Topic > Economy: Key lessons for a country to move forward…

These are the key lessons for a country to move forward in economic crises that a country may present. Decision-making power: Government as the engine of the country's economy must take and take risks for economic growth. Economic growth depends on the character of the country. The power now: the country must adopt an export-based economy, converting the crisis situation into development opportunities. Citizen power: self-confidence in our products and services. Strengthen and encourage consumption of our products and services. Making sacrifices such as working hard, constantly educating yourself, creating social awareness, citizen participation and collaboration. The success of our country lies in the hands and mentality of the people. Exercise: a. Inflation: Honduras is the Latin American country in seventh place with the highest inflation, one of the causes is due to the increase in consumer prices. This is reflected in the increase in prices of the basic basket of water and electricity, so the poor will be terribly affected. If the inflation rate is between 10% and 12% every year, it means that the country will be completely bankrupt, because it would continue with the sharp increase in prices and thus affect its purchasing power capacity. Less production means less demand for labor, which leads to more unemployment.b. Partially Competitive Markets: The public sector has an economic imbalance where it will benefit by paying off foreign and domestic debt at the expense of rising consumer prices, which is why imports are encouraged and exports fall, so there is a deficit. By uploading......middle of paper......projects like the ones Honduras needs, you demonstrate this with humility and a willingness to learn. It is necessary to have that drop of realism that allows us to understand the skills that we have not developed in our country. Just because the necessary knowledge is not available does not mean that it cannot be learned. Honduras faces projects aimed at the sustainable development of hydrographic, agricultural, mineral and tourism resources. Public-private alliances, direct and indirect foreign investments and conditional cooperation must be applied strategically. As mentioned, they must be strategic applications and these can be productive as long as the leaders directing the projects have full knowledge of how they operate, the interests at stake and the conditions of such applications..