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Chris Carella
@ccarella.eth
on Honduran ZEDES: A major goal for Special Economic Zones is to increase foreign investment. Honduras has had a lot of foreign investment leave over governance concerns, security, policy and regulatory uncertainty, etc. Foreign investment is down from levels of the 90's and early 00's when there was more stability. Honduras has limited natural resources or giant pools of Capital but has an incredible labor pool of hardworking people, thus requires foreign investment to build warehouses, manufacturing facilities, textiles, call centers, etc. Additionally, Honduran entrepreneurs require foreign investment to capitalize their own new companies and flywheel of capitalism. Without foreign investment there is a lack of opportunity. There are many examples of Special Economic Zones working from Shenzhen to Mexico.
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Chris Carella
@ccarella.eth
All of the negative press I've read fails to consider what its actually like to live on the ground in Honduras and how little access their is to economic progress and opportunity. There is a brain drain where educated Hondurans desperately try to get to the U.S., Canada or Europe and has created conditions where much of the remaining labor force desires and/or tries to leave by whatever means necessary. (writing this from my home in Tegucigalpa)
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