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Will China invest $30 billion in Haiti?

Summary:
The People’s Republic of China is preparing to carry through with plans to invest a massive US billion in developing Haiti’s infrastructure, including power plants, sanitation works, water systems, railways, affordable housing, and marketplaces, in an agreement that is expected to have a major social, economic, and developmental impact. This week, workers have started to be contacted for the approximately 20,000 jobs needed to carry out the ambitious initiative, Haitian press has reported. Here is further information.  To put the sum in perspective, Haitian gdp is about billion at market exchange rates. The post Will China invest billion in Haiti? appeared first on Marginal REVOLUTION.

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The People’s Republic of China is preparing to carry through with plans to invest a massive US$30 billion in developing Haiti’s infrastructure, including power plants, sanitation works, water systems, railways, affordable housing, and marketplaces, in an agreement that is expected to have a major social, economic, and developmental impact.

This week, workers have started to be contacted for the approximately 20,000 jobs needed to carry out the ambitious initiative, Haitian press has reported.

Here is further information.  To put the sum in perspective, Haitian gdp is about $8 billion at market exchange rates.

The post Will China invest $30 billion in Haiti? appeared first on Marginal REVOLUTION.

Tyler Cowen
Tyler Cowen is an American economist, academic, and writer. He occupies the Holbert C. Harris Chair of economics as a professor at George Mason University and is co-author, with Alex Tabarrok, of the popular economics blog Marginal Revolution. Cowen and Tabarrok have also ventured into online education by starting Marginal Revolution University. He currently writes the "Economic Scene" column for the New York Times, and he also writes for such publications as The New Republic, the Wall Street Journal, Forbes, Newsweek, and the Wilson Quarterly.

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