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Topic: Economy of Nicaragua


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  Economy of Nicaragua - Wikipedia, the free encyclopedia
Nicaragua is one of the northern hemisphere's poorest countries, with low per capita income, flagging socio-economic indicators, and huge external debt.
Nicaragua's economy was ravaged in the 1980s by the Contra War, which saw the destruction of much of the country's infrastructure.
Nicaragua is currently the second-poorest nation in the Americas after Haiti, with a per capita GDP of less than $500.
en.wikipedia.org /wiki/Economy_of_Nicaragua   (825 words)

  
 Nicaragua - Wikipedia, the free encyclopedia
Nicaragua has seen U.S. military interventions and lengthy periods of military dictatorship, the most infamous being the rule of the Somoza family (supported by successive U.S. governments) for much of the early 20th century.
Nicaragua's economy has historically been based on the export of cash crops such as bananas, coffee and tobacco.They thing they boasts the best rum in Central America and apparently is 3rd in beef quality behind Argentina and Brazil, but this data is very subjective, given the salubrity and quality problems Nicaragua's production suffer.
Nicaragua's pre-Colombian population consisted of the Nahuatl-speaking Nicarao people of the west after whom the country is named, and six other ethnic groups including the Miskitos, Ramas and Sumos along the Caribbean coast.
en.wikipedia.org /wiki/Nicaragua   (1942 words)

  
 MSN Encarta - Nicaragua
Nicaragua is sometimes called “the land of lakes and volcanoes,” and the largest lakes in Central America and a chain of volcanic peaks dominate the western part of the country.
Nicaragua's economy is based largely on agriculture, especially on crops grown for export.
Nicaragua extends from the Caribbean Sea on the east to the Pacific Ocean on the west.
encarta.msn.com /encnet/refpages/RefArticle.aspx?refid=761577584   (1090 words)

  
 Nicaragua   (Site not responding. Last check: 2007-10-09)
Colonized by Spain in 1524, Nicaragua achieved independence as an independent state in 1821 and joined the United Provinces of Central America.
Multi-party elections were held in 1990, and the country has retained a fairly stable democracy since then.
Nicaragua is a constitutional republic with an elected president holding executive power.
www.bidprobe.com /en/wikipedia/n/ni/nicaragua.html   (209 words)

  
 NICARAGUA
Nicaragua's major environmental problems are soil erosion, caused in part by cultivation of annual crops on steep slopes, and depletion of upland pine forests for lumber, fuel, and human settlement.
The population of Nicaragua in 2000 was estimated at 4,850,976.
Inflation was ascending uncontrollably and the economy was in shambles.
cms.westport.k12.ct.us /cmslmc/foreignlanguages/centamerica/nicaragua.htm   (11134 words)

  
 ECONOMY-NICARAGUA: Debt Forgiveness Has Its Price
Nicaragua currently is indebted to what is known as the Paris Club, a group of 16 industrialised countries, and to several countries of Latin America and Eastern Europe, the IMF, World Bank and the Central American Bank for Economic Integration (BCIE), among others.
Nicaragua was include on the list of HIPCs in 2000, when its debt service payments began to decline, and the process will culminate Wednesday, when a sum equal or approximate to 100 million dollars annually will be fixed, explained the bank executive.
Nicaragua's GDP growth in 2003 was 2.3 percent, while inflation was 5.09 percent, according to Central Bank figures.
www.ipsnews.net /africa/interna.asp?idnews=22020   (1137 words)

  
 Economy of Nicaragua -- Facts, Info, and Encyclopedia article   (Site not responding. Last check: 2007-10-09)
(A republic in Central America; achieved independence from Spain in 1821) Nicaragua is one of the (The hemisphere north of the equator) northern hemisphere's poorest countries, with low per capita income, flagging socio-economic indicators, and huge external debt.
Nicaragua may qualify for the (Click link for more info and facts about Heavily Indebted Poor Countries) Heavily Indebted Poor Countries (HIPC) initiative, though aid is conditioned on improving governability, the openness of government financial operations, poverty alleviation, and human rights.
Nicaragua's economy was ravaged in the (The decade from 1980 to 1989) 1980s by the (Click link for more info and facts about Contra War) Contra War, which saw the destruction of much of the country's infrastructure.
www.absoluteastronomy.com /encyclopedia/e/ec/economy_of_nicaragua.htm   (841 words)

  
 globalEDGE (TM) | country insights - Economy of Nicaragua   (Site not responding. Last check: 2007-10-09)
Nicaragua began free market reforms in 1991 after 12 years of economic free-fall under the Sandinista regime.
The economy began expanding in 1994 and grew 2.5% in 2001, with overall GDP reaching $2.44 billion in 2001.
Nicaragua remains the second-poorest nation in the hemisphere.
globaledge.msu.edu /IBRD/CountryEconomy.asp?CountryID=136&RegionID=4   (542 words)

  
 Nicaragua   (Site not responding. Last check: 2007-10-09)
Fifty million dollars in Nicaragua, a country of 3.5 million people as of the mid to late 1980s, is equivalent to $3,550,000,000 in the United States, a country in 1990 of nearly 250 million inhabitants.
Nicaragua's economy has historically been based on the export of cash crops such as bananas, coffee and tobacco.
Nicaragua's pre-Colombian population consisted of the Nahuatl-speaking Nicarao people of the west, and six ethnic groups including the Miskitos, Ramas and Sumos in the Caribbean region.
www.worldhistory.com /wiki/N/Nicaragua.htm   (1890 words)

  
 Nicaragua   (Site not responding. Last check: 2007-10-09)
Nicaragua, which derives its name from the chief of the area's leading Indian tribe at the time of the Spanish Conquest, was first settled by the Spanish in 1522.
For the next century, Nicaragua's politics were dominated by the competition for power between the Liberals, who were centered in the city of León, and the Conservatives, centered in Granada.
Nicaragua is named for one of its original inhabitants, Chief Nicarao, who ruled part of the area at the time the Spanish arrived in Central America.
www.bonus.com /contour/Learning_Adventure/http@@/www.questconnect.org/ca_nicaragua.htm   (841 words)

  
 Nicaragua History & Nicaragua Culture | iExplore
Agriculture is the main component of Nicaragua’s economy, with cotton, coffee, sugar, bananas and meat the principal exports.
Nicaragua’s economic travails during the last 20 years have left it one of the poorest countries in the Americas.
Nicaragua’s largest trading partners are the USA (over one-third of the total), Germany, Spain, El Salvador and to a lesser extent, Nicaragua’s other Central and South American neighbors.
www.iexplore.com /dmap/Nicaragua/History   (1739 words)

  
 Economy - Nicaragua - Central America: economy nicaragua, crime rural, ownership property, force rising, century ...
The economy grew rapidly from the 1950s until the 1970s, as agricultural exports and industry expanded.
Nicaragua’s economy has recovered somewhat since 1994, but it remains severely depressed, due to a number of factors.
In 2000 Nicaragua’s GDP was $2.40 billion, equivalent to $470 per person, making Nicaragua one of the poorest countries in the Western Hemisphere.
www.countriesquest.com /central_america/nicaragua/economy.htm   (406 words)

  
 Nicaragua the Economy   (Site not responding. Last check: 2007-10-09)
From the mid-1940s to the mid-1970s, high rates of growth and investment changed Nicaragua's economy from a traditional agrarian economy dependent on one crop to one with a diversified agricultural sector and a nascent manufacturing component.
Those human costs are numerous: the diversion of resources from social programs to the military, loss of agricultural and industrial production, increased misery and widespread hunger, destruction of natural resources and infrastructure, the uprooting of families and communities, and demands for land and resources from internal and returning external refugees.
The goal of revitalizing Nicaragua's economy in an era of fragile democracy and increasingly scarce resources remained the country's greatest problem in 1993.
www.country-studies.com /nicaragua/the-economy.html   (303 words)

  
 Latin Business Chronicle: Nicaragua Country Brief   (Site not responding. Last check: 2007-10-09)
icaragua's economy was expected to grow by 3.5 percent in 2005 and another 4.0 percent in 2006, according to forecasts from the IMF.
Nicaragua has the poorest economy in Central America and the second-poorest in Latin America after Haiti.
Macro 2000: The economy of Nicaragua grew 4.3 percent in 2000, following 7.3 percent in 1999.
www.latinbusinesschronicle.com /countries/nicaragua   (826 words)

  
 Indbazaar - GeoFacts :: Economy of Nicaragua   (Site not responding. Last check: 2007-10-09)
Economy—overview: Prior to Hurricane Mitch in the fall of 1998, Nicaragua had been pursuing a number of impressive economic reforms and had begun to shed the legacy of a decade of civil war and economic mismanagement by posting strong annual growth numbers.
The storm has put the reform effort on hold and has changed economic forecasts for the foreseeable future—Nicaragua, the poorest country in Central America was one of the hardest hit by the hurricane.
Nicaragua sustained approximately $1 billion in damages and will probably see GDP growth slow by at least one percentage point in 1999.
www.indbazaar.com /country/conpage.asp?cat=Economy&id=167   (252 words)

  
 Nicaragua Transportation - Flags, Maps, Economy, History, Climate, Natural Resources, Current Issues, International ...
In 1993 Nicaragua had 26,000 kilometers of roads; 4,000 kilometers were paved, 2,200 kilometers were gravel, and the rest were earthen (see fig.
In 1993, however, eastern Nicaragua remained almost without roads, and the primary road to the region from the west stopped at Rama short of the Caribbean coast.
Corinto and Puerto Sandino are Nicaragua's principal ports on the Pacific Coast; the smaller Caribbean coast ports are Puerto Cabezas, Bluefields, and El Bluff.
www.photius.com /countries/nicaragua/economy/nicaragua_economy_transportation.html   (508 words)

  
 Nicaragua (02/05)
Nicaragua gained independence from Spain in 1821, briefly becoming a part of the Mexican Empire and then a member of a federation of independent Central American provinces.
Nicaragua is a constitutional democracy with executive, legislative, judicial, and electoral branches of government.
Nicaragua also is a member of the Organization of American States(OAS), the Non-aligned Movement (NAM), the International Atomic Energy Commission (IAEA), the Inter-American Development Bank (IDB), and the Central American Bank for Economic Integration (CABEI).
www.state.gov /r/pa/ei/bgn/1850.htm   (3668 words)

  
 Nicaragua -> Economy and Government on Encyclopedia.com 2002   (Site not responding. Last check: 2007-10-09)
The country's economy was severely affected by a hurricane in 1998.
A stenciled wall in Nicaragua with the iconic photograph of a Sandinista hurling a Molotov cocktail.
A peace plan for Nicaragua: the last chance for national reconciliation and peace.
www.encyclopedia.com /html/section/nicrgu_economyandgovernment.asp   (758 words)

  
 Country Brief - May 1999
Over the past eight years, Nicaragua has witnessed a very significant transformation: from a nation torn by war, with its economy plunged into chaos, it has re-emerged as an inclusive democracy where the foundations for economic growth and sustainable development are being laid.
Reducing poverty in Nicaragua requires special attention to accelerating the growth of the rural economy, mainly the agricultural sector, because the majority of Nicaragua's poor live in the countryside.
Nicaragua is part of the "Extending IFC's Reach" program, which is designed to increase support to smaller firms and to widen IFC's investment activities to areas that have a more difficult investment environment.
wbln0018.worldbank.org /External/lac/lac.nsf/54a7bf01c0a0900a852567d6006b59b4/9e3eaf8c524cbcf0852567d9006b47f3?OpenDocument   (2418 words)

  
 PartFour   (Site not responding. Last check: 2007-10-09)
Nicaragua’s main export commodities are coffee, shrimp and lobster, cotton, tobacco, beef, sugar, bananas and gold.
Nicaragua is currently $6.1 billion in debt and is the second poorest country in the Western Hemisphere.
Nicaragua is pinning high hopes on tourism as a foreign earner and economic development multiplier.
www.faculty.fairfield.edu /faculty/hodgson/Courses/so191/Project2002/AngelaS/PartFour.html   (1158 words)

  
 FREE In-depth report - Economy - Nicaragua
Salient Features: Formerly mixed economy undergoing extensive market-oriented structural adjustment, mainly by means of privatization of state enterprises and downsizing of public sector.
Economy contracted sharply during late 1980s and stagnant since 1990, with real GDP growth at minus 0.5 percent in 1992.
Agriculture: Mainstay of economy, accounted for approximately 29 percent of GDP in 1989 and an estimated 24 percent in 1991; employs about 45 percent of work force.
www.exploitz.com /Nicaragua-Economy-cg.php   (679 words)

  
 ipedia.com: Economy of Nicaragua Article   (Site not responding. Last check: 2007-10-09)
Economy - overview: Nicaragua is one of the hemisphere's poorest countries, with low per capita income, flagging socio-economic indicators, and huge external debt.
Nicaragua remains the second-poorest nation in the hemisphere with a per capita GDP of less than $500--below where it stood before the Sandinista takeover in 1979.
The U.S. is the country's largest trading partner by far--the source of 25% of Nicaragua's imports and the destination of about 60% of its exports.
www.ipedia.com /economy_of_nicaragua.html   (874 words)

  
 Nicaragua - Economy
Nicaragua, one of the hemisphere's poorest countries, faces low per capita income, massive unemployment, and huge external debt.
Distribution of income is one of the most unequal on the globe.
As a result of successful performance under its International Monetary Fund policy program and other efforts, Nicaragua qualified in early 2004 for some $4 billion in foreign debt reduction under the Heavily Indebted Poor Countries (HIPC) initiative.
www.exxun.com /Nicaragua/e_ec.html   (534 words)

  
 Nicaragua - The Economy - HISTORICAL BACKGROUND
By the end of the nineteenth century, the entire economy came to resemble what is often referred to as a "banana republic" economy--one controlled by foreign interests and a small domestic elite oriented toward the production of a single agriculture export.
The economy was also hostage to fluctuations in the price of coffee on the world markets--wide swings in coffee prices meant boom or bust years in Nicaragua.
Even though under the new government both public and private ownership were accepted, government spokespersons occasionally referred to a reconstruction phase in the country's development, in which property owners and the professional class would be tapped for their managerial and technical expertise.
countrystudies.us /nicaragua/33.htm   (2206 words)

  
 Nicaragua
The country has slowly rebuilt its economy during the 1990s, but was hard hit by Hurricane Mitch in 1998.
Economy overview: Nicaragua, one of the hemisphere's poorest countries, faces low per capita income, flagging socio-economic indicators, and huge external debt.
Nicaragua met the conditions for additional debt service relief in December 2000.
www.paulnoll.com /Locations/visiting-Nicaragua.html   (406 words)

  
 Economy, Transportation, and Education (from Nicaragua) --  Britannica Student Encyclopedia
In a 1970 report, the National Institute of Adult Education (England and Wales) defined adult education as “any kind of education for people who are old enough to work, vote, fight and marry and who have completed the cycle of continuous education, [if any] commenced in childhood.” Adult education...
Located midway across Central America, Nicaragua, with about 50,000 square miles (130,000 square kilometers), is the largest in area but one of the most sparsely populated nations of the region.
Roughly triangular in shape with approximately 310 miles (500 kilometers) to a side, it is bordered on the east by the Caribbean Sea.
www.britannica.com /ebi/article-205593?tocId=205593&ct=   (885 words)

  
 Nicaragua the economy of%2...   (Site not responding. Last check: 2007-10-09)
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Economy is no longer a flbox - a small easy to read article answers all these questions.
Economy and quality less than 2 miles from World Arena, Broadmoor Hotel, Fort Carson, Seven Falls, and Downtown.
www.nicaragua.com /search/index.php?av=custom&qkw=the%20economy%20of%2...   (275 words)

  
 Economy, Business & Real Estate in Nicaragua
Nicaragua Land 2000 S.A. Nicaragua Land 2000 S.A. Nicaragua Properties S.A. Nicaragua Properties S.A. - Nicaragua Properties Specialize in and have Experience in obtaining Clear and Safe Registered Title to any type of property in Nicaragua.
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Sniders Realty - Sniders Realty -We have the best selection of Nicaragua real estate and specialize in beach front and ocean view properties on the Nicaraguan Pacific coast, islands in the fresh water Lake Nicaragua, and properties in the colonial city of Granada.
www.escapeartist.com /nicaragua/real.htm   (862 words)

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