Honduras : Unlocking Economic Potential for Greater Opportunities
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’...
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World Bank, Washington, DC
2015
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| Online Access: | http://documents.worldbank.org/curated/en/2015/11/25236591/ http://hdl.handle.net/10986/23119 |
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okr-10986-231192021-06-14T10:17:59Z Honduras : Unlocking Economic Potential for Greater Opportunities Hernandez Ore, Marco Antonio Sousa, Liliana D. Lopez, J. Humberto CONSUMER CREDIT ECONOMIC DEVELOPMENT HUMAN CAPITAL INEQUALITY INSTITUTIONAL CAPACITY LAND MARKETS POVERTY SOCIAL REPSPONSIBILITY 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. 2015-11-20T22:02:43Z 2015-11-20T22:02:43Z 2015-10-26 Report http://documents.worldbank.org/curated/en/2015/11/25236591/ http://hdl.handle.net/10986/23119 English en_US Systematic Country Diagnostic; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Country Focus :: Country Assistance Strategy Document Honduras |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
CONSUMER CREDIT ECONOMIC DEVELOPMENT HUMAN CAPITAL INEQUALITY INSTITUTIONAL CAPACITY LAND MARKETS POVERTY SOCIAL REPSPONSIBILITY |
| spellingShingle |
CONSUMER CREDIT ECONOMIC DEVELOPMENT HUMAN CAPITAL INEQUALITY INSTITUTIONAL CAPACITY LAND MARKETS POVERTY SOCIAL REPSPONSIBILITY Hernandez Ore, Marco Antonio Sousa, Liliana D. Lopez, J. Humberto Honduras : Unlocking Economic Potential for Greater Opportunities |
| geographic_facet |
Honduras |
| relation |
Systematic Country Diagnostic; |
| description |
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. |
| format |
Report |
| author |
Hernandez Ore, Marco Antonio Sousa, Liliana D. Lopez, J. Humberto |
| author_facet |
Hernandez Ore, Marco Antonio Sousa, Liliana D. Lopez, J. Humberto |
| author_sort |
Hernandez Ore, Marco Antonio |
| title |
Honduras : Unlocking Economic Potential for Greater Opportunities |
| title_short |
Honduras : Unlocking Economic Potential for Greater Opportunities |
| title_full |
Honduras : Unlocking Economic Potential for Greater Opportunities |
| title_fullStr |
Honduras : Unlocking Economic Potential for Greater Opportunities |
| title_full_unstemmed |
Honduras : Unlocking Economic Potential for Greater Opportunities |
| title_sort |
honduras : unlocking economic potential for greater opportunities |
| publisher |
World Bank, Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/11/25236591/ http://hdl.handle.net/10986/23119 |
| _version_ |
1764452957273718784 |