capital human rights illiteracy income tax interest rates investment land markets loans minority groups mortgages nutrition operating costs private enterprises private investment production capacity profitability property property rights public education public investment public-private partnerships real estate remittances risk management savings small farmers small farms social development social security students tariffs unemployment union urban areas welfare women working capital

Informations bibliographiques

Editeur

World Bank, Washington, DC

D'autres materias

Access to international markets; Saving; Access to training; Gender gap; Credit card; Opportunities for women; Labor force participation; Endowment; Earnings; Tax exemptions; Education system; Inequality; Income group; Collateral requirements; Exclusion; Debit card; Remittance; Minimum wage; Employees; Fiscal discipline; Market development; Line of credit; Access to services; Banking system; Creditors; Credit markets; Wealth creation; Head of household; Foreign currency; Vulnerable group; Labor market; Fiscal reform; Key challenge; Key challenges; Enterprise; Economies of scale; Income groups; Exchange rates; Operational costs; High interest rates; Financial intermediation; Lack of access; Capital stock; Private credit; Discrimination against women; Household incomes; Education levels; Expenditures; Levels of income inequality; Education access; Small businesses; Finances; Bribes; Fiscal losses; Economic activity; Educational attainment; Borrowing; Administrative burdens; Export crops; Consumer credit; External shocks; Interest rate; Term credit; Asset accumulation; Disparities in access; Enrollment; Business owners; Self-employment; Cultural norms; Limited access; Deposits; Family; Fiscal deficit; Transportation infrastructure; Tax incentives; Capital structure; Economic crisis; Informal workers; Household welfare; Public finances; Subsidy; Access to education; People; Profit margins; Forms of credit; Payment; Peoples; Financial instruments; Community survey; Investments; Public school; Payments; Administrative costs; Access to credit; Entrepreneurial abilities; International finance; Financial accounts; Administrative barriers; Environmental sustainability; Smallholder; Source of income; Savings account; Rural borrowers; Interest; Guarantees; Inequitable access; Unequal access; Institutional capacity; Employers; Private investors; Woman; Bank accounts; Employment dynamics; Access to finance; Tariff; Economic opportunity; Job creation; Borrowers; Monetary policy; Eligible children; Current account; New market; Deposit; Fiscal policy; Household; Extortion; Employment growth; Financial services; Employment opportunities; Social responsibility; Limited access to finance; Formal financial institution; Inequalities; Purchasing power; Public schools; Debt payments; Financial markets; Access to employment; Education spending; Job opportunities; Gender roles; Capital accumulation; Purchasing power parity; Security; Access to financing; Financial depth; Administrative burden; Loan; Debt service; Earning capacity; Minimum wages; Credit cards; Barriers to growth; Receipt; Money transfer; Credit constraints; Outstanding loans; Labor markets; Foreign direct investment; Revenue; Fiscal deficits; Poor access; Collateral; Employer; Investment decisions; Financial institution; Revenues; Administrative capacity; Economic opportunities; Access to capital; Bank account; Persistent disparities; Lack of information; Scholarships; Financing costs

Langue

anglais

Type

Report

Sur AGRIS depuis: 2016-03-15

Format: AGRIS AP

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Unlocking Economic Potential for Greater Opportunities | Honduras Systematic Country Diagnostic

2015

Mots clés AGROVOC

Informations bibliographiques