 |
|
| THE PATH TO PHENOMENAL GROWTH | |
The HAITIAN STOCK EXCHANGE
(HSE) is poised to be launched. With its launch, there will be set
in motion one of the biggest business opportunities in Haiti in
the last fifty years. |
|
| HSE‘s goals are far reaching as they vary among other activities: | |
| - From encouraging the formation of new businesses, to the expansion of all the economic sectors. | |
| - From the facilitation of the flow of capital to Haiti, to the growth of per capita income. | |
| - From the reduction of poverty, to a general increase in the aggregate level of output, employment and wealth. | |
| HAITI AND ITS CARIBBEAN NEIGHBORS | |
| There is empirical
evidence to suggest that, within the last three years, the rate
of growth of GDP in Haiti has trailed the rate of growth of GDP
of many other countries in the Caribbean Basin. It is often argued
that the lag is due to three main factors:1. A lack of financial
infrastructure to attract capital2. Insufficient capital investment
per worker3. Inadequate and underutilization of human capital. |
|
| QUESTION OF FINANCIAL INFRASTRUCTURE | |
The lack of financial
infrastructure is well captured in the fig (1) It is reflected directly
in the level of GDP produced in Haiti and it is best seen when GDP
in Haiti is compared to the GDP of other countries in the Caribbean
region.It is argued in most of the development literature , Increasing
GDP necessarily requires the flow of foreign direct investment .Foreign
direct investment does not just happen. It generally goes to countries
where there exists reliable financial infrastructure |
|
------------------------------------------------------------------------------------------------------------------------------------------------
All Copy Right
Reserved By Haiti Stock Exchange, 2009