Honduras Research

The objective of the project conducted by MAR Group was to visualise the feasibility of outsourcing a 3G/4G broadband service to Honduras. Since a honorable telecom infrastructure is widely acknowledged as indispensable for economic success. Honduras is a country with excellent business projections. It has institutions that leave due care and follow up to hostile investment, and, in a higher place all, a welcoming climate for potential investors who bet on Honduras as an excellent destination to invest, construct and develop.
Economic and semi semipolitical conditions
Honduras has a population of 8,249,574 and is uniquely located right at the heart of Central America bordered by the Caribbean sea between Guatemala and Nicaragua. Honduras is considered one the poorest countries in Latin America with more than 50% of its population living in poverty (Coleman, 2010) and a per capita income of $1,800 (The world bank: latin, 2010). Traditional agricultural exports of coffee and bananas nevertheless dominate Honduran economy, but nontraditional sectors, such as the maquiladora (textile industry) has developed tremendously over the past decades. The law does not limit foreign ownership of businesses, except for those specifically reserved for Honduran investors with small firms with capital less than 150,000 Lempiras (US $11,000).



Moreover, the country welcomes foreign investors and can offer them a range of benefits. One of them was the confirmation of the 1992 Investment Law, which provided free trade zones, low labor costs, proximity to the U.S market, Central Americas best Caribbean port, macroeconomic and political stability made Honduras increasingly attractive to future investors.
On June 28, 2009, Honduras economy was also damaged by a political turmoil (coup détat) which mostly affected the countrys trade and remittances (Coleman, 2010). During which the military ousted President Manuel Zelaya from office and forced him to dislodge to Costa Rica. The coup détat was a reception over Zelayas plans...If you want to get a complete essay, order it on our website: Orderessay



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