There is a growing expatriate community, the majority of whom move for business, investment or retirement from United States, Canada, Europe, Taiwan, and other countries the majority have settled in Managua, Granada and San Juan del Sur.

As of 2005, over 4.4 million inhabitants live in the Pacific, Central and North regions, 2.7 in the Pacific region alone, while inhabitants in the Caribbean region reached an estimated 700,000. The most populous city in Nicaragua is the capital, Managua, with a population of 1.2 million (2005). Nicaragua's population has a comprises mainly 69% mestizo, 17% white, 9% black and 5% amerindian this fluctuates with changes in migration patterns. The two autonomous regions are 'Región Autónoma Atlántico Norte' and 'Región Autónoma Atlántico Sur', often referred to as RAAN and RAAS, respectively. The departments are then subdivided into 153 municipios (municipalities). This way, there would be a clear differentiation between the head of government (Prime Minister) and the head of state (President).įor administrative purposes Nicaragua is divided into 15 departments (departamentos) and two self-governing regions (autonomous communities) based on the Spanish model. The Judiciary is independent of the executive and the legislature.Ĭurrently, Nicaragua's major political parties have been discussing the possibility of going from a presidential system to a parliamentary system. Legislative power is vested in both the government and the National Assembly. Executive power is exercised by the government. Politics of Nicaragua takes place in a framework of a presidential representative democratic republic, whereby the President of Nicaragua is both head of state and head of government, and of a multi-party system. The population of Nicaragua is 5,785,846 (source: ) The origin of the name Nicaragua is unclear one theory is that it was coined by Spanish colonists based upon the name of the local chief at that time, Nicarao another is that it may have meant 'surrounded by water' in an indigenous language (this could either be a reference to its two large freshwater lakes, Lake Nicaragua and Lake Managua, or to the fact that it bounded on the east and the west by oceans). Falling within the tropics, Nicaragua sits 11 degrees north of the Equator, in the Northern Hemisphere. The Pacific Ocean lies to the west of the country, the Caribbean Sea to the east. The country is bordered by Honduras to the north and Costa Rica to the south. It is the largest state in Central America with an area of 130,000 sq km, about the size of the state of New York. Nicaragua - officially the Republic of Nicaragua (Spanish: República de Nicaragua) - is a representative democratic republic. 10.1 Interesting Virtual Campus Initiatives.6.1 Issues of private universities and accountability.

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