by Richard Rahn
December 2, 2015
Tegucigalpa, Honduras. Why has Honduras lagged behind its neighbors and much of the rest of the world?
It is resource-rich, has deep-water ports both on the Caribbean Sea and the Pacific Ocean, is very scenic and, because of its mountain terrain, has sub-climates that meet most people’s preferences.
As can be seen in this table, Honduras compares poorly with neighboring countries and some other countries of similar size. Guatemala next door has a per capita income roughly 50 percent higher, Costa Rica three times higher, Chile five times higher, and Switzerland and Hong Kong about 12 times higher than Honduras’.
