Haiti is an extremely poor and underdeveloped country. According to the World Bank, Haiti ranks 174 in ability to “do business” out of 183 economies. More specifically, it ranks 145 in “trading across boarders”. This being said, the United States is still Haiti’s biggest trading partner, making the relationship between the two nations conducive to doing business. There is a very small percentage of wealthy elite that engages in importing and exporting. Opinions about these entrepreneurs vary, but they are crucial to the Haiti’s economic development as they are the only ones capable of long-term investment.
Haiti is a semi-presidential republic that runs as a multi-party system. The President serves as head of state and is directly elected by popular vote. The Prime Minister serves as head of government. Today, the political climate is still unstable due to the 2010 earthquake. Corruption and bribery are common problems, which can make foreign business difficult to do. According to an article on BBC news, China and India have a history of being the most willing to pay bribes in order to do business in Haiti. This situation could definitely present Pfizer with some difficulties in trying to enter the Haitian market.
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