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amarksp

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amarksp

Re: None

Wednesday, 09/08/2004 6:01:28 PM

Wednesday, September 08, 2004 6:01:28 PM

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Nicaragua Economy

http://library.thinkquest.org/17749/economy.html?tqskip1=1

August 2004 article
http://www.post-gazette.com/pg/04237/366377.stm
" Turnaround. What has Nicaragua done to produce such profound change? For one, the democratic process rules the country. Since 1990, voters have turned out in record numbers to vote in three consecutive democratic presidential elections leading to peaceful transfers of power. The police force has been professionalized and is controlled by civilians. The army has been reduced from more than 100,000 troops to about 7,000. Elected leaders have developed realistic budgets, instituted tax reforms and restructured underperforming banks and domestic debt."

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