How is Guatemala's economic experience post War II different from Mexico's
Guatemala's economic experience post War II is different from Mexico's in several ways:
1. Political instability: Guatemala has faced prolonged periods of political instability and conflict, particularly during the 36-year civil war that lasted from 1960 to 1996. This has had a significant impact on the country's economy, leading to underdevelopment and widespread poverty.
2. Dependency on agriculture: Guatemala's economy has traditionally been heavily dependent on agriculture, particularly coffee, bananas, and sugar. This has made the country vulnerable to fluctuations in global commodity prices and limited its ability to diversify its economy.
3. Limited industrialization: Guatemala has lagged behind Mexico in terms of industrialization and manufacturing development. Mexico has a more diversified economy with a stronger manufacturing base, which has helped drive economic growth and reduce reliance on agriculture.
4. Income inequality: Guatemala has one of the highest levels of income inequality in Latin America, with a large proportion of the population living in poverty. This has been exacerbated by the country's historical legacy of social exclusion and discrimination.
Overall, Guatemala's economic experience post War II has been characterized by political instability, reliance on agriculture, limited industrialization, and high levels of income inequality, which sets it apart from Mexico's more dynamic and diversified economy.