Nov 8, 2017 in Economics

Economic Analysis of Paraguay

Paraguay is located in the north-east of Argentina near the central south America. Paraguay has a total size area of 407,750 square km. Paraguay has no coastline; this makes it have access to the outside world by only means of the para-paraguay river method. Paraguay other neighbors are Bolivia to the west and brazil to the east. Important towns in Paraguay are Pedro Juan Caballero, Villarreal, Ciudad del Este, Concepción, Coronel Oviedo, and Encarnació (Adrian, 2000). Paraguay geographical borders are mainly rivers. The main Paraguay river known as para-paraguay divides the country into two unequal sizes-the the Oriental part lying in the east part and the Occidental part which lies in the west

As per the census carried in the year 2007, Paraguay had a population of about 7 million. Paraguay is a under developed, poor and landlocked country. The country was originally occupied by semi-nomadic and Amerindian people who language of communication was Guaraní. Paraguay traces its birth from 16th century when Spain came and explored the county accompanied by the catholic priests. Catholic priest and Spanish explorers introduced the Spanish language and the early education which till today have remained to be the influential to the people of Paraguay (Adrian, 2000).

Paraguay has an area known as Chaco which is inhabited by 5% of the population. Paraguay with only 7 % arable land, it has 32% forest and 55% pasture areas. The country remains to be among the least populated areas in the whole South America continent. Its rate of rural-urban migration has been 34.7% which is the 2nd lowest in the continent. In 1990, most of the active population depended on agriculture for survival, and about of the 65 % of the country’s land was divided into tiny plots of 8 hectares and less (Adrian, 2000).  By the l 1995, Paraguay had a labor force of 1.5 million workers where 40% of the workforce worked in agriculture. By 1996 Asunción being the only largest city in Paraguay had a population of over 600 million.

The terrain of Paraguay terrain is divided into two sections: Paraneña (Eastern) and Chaco (western) .Paraneña landform range from mountains to lowlands, the highest altitude occurring near the edge of brazil .Chaco's is characterized with a dry winds. 60 % of Paraguay land is parched and flooded and about 90 % of the total population resides in Paraneña.

Paraguay faces a tropical climate in the Chaco region and a subtropical in the Paraneña region. The Paranoia section has a lot of humidity, abundant rainfall throughout the year and moderate levels of temperature. The Paraneña section has two different seasons: winter which run from may to august and summer which runs from October to march. Between April and September the temperatures are average and the lowest may drop below freezing point. Chaco experiences a dry and wet climate. The Chaco section experiences variation seasons. Chaco has high temperature throughout the year, however, their is drop in the winter seasons.

Paraguay's has a highly centralized government that was officially adapted in 1992 after a constitution change. The government provides for a division of power between the country’s governing bodies. The country’s president is elected for a five year term; the president is responsible for appointing the cabinet. The bicameral Congress is composed of 45 member state and 80-menber assembly of deputies who are elected at the same time with the president based on a proportional representation method (Nicks, & John 2000). Senators are elected on nationwide while deputies are elected by the government department. A governor who popularly is elected is the head of each department in the government. The highest judicial body Paraguay is the Supreme Court.

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