Initiative: Haitian Economy

24 01 2010

Since the earthquake, countries from all over the world have sent money to Haiti. In all, over 1 billion dollars have been pledged to the small, island country. Even with this gigantic source off money flowing into the country, Haiti still seems to be the poorest country in the western hemisphere by far. To become a more wealthy country, Haiti citizens need permanent jobs. Haiti seems like the perfect place to be a point of interest: fresh mangos, coffee, white sandy beaches for tourists. But something is holding back. Since the earthquake, many opportunities have changed, but not all for the worse. Haiti is in a major need for cheep structures, such as roads, houses, bridges, etc. If american construction companies can provide this service, both Haiti and American companies can be better (in this time of recession for America.) The demand for these structures has gone up in Haiti. Since work in the USA has decreased, the workers are eager for work, therefore, the supply has increased. As shown in this graph, this situation can help both the Haitian and American Economies.  This is especially helpful for the Haitian economy because at shown on the graph, the new equilibrium point, is a much higher quantity supplied with just a slight increase in price.  This is exactly what Haiti needs in this time of need.