With its unstable political environment, significant security concerns, and 60% of its population in poverty, the Honduran economy is developing. Like many other countries in Central America, the cause of this fragile economy is underpinned by centuries of colonization. Along with their ships and guns and disease, The Spanish Conquest brought economic inequality to the Americas, concentrating land and wealth into the hands of a few elite families. The legacy of Spanish colonization includes the concentration of land and wealth in the hands of a few elite families, which has contributed to economic inequality and political power imbalances.
Honduras is a member of several international organizations, including the United Nations, the Organization of American States (OAS), and the Central American Integration System (SICA). The most significant organization, however, is CAFTA-DR, a trade organization between Central America and the United States. This reflects Honduras’ affinity to involve itself in the United States economy as much as possible. The trade organization gives tools for United States businesses to engage with the Honduran market, like Maquiladoras, foreign manufacturing operations that take advantage of lower labor costs (providing both economic stimulation and ethical questions).
https://www.trade.gov/country-commercial-guides/honduras-trade-agreements
