The economic development in Central America and the Caribbean countries has suffered from problems mentioned below: a, substandard educational system b. Prolonged U.S military intervention c. exports were affected due to weak currency d. rich middle class e. Poverty

The economic development in Central America and the Caribbean countries has suffered from problems mentioned below: a, substandard educational system b. Prolonged U.S military intervention c. exports were affected due to weak currency d. rich middle class e. Poverty

Understanding Management (MindTap Course List)

10th Edition

ISBN:9781305502215

Author:Richard L. Daft, Dorothy Marcic

Publisher:Richard L. Daft, Dorothy Marcic

Chapter3: Managing In A Global Environment

Section: Chapter Questions

Problem 7GL

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Concept explainers

Economic Trends

An economic trend is the long-term direction of an economy. The trend can go up, down, or sideways. An upward trend means the economy is growing and wages are rising. A downward trend means the economy is shrinking and unemployment is increasing. A sideways trend means the economy is neither growing nor shrinking.

Question

The economic development in Central America and the Caribbean countries has suffered from problems mentioned below:

a, substandard educational system

b. Prolonged U.S military intervention

c. exports were affected due to weak currency

d. rich middle class

e. Poverty

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