"Why is Haiti Poor?"
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Reuters AlertNet
"Why is Haiti Poor?"
The earth was still shaking in Haiti when the questions started. Among the toughest and most important: Just why is Haiti the poorest country in the western hemisphere?
Economist Tyler Cowen offers a few theories in his blog Marginal Revolution. (Thanks to Yale economist Chris Blattman for the reference.) Cowen proposes the historic (premature independence), financial (huge debt to France that took 100 years to pay off following the revolution), agricultural (ways of growing coffee and sugar cane). And of course, there is the political (the Duvalier clan wrecked Haiti).
Cowen concludes that he is not particularly satisfied with any of these reasons.
