The deprived sections of the population, on the other hand, make up for 87% of farmers, having 15% of land and marginal access to marketing and credit facilities. With the US dominating the economy, receiving about 34% of Guatemala’s exports, small farmers are being pushed out to make way for large exporters linked to the US market. This factor explains that even with a sustained growth of 8% in exports, the country ranks a lowly 117 in the Human Development Index (UNDP). In such a gloomy scenario, the ostensible positive ratification of DR-CAFTA (Dominican Republic-Central American Free Trade Agreement) by Guatemala’s congress has actually ushered in American economic ascendancy from the back door, cheating Guatemala’s local firms.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
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For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
Read More IIPM-Blogs:-
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