Honduras: Recent Economic Performance
AbstractThis paper looks at the Honduran economy, including longer-term trends, the pre-crisis years, and recent developments since the June 28th coup. It finds that poverty and inequality decreased significantly during the Zelaya administration, with rapid growth of more than 6 percent during the first two years. The government also increased school enrollment significantly by abolishing school fees, expanded school lunch programs, and raised the minimum wage by 60 percent. Some expansionary monetary policy was used to counter-act the global downturn in 2008. The paper finds that more recently, the Honduran economy has become especially vulnerable to the combined impacts of the world recession and the political crisis that has followed the military coup of June 28, 2009.
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Bibliographic InfoPaper provided by Center for Economic and Policy Research (CEPR) in its series CEPR Reports and Issue Briefs with number 2009-42.
Length: 26 pages
Date of creation: Nov 2009
Date of revision:
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Honduras; Zelaya; Latin America; Central America;
Find related papers by JEL classification:
- I - Health, Education, and Welfare
- I1 - Health, Education, and Welfare - - Health
- I2 - Health, Education, and Welfare - - Education
- I3 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty
- O - Economic Development, Technological Change, and Growth
- O5 - Economic Development, Technological Change, and Growth - - Economywide Country Studies
- O54 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-02-05 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gindling, T. H. & Terrell, Katherine, 2006.
"Minimum Wages, Globalization and Poverty in Honduras,"
IZA Discussion Papers
2497, Institute for the Study of Labor (IZA).
- Gindling, T.H. & Terrell, Katherine, 2010. "Minimum Wages, Globalization, and Poverty in Honduras," World Development, Elsevier, vol. 38(6), pages 908-918, June.
- Gindling, T.H. & Terrell, Katherine, 2008. "Minimum Wages, Globalization, and Poverty in Honduras," Working Paper Series RP2008/23, World Institute for Development Economic Research (UNU-WIDER).
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