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What is Economic History of Guatemala about?
The Guatemalan economy has been dominated by agriculture from the Maya era to the present day. During the colonial period and independence, agriculture, especially coffee cultivation, was the main economic activity. In the 20th century, the import substitution industrialization model partially failed, while the 1980s were marked by an economic crisis. Currently, Guatemala has an emerging economy with macroeconomic stability, although high levels of poverty persist.
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- ScribdTranslations
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