Haiti, Economy

Compared to political history, the economic history of Haiti is relatively simple. Originally, sugarplantation was economic basis of Spanish Colony.In addion to that, coffee, cotton and cacao were the other plantation introduced by the French. The Haitian sugar industry was major
source of sugar for Europe. Sugar offee were the two exports of French colonialism. In the later part of the 20th century tourism became another important source but the public assciations of Haiti increased the scope of AIDS resulting deterioration of tourism industry.
In recent days manufacturing assembly operations became a good substitute since the pay scales of Haiti labors are very low.Haiti has a large source of material for the supply of fuel and other purposes. In this small region a very high amount of biodiversity in proportion of its size.
Haiti is one of the world's poorest and least developed countryIts rank is 146th in 177 countries in the list of Human Development Index.
The literacy rate is 52.9, lowest in the region.