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The data indicate that Guatemala is behind other Latin American countries, in terms of lowering poverty rates, but there has been an increase in economic activity in terms of GDP and development. Guatemala's HDI increased from 0.462 in 1990, to 0.525 in 2000, to 0.550 in 2005, and 0.574 in 2011.3 Guatemala ranked 131st in HDI in 2011. [ 30 ]
The history of Guatemala traces back to the Maya civilization (2600 BC – 1697 AD), with the country's modern history beginning with the Spanish conquest of Guatemala in 1524. By 1000 AD, most of the major Classic-era (250–900 AD) Maya cities in the Petén Basin , located in the northern lowlands, had been abandoned.
Klaus Schwab, founder and Executive Chairman of the World Economic Forum, Richard Baldwin and Philippe Martin have divided the history of globalization into four eras: Globalization 1.0 was before World War I, Globalization 2.0 was after World War II "when trade in goods was combined with complementary Globalization 3.0, for which other terms ...
While economic globalization has been in expanding since the emergence of trans-national trade, it has grown at an increased rate due to improvements in the efficiency of long-distance transportation, advances in telecommunication, the importance of information rather than physical capital in the modern economy, and by developments in science ...
Guatemala became a member country of the International Monetary Fund on December 28, 1945. Guatemala holds a quota of 428.6 million Special Drawing Rights and 5,751 votes. [1] Since its membership, Guatemala has had 15 arrangements. Dubbed as "Central America's largest economy," Guatemala has seen a 3.4% Gross Domestic Product
The world growth is projected to slow from 5% in 2007 to 3.75% in 2008 and to just over 2% in 2009. Downward revisions in GDP growth vary across regions. Among the most affected are commodity exporters, and countries with acute external financing and liquidity problems. If a global recession were to occur in its full magnitude, an estimated 100 ...
The spread of English multilingualism is not isolated to the somewhat recent confines of globalization, but has a long colonial history as well. [12] Suhanthie Motha argues that centuries of widespread colonial domination, exploitation, and deliberate English spread have led to modern-day epistemologies about empire and language value. [12]
Climate change in Guatemala is a serious issue as Guatemala is considered one of 10 nations most vulnerable to the effects of climate change. [1] In 2010, Guatemala "ranked second in the world on the Global Climate Risk Index, which indicates the level of exposure and vulnerability to extreme events."