Introduction In this paper, I will discuss about Central American economy using dependency theory. I will talk about the problems of being heavily dependent on traditional agricultural exports and maquila industry exports to the United States. Then I will suggests an alternative to export oriented economic development model. I will briefly go through Central American history and current situation, listing some problems and potential problems. To emphasize the problems, I will talk about my own …
showed first 75 words of 4880 total

showed last 75 words of 4880 total
…slower growth and isolation from global market but at the end, people will be happier and economy will be more stable. After all, why hurry for the development if it does not reduce true poverty and help poor. Rush in industrialization may result in chaos in a long run. The goal of development is people, not industrialization or GDP growth. Export dependence will cause unbalanced growth, unfair trading policies, and creates controlling and controlled countries.