Quake crushes Haiti’s economic revival

Nation was moving toward stability, growth when disaster struck

By John W. Schoen

Senior producer
msnbc.com
updated 12:27 p.m. PT, Fri., Jan. 15, 2010

This is an especially cruel moment for the people of Haiti.


Decades of political upheaval that thwarted economic development in Haiti began giving way last year to a semblance of stability. But a push to promote jobs in industries like garment manufacturing was dealt a serious blow by this week's devastating earthquake.




After decades of political corruption, civil unrest and massive unemployment, the tiny, impoverished country was just recently enjoying a small measure of stability. A series of public and private initiatives had spurred hope that economic development might finally end the misery of millions of people living on less than two dollars a day.


But the massive earthquake that flattened Haiti’s capital, left millions homeless and killed an estimated 50,000 also crushed hopes that the Western hemisphere’s poorest nation was beginning to dig itself out of abject poverty.




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