Firms considering expansion of domestic operations into foreign countries require balanced and specific information about the international marketplace. This research examines the political economy, economic development, culture, existing trade relationships, ease of entry, and monetary considerations in the country of Honduras. Based on the research, a recommendation about the country’s attractiveness for foreign direct investment or export is made.
Overview of Honduras
Geography
Honduras is located in Central America. It borders the Caribbean Sea, between Guatemala and Nicaragua. Honduras also borders the Gulf of Fonseca (North Pacific Ocean), between El Salvador and Nicaragua. The geographic coordinates are 15 00 N, 86 30 W. There are two map references and they are Central America and the Caribbean Sea. The area total is 112,090 sq. km. This total area consists of land and water. The land total area is 111,890 sq. km and the water total area is 200 sq. km. Honduras is …show more content…
It is also one was the largest and best-equipped ports in Central America. Because this port is a well-functioning infrastructure for Honduras, they can better export goods through sea-vessels. The Central America Business Consultants suggest that Port Cortes has the largest docking space spanning 4000ft, maintaining a capacity of 10 vessels, a distance of 48 hours by sea to Miami, and a container service which makes exporting more efficient and timely (Central America Business Consultants, 2015.)
Telecommunications in Honduras are modern and provide support to international business. Central America Business Consultants tell us that these modern telecommunications systems have reliable telephone and FAX machines. They also have Internet in Honduras. Many providers have broadband connections, which allows lower cost in networking and voice communications throughout the world (Central America Business Consultants,
Overview of Honduras
Geography
Honduras is located in Central America. It borders the Caribbean Sea, between Guatemala and Nicaragua. Honduras also borders the Gulf of Fonseca (North Pacific Ocean), between El Salvador and Nicaragua. The geographic coordinates are 15 00 N, 86 30 W. There are two map references and they are Central America and the Caribbean Sea. The area total is 112,090 sq. km. This total area consists of land and water. The land total area is 111,890 sq. km and the water total area is 200 sq. km. Honduras is …show more content…
It is also one was the largest and best-equipped ports in Central America. Because this port is a well-functioning infrastructure for Honduras, they can better export goods through sea-vessels. The Central America Business Consultants suggest that Port Cortes has the largest docking space spanning 4000ft, maintaining a capacity of 10 vessels, a distance of 48 hours by sea to Miami, and a container service which makes exporting more efficient and timely (Central America Business Consultants, 2015.)
Telecommunications in Honduras are modern and provide support to international business. Central America Business Consultants tell us that these modern telecommunications systems have reliable telephone and FAX machines. They also have Internet in Honduras. Many providers have broadband connections, which allows lower cost in networking and voice communications throughout the world (Central America Business Consultants,