Economic and Political Forces in Haitian Underdevelopment

Mats Lundahl

Chapter 4 in Poverty in Haiti, 2011, pp 59-72 from Palgrave Macmillan

Abstract: Abstract Haiti’s economic plight is well-known. The country is the poorest one in the Western Hemisphere, with a per capita income which by the time President Aristide returned in 1994 was estimated at US$250–260 per annum, perhaps even lower — certainly so in the countryside which is home to the majority of the population.1 In addition, urban income is heavily concentrated in very few hands.2 As a result, half, if not more than half, of the inhabitants of nation’s capital are ultra-poor and have to spend at least 75 percent of their income to secure a daily intake of 1500 calories.3

Keywords: International Monetary Fund; Contemporary Problem; Dominican Republic; Credit Market; Market Imperfection (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30493-2_4

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DOI: 10.1057/9780230304932_4

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