Tuesday, May 10, 2011

Geopolitics/Economy

Bahamas- 

The main struggle of the economy of Bahamas is how dependent it is of foreigners, it is crucial for other countries to be doing well so that the tourism does well in the Bahamas. When the economic crisis hit nationwide around 2008, travel went down tremendously and the wealthy nation of Bahamas lost out.

There is barely any history of political violence or instability in The Bahamas, there has been some semi-violent labor union protests, the most notable erupted in early 1999 over Government plans to downsize the phone company. Bahamas must let businesses be open with foreign investments in financial and intellectual properties.

The economics of Bahamas are hard to study because they follow the GDP of other countries because of tourism, and the political powers in Bahamas seem to be doing a great job in managing the country with the resources it has. I think they should do more work in the IT field since they don't have enough resources to export non technological goods.

http://www.thebahamasweekly.com/publish/bahamas-info/Talkin_Tourism_to_focus_on_Grand_Bahama15765.shtml


Guatemala-
The government of Guatemala isn't as wealthy as Bahamas but still could do a better job governing the country. The country overthrew its dictator Jorge Ubico in 1944, and they founded a new constitution in 1985. The first election was in 1986 and the Christian Democratic party candidate Vinicio Cerezo took office with almost 70% of the vote. Cerezo promised a new rule of law and a end to political violence. A new leader evolved in the 1990 election, although the winner Jorge Serrano illegally dissolved Congress and the Supreme Court and tried to restrict civil freedoms in hopes to "fight corruption". The next election will be in September 2011 and the main issue is violent crime.  The government also suffers to run democratically because of inefficiency, intimidation, and corruption.

Guatemala signed the peace accord in December 1996, and it positioned them for rapid economic growth, but the economic crisis in 198 disrupted the possible improvement.

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