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“Visually stunning” may be the best way to describe this Central American country that boasts lush valleys and rainforests, stunning mountains, lakes and volcanoes, picturesque beaches, and Spanish-colonial towns among its most beautiful features.
Bordered by the Pacific Ocean on the west and the Caribbean Sea to the east, the largest country in Central America truly is a feast for the senses.
Absolute poverty, the product of poor distribution of wealth has been defined as a condition of life so limited by malnutrition, disease, illiteracy, low life expectancy, and high infant mortality as to be beneath any rational definition of human decency.
In Nicaragua, as elsewhere, hopes for achieving a better life were frustrated by persistent inflation, marked by an increase in petroleum prices and the consequent rise in unemployment and underemployment.
The damage that occurred to housing during the insurrection amounted to 38 million dollars, according to the estimates of the Ministry of Housing and human Settlements, and there was a shortage of some 500,000 units.
There was considerable illegal exportation of cattle during the insurrection.
While the economy has seen considerable growth in recent decades, the benefits of this growth have largely been absorbed by the Somozas, their close supporters, and members of the traditional oligarchy.
But much of this is foreign-owned and a good deal of the remainder is dominated by the Somoza family and often serves more as a subsidized and protected agency for the employment of relatives and retired Guardia Officers than as any real contribution to the national economy.
A third of all children in Nicaragua are malnourished and only 29% of children finish their primary schooling.
According to the only study on income distribution in Nicaragua, which was done in 1970, 5 percent of the population received 28 percent of the national income, while 50 percent of the population received only 15 percent of the income, with me middle levels receiving the balance.