What Haiti needs to do to improve their economy

If you have been keeping up with Haiti or just recently noticed Haiti due to some recent controversy then you probably realized that Haiti is not in the best shape.

In the 2016, Haiti exported $1.15B and imported $3B, leaving them with a negative balance of 1.85b. The top countries that lead in exports have something in common. Their top exports are either computers, broadcasting networks, or integrated circuits. For those who don’t know, an integrated circuit is just a very advanced electrical circuit, it is made from different electrical components such as transistors, resistors, capacitors and diodes, that are connected to each other in different ways. So basically, the top countries dominate in tech or telecommunications. Haiti’s top exports are knit t-shirts, knit sweaters, and non-knit suits. Now, you have labor jobs vs tech jobs; Marcus Garvey once stated, “The battles of the future, whether they be physical or mental, will be fought on scientific lines, and the race that is able to produce the highest scientific development, is the race that will ultimately rule.“. This is true but Haiti is not in shape to be in competition with other countries. I have always believed in focusing on yourself, wellbeing, and not on what others are doing.

What needs to happen is an increase of jobs for a majority of people in Haiti, period. Call centers, manufacturing, and BPO, also known as Business Processing Outsourcing are the top outsourced jobs. Those jobs will get Haitians on their feet and I also think those jobs could employ the most. Haiti’s GDP is a measly $846 per capita and Fifty-nine percent of Haitians live under the national poverty line of $2.41 a day. This is not good at all!

Another suggestion would be internet access to a majority of Haitians. With growth in entrepreneurship, a large amount of people are creating blogs, YouTube channels, teaching web courses, etc. If you have great content, people will come. This can be an upside compared to spending tens of thousands of dollars attending college when you do not have the means to begin with and are being left in crippling debt. By the end of 2016, according to internetlivestats.com only 1.3M people in Haiti could access the internet in a population of 10.8M, meaning only 12.1% of the population had internet access. While there is not a direct correlation between internet users and the success of a country, there is no denying that it can be very beneficial to my Haitian people. I believe these two suggestions could provide an immediate impact to Haitians on the island.

 

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