Haiti: Lending Institutions, Health Care, and Human Capital Essay

1535 Words Feb 24th, 2015 7 Pages
Haiti: Lending Institutions, Health Care, and Human Capital
SOC 300
5 March 2015

Haiti: Lending Institutions, Health Care, and Human Capital Due to capital limitations, most governments, particularly in the developing nations borrow funds from their bilateral friends and organizations such as World Bank and International Monetary Fund (IMF) in earnest to enable them pursue development projects, and sometimes to correct balance-of-payment deficits. Nevertheless, such governments must adhere to some outlined conditions that are spelt out in the article of agreement in order for them to secure the loans; otherwise, the loans are withheld (White, 2012). Equally, a healthy population significantly contributes to economic development of
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Secondly, having a healthy population translates to low treatment cost both to the government and to the citizens. As a result, funds that would have been spent on medication and purchasing medical facilities are channeled by the government to other economic development projects such as investing more in education, or development of infrastructure. Equally, households can also use the saved money to improve their living standards or invest it (Frankema & Masé, 2014). Therefore, a healthy population in Haiti enables households to lift their economic standards, and the government to invest in other economic development projects, culminating to overall economic development. Thirdly, a healthy population also leads to improved learning. This is due to the fact that citizens and their respective government can invest in education as they save on treatment. As a result, the nation is able to produce more manpower that can drive her economy (Frankema & Masé, 2014). Therefore, a healthy population in Haiti means that more investment can be directed towards education; hence enable it to train and produce more proficient manpower that can drive her economy forward. Lastly, a healthy population means reduced levels of poverty due to adoption of family planning methods. Aristide (2013) argues that large families lead to high

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