PESTEL Analysis of Haiti
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PESTEL Analysis of Haiti

  • Government initiative plays a crucial role in the development of business.


The country is politically unstable.

P

Political

  • It is very crucial to keep on technologically updating their factories and manufacturing units.


Electricity is a fundamental requirement for factories and industrial establishments.

T

Technological

  • There is a lack of educated population, and there is less number of experienced or educated labor.


Labor is a very significant element for business investment

S

Sociological

  • The extensions of acts like HELP and HOPE have helped the state's economy to some extent.


The country is gradually improving its infrastructure for small-scale industries, which may help the nation to increase its GDP.

E

Economics

  • As Haiti is very prone to natural disasters, it is pretty challenging to set up factories and shops.


The country has experienced a sudden thinning in forest density and climate change.

E

Ecological

  • The country needs to make proper laws to protect their forest.


There should be laws to increase the rate of literacy.

L

Legal

PESTEL Analysis of Haiti

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publish time: 2021-07-02
Lisa Anderson

It is essential to know about the country’s background to conduct a PESTEL analysis. Haiti is the third-largest country in the Caribbean Sea and is highly dependent on natural resources, external aids, and contracts with other countries. The PESTEL Haiti shows how the country’s geographical location and lack of management resulted in its weakened states. Though the country is gradually developing and has seen a higher GDP in recent years, they need strict laws and proper management to strengthen their economy for further growth.

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