History Of Honduras

The essay to follow will present the theory of development discourse a term used by US president Truman in 1949 to describe those areas of the underdeveloped (Routledge 2002), and how it will apply the theory to the country of Honduras. While the intended is not to discussed the entire colonial history of Honduras, it is however imperative to know the Spaniard era of colonization which began in 1523 and lasted for nearly 300 years. Until independence was gain in 1821 (this is Honduras 2007). What fallows will detail Honduras relationship with the International Monetary Fund (IMF) and will present the most prominent economic, political, social and environmental problems the country has face in its post-colonial era. The construction of the world into developed and underdeveloped areas and the articulation of a remedy to this situation formed the basis of the discourse of development (Routledge, 2002). In line with the course of development the vast majority of countries in Central America turn to the IMF for support, as did Honduras. According to the IMF financial records Honduras has not have much of a significant relationship with the IMF since 1998 when they took their last loan of $47,500,000 dollars (IMF.org) the reason why Honduras took a huge loan for the IMF in 1998 was because Honduras was devastated that year by hurricane Mitch which cause over 5,000 deaths and over 3 billion dollars in crops and also because in previous years the country had many conflicts with neighboring countries like Costa Rica and el Salvador causing wars in 1990 and the again in 1991 (this is Honduras, 2007). However relationships between Honduras and the IMF have completely deteriorated because the IMF has cut funding Honduras because in 2009 the current president of that year Manuel Zelaya suffer a military coup which lead to decision that Honduras would be completely cut off of any international agency and any trade agreements organizations until Manuel Zelaya was stated back to power or the President Micheleti step down from power (The Guardian, 2009). The country of Honduras has had many significant occurrences along its history dating back even before the post-colonial era, but by far the most significant event in all its history has been the military coup that that occurred in 2009. Manuel Zelaya who was the current president of Honduras was deposed in a military coup (Monster fact, 2010).the reason for the military coup was because Zelaya wanted to extend the presidential limits by holding a constitutional referendum, which the Supreme Court had ruled was illegal (this is Honduras 2010), which led to Roberto Micheletti with the backing of the Honduran Congress, courts, and military assumed leadership of the divided country . This cause major issues not only in the internal affairs of Honduras but also on an international scale having countries such as the US and Venezuela among others demanding that Manuel Zelaya would be stated back into power

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History Of Honduras

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