Publication:
Honduras: Unlocking Economic Potential for Greater Opportunities

dc.contributor.author Hernandez Ore, Marco Antonio
dc.contributor.author Sousa, Liliana D.
dc.contributor.author Lopez, J. Humberto
dc.date.accessioned 2015-11-20T22:02:43Z
dc.date.available 2015-11-20T22:02:43Z
dc.date.issued 2015-10-26
dc.description.abstract 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. en
dc.identifier http://documents.worldbank.org/curated/en/2015/11/25236591/
dc.identifier.uri http://hdl.handle.net/10986/23119
dc.language English
dc.language.iso en_US
dc.publisher World Bank, Washington, DC
dc.relation.ispartofseries Systematic Country Diagnostic;
dc.rights CC BY 3.0 IGO
dc.rights.holder World Bank
dc.rights.uri http://creativecommons.org/licenses/by/3.0/igo/
dc.subject CONSUMER CREDIT
dc.subject ECONOMIC DEVELOPMENT
dc.subject HUMAN CAPITAL
dc.subject INEQUALITY
dc.subject INSTITUTIONAL CAPACITY
dc.subject LAND MARKETS
dc.subject POVERTY
dc.subject SOCIAL REPSPONSIBILITY
dc.title Honduras en
dc.title.subtitle Unlocking Economic Potential for Greater Opportunities en
dc.type Report en
dc.type Rapport fr
dc.type Informe es
dspace.entity.type Publication
okr.date.disclosure 2015-11-19
okr.doctype Country Focus :: Country Assistance Strategy Document
okr.docurl http://documents.worldbank.org/curated/en/2015/11/25236591/
okr.identifier.doi 10.1596/K8570
okr.identifier.externaldocumentum 090224b083febdef_2_0
okr.identifier.internaldocumentum 25236591
okr.identifier.report 100441
okr.identifier.report 103239
okr.imported true
okr.language.supported en
okr.pdfurl http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/11/02/090224b0831858b7/1_0/Rendered/PDF/Honduras000Unl0c0country0diagnostic.pdf en
okr.region.country Honduras
okr.topic Health, Nutrition and Population :: Population Policies
okr.topic Poverty Reduction :: Rural Poverty Reduction
okr.topic Governance :: Governance Indicators
okr.topic Finance and Financial Sector Development :: Access to Finance
okr.topic Macroeconomics and Economic Growth :: Economic Growth
okr.unit Central America Countries CMU (LCC2C)
relation.isAuthorOfPublication 9631eabd-4d84-55be-91a6-ee2e12a1030a
relation.isAuthorOfPublication 0efa1f06-7dd4-5311-b55f-1ad72ad95bb4
relation.isAuthorOfPublication 87169c2a-cc00-5945-b418-c06e0faeb3e2
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