Gassendy Calice

Foreign direct investment and economic growth in Haiti Gassendy Calice

Haiti is an economically virgin country and the available resources are little or poorly exploited. As a result, economic activities aimed at developing the country or promoting growth are not organised in a coherent manner and do not contribute to reducing poverty or lowering the unemployment rate. FDI can be seen as capital injections to revive the Haitian economy. At the end of the Duvalierist regime in February 1986, Haiti experienced political and economic turmoil that led to severe instability in the country. This situation created mistrust among investors who did not have a convinced image of the economic system and were afraid to invest their capital in the country. The political instability of the country and the legal and structural constraints are forcing the establishment of FDI in Haiti. Haiti is notorious for poor governance and increased political instability, which continue to be perceived by donors and foreign investors, resulting in considerable fluctuation in the level of FDI flows into the country.