Honduras is far from being on track to become a developed country. At its current pace, it will take 160 years for Honduras to achieve a similar GDP per capita to that of the United States today. Yet there seems to be little hope for a top-down shift in policies and meaningful improvement of Honduras’s present-day institutions.
Nonetheless, the successful implementation of an SEZ could change this pessimistic outlook.
In this study, we attempt to estimate the (potential) impact of a successful ZEDE in Honduras on the material well-being of its citizens, as well as providing a list of policy recommendations to achieve a successful ZEDE. If implemented successfully, a ZEDE could empower a significant group of Hondurans and achieve meaningful GDP growth over the coming decades.