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Friday, 20 October 2017
 
 
   
  THE PATH TO PHENOMENAL GROWTH
 
The HAITIAN STOCK EXCHANGE (HSE) is poised to be launched. With its launch, there will be set in motion one of the biggest business opportunities in Haiti in the last fifty years.
   
  HSE‘s goals are far reaching as they vary among other activities:
  - From encouraging the formation of new businesses, to the expansion of all the economic sectors.
  - From the facilitation of the flow of capital to Haiti, to the growth of per capita income.
  - From the reduction of poverty, to a general increase in the aggregate level of output, employment and wealth.
   
  HAITI AND ITS CARIBBEAN NEIGHBORS
 
There is empirical evidence to suggest that, within the last three years, the rate of growth of GDP in Haiti has trailed the rate of growth of GDP of many other countries in the Caribbean Basin. It is often argued that the lag is due to three main factors:1. A lack of financial infrastructure to attract capital2. Insufficient capital investment per worker3. Inadequate and underutilization of human capital.
   
  QUESTION OF FINANCIAL INFRASTRUCTURE
 
The lack of financial infrastructure is well captured in the fig (1) It is reflected directly in the level of GDP produced in Haiti and it is best seen when GDP in Haiti is compared to the GDP of other countries in the Caribbean region.It is argued in most of the development literature , Increasing GDP necessarily requires the flow of foreign direct investment .Foreign direct investment does not just happen. It generally goes to countries where there exists reliable financial infrastructure
   
 
 
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