Why is Panama Succeeding and Nicaragua is Failing?

About 1 billion people in the world live in extreme poverty. Paul Collier believes that this group is "the lowest billion". He lives in a country surrounded by economic and social situations (ie, civil war, illness, social atrophy, etc.) that was prevalent in the 14th century, he thus identifies them. At the same time, the remaining 5 billion people live in a country experiencing an unprecedented level. Economic growth and happiness (Collier, pp. 3-5).

Nicaragua is the largest country in Central America (excluding Mexico) and is considered as a complement to Panama's sea canal. Mainly agricultural culture (60% of Nicaraguan exports) from 2007 to 2009, tourism growth has affected Nicaragua's foreign direct investment by about 79%. Nicaragua has many cultural norms and values ​​in the majority of Central America, but still has a unique culture. The culture of Nicaragua is divided into a more traditional Hispanic formal culture, a new revolutionary equalityism and an informal culture. Like most Central America, the Roman Catholic Church also has most of its supporters and minimal political influence, giving social structure and hierarchy.

Nicaragua was originally a colony established by Panama in Panama in the 16 th century. People of Nicaragua declared independence from Spain on September 15, 1821. In 1838, the country became an independent republic. Early in the 19th century, the British Empire occupied the Caribbean coast of that country. Over the years, the Nicaraguan government finally became stronger and the influence of the UK gradually calmed down. In 1961, Frente Sandinista de Liberacion Nacional (FSLN) was established in Havana, Cuba. The development of FSLN represents the merger of Carlos Fonseca's Nicaragua Patriotic Youth Organization ... with Tomas Borge's Cuban Assistance Rebellion Organization. Managua, shake the capital of Nicaragua