Caribbean
Textile factories produce 90% of Haitian exports
Real wages in Haiti declined
GLOBALIZATION:
HAITI
Between 1980 and 1990
Over 50%
(Ayiti)
Unemployment in crowded urban cities such as Port-auPrince was as high as
50 Percent
Hope I & Hope II Trade bills require yearly certification that Caribbean countries are complying with World Bank Policies
70-80%
Of the $1billion Haitian budget is derived of foreign aid
Structural adjustment programs implemented in the
1980s
in an effort to open up Haiti’s economy further to foreign investment
Haiti is considered the poorest country
FD
Nixon administration agrees to provide political support for the ruling dictatorship in return for the implementation of incentives to attract U.S. investors.
1971
The U.S. begins to mold Haiti into a low-wage, export-friendly economy by using its political influence and development assistance programs
1960s
in the Western Hemisphere
Structural adjustment programs included the privatization of utilities and the removal of all state subsidies Structural adjustment program shifted focus from producing food for domestic market to producing for export Elimination of tariffs led to the importation of cheap goods, such as rice which led to the elimination of domestically grown rice Haiti’s wealth is usually distributed amongst Haitian elites who are mostly white, mulattoes and descendants of Immigrants