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Essay on dominican republice economy
Essay on dominican republice economy
Dominican republic level of development
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Matt Haji-Sheikh
Professor Alsalman
April 7th 2017
Macro Econ Section 12248.201710
Case Study Hispaniola, Spanish La Española, second largest island of the West Indies, lying within the Greater Antilles, in the Caribbean Sea. It is divided politically into the Republic of Haiti (west) and the Dominican Republic (east). The island’s area is 29,418 square miles, roughly ⅝ of the island belongs to the Dominican Republic while the other ⅜ belongs to Haiti. However, they both have roughly 10 million people as well as vastly different economic production. There are a lot of factors that are pretty easy to determine why Haiti’s economy has struggled much more than the Dominican Republic despite sharing the same island. The first figure that sticks out the most is the large difference in their GDP per capita. GDP per capita is the is a measure of average income per person in a
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In 1960 Haiti and the DR had the same real GDP per capita at a shade below $800. Now the DR is one of Latin America's fastest growing economies reporting a 7% growth in GDP in 2015. So why did the DR’s economy take the leap that Haiti did not? The DR’s growth can be attributed by an increase in tourist arrivals, rising foreign remittances, and low oil prices as the main factors of growth in the economy. Their tourism industry is thriving and supplying the country with thousands of jobs. The DR was the most visited Caribbean country in 2016 with about 6 million visitors. They also have 40% of the land covered in forest which provides their agricultural sector with good topsoil for their farming. They primarily export sugar, coffee and tobacco. They rely on the USA as a main export destination for their crops making up 7% of their annual GDP. The diversification of their economy and the development of their social service sector provide the DR’s economy with an advantage over
The Dominican Republic is a country appealing to the Haitians, because that is the nearest to them and can have better quality of life. But, in recent years we have seen a massive immigration from Haiti to Dominican Republic. These leads us to ask, what are the reasons which the people of Haiti are fleeing their country. These factors are: to escape of the poverty, deficiency of basic services and lack of jobs. Due to the scarcity of resources, lack of access to basic services and lack of job opportunities, many haitian families have been used as a defense mechanism traditional your transfer to the Dominican Republic to have access to health care services, public schools or work in the agricultural
Today I bring to your forefront of thought, the island of Hispaniola. This island is the namesake for the two countries who run the land, the Dominican Republic and Haiti. Both nations hail from a joint introduction into the world market and post-European colonization, but as time progressed, each one had a different outlook to the world stage. The present day Dominican Republic and Haiti are worlds apart on an island which keeps them together. Their culture is separated by the colonial residuals that lay imbedded into their communities. They are on different sides of the spectrum of structural growth due to the resulting outcomes from decades of political ruling and policy making. On one side we have the second independent state of the Americas,
Casimir, J, & Claypool, M 2012, ‘Going Backwards Toward the Future: From Haiti to Saint-Domingue,’ The Global South, vol. 6, no. 1, pp. 172-192.
The Dominican Republic or also known as La Republica Dominicana is a small island that is 18,816 square miles, located off the coast of Florida. The Dominicans of this land share their island with the Haitians. The island has a subtropical climate, mountains, rolling hills, and fertile river valleys. The economy is mainly dominated by sugar, which still earns much of the country's foreign exchange despite establishment of varied light industries and the development of nickel, mining and tourism. Coffee, cocoa, tobacco, and bananas are also a major export crop. But, despite their seemingly stable economy, and lush landscaping, a vast majority of the estimated 8,603,200 people that live there wish to migrate to the United States. This may be due to the fact that since the time the Dominican Republic was proclaimed in 1844 as a dictatorship, it has come under the attack of bad political leadership, and civil strife. In 1899 the country was bankrupted by civil strife after the murder of Ulises Heureaux, their dictator. Shortly after that the country came under U.S. control. Even under U.S. control the country still suffered from dictators with highly restrictive policies on leaving the island, and harsh economic conditions. These terrible economic conditions only worsened and caused a gigantic influx of immigrants from the Dominican Republic to the United States in the early 80's and even more in the 90's (Hale-Benson, p. 97). The people came in groves to the United States seeking more opportunities and a better life, but they soon learned that they would face many of the same cultural, racial and ethnic barriers that other ethnic immigrants have faced when seeking a new life in a new land. In this paper I w...
Countries that were once colonies went through various stages of evolution in order to develop economically, politically, and culturally while gaining independence. Cuba, a former colony of Spain, has changed drastically throughout the years. Although in some cases, colonialism has had a positive effect on the country in the area regarding education and health care and on the other hand, has created an economic gap between the citizens. The government, social structure, and economy in the country can be compared and contrasted throughout the pre-colonial, colonial, and post-colonial years.
The economics of Haiti has deceased in the last 4 years after the devastating earthquake that struck it 4 years ago. The Haiti economy has become very poor and one of the poorest country in the south, Central America and Caribbean region making it ranked 24 out of 29 countries in this area and its overall score is below average. Haiti’s economic freedom is 48.1 making it economy the 151st freest country while in the last several years Declines in the management of government spending, freedom from corruption, and labor freedom make its overall score 2.6 points lower than last year. Recovering from the disastrous earthquake in 2010 with the support of the U.S. recovering efforts “Haiti’s post-earthquake reconstruction efforts continue, assisted by substantial aid from the international community. Governing institutions remain weak and inefficient, and overall progress has not been substantial. The parliament has not renewed the mandate of the Interim Haiti Recovery Commission, which had been tasked with overseeing reconstruction efforts but was unpopular.”( .heritage.org). The open market of Haiti trade weighted to be 2.1 this is because the lack of tariffs hamper the trade freedom of Haiti. Foreign investors are given national treatment but the investment is small and the financial sector is remained underdeveloped and does not provide any adequate support.
Puerto Rico and Cuba are known to be the two wings of the same bird, mostly because of their great similarities in history, culture, and struggles; yet, because of their differences in achieving their goals of self-government. Cuba was able to have full independence from Spain and have its own form of government; nonetheless, Puerto Rico, after achieving its independence from Spain, was annexed by the United States of America toward the conclusion of the Spanish-American War. Both of these islands, under Spanish rule, survived violent political policies and excessive military personnel in their lands and were able to achieve a form of sovereignty. Puerto Rico and Cuba were the final colonies of Spain in the Western Hemisphere; Cuba gained independence, yet Puerto Rico achieved a different form of sovereignty by becoming a territory of the United States. Moreover, this annexation of Puerto Rico with the US creates a democratic form of colonization; known popularly as a Commonwealth, but to the world Puerto Rico is still known as the oldest colony in the world.
Haiti lifestyle and America lifestyle is different. In Haiti They don’t have the same sources as Americans do. In fact, Most Haitians don’t have Electricity and rely on charcoal for energy. While in America most people are able use stoves or microwaves to prepare food quickly. People in Haiti don’t bathe as much as people in America because they don’t have access to clean or running water. However, In America people are able to bathe every day. In America people often eat 3 meals a day which is breakfast, lunch and dinner. In Haiti they only eat 2 meals a day. Haitians usually eat bread and coffee in the morning and later on the evening they eat fried meat like goat, chicken, pork etc. Americans on the other hand, may eat eggs, bacon, sausages,
Haiti is the unequivocally the poorest country in the Western Hemisphere, indeed, the country is so poor that its citizen cannot even afford eating foods and Haitian children need to eat dirts to stay alive. [1] Nevertheless, Haiti is the home to the only successful slave rebellion; Toussaint Louverture, last governor of French Saint-Domingue, was born a slave.
Haiti is one of the poorest countries in the world. Agriculture is one of the incomes of the population. However, everything changes after the 2010 earthquake. The losses caused by the quake were between 8 billons and 14 billons dollars (Haiti earthquake). Joblessness, the lack of Foodland, the lack of clean water, further affected the economy because people chose to emigrate to other places for work such as the Dominican Republic (Haiti earthquake). Furthermore, “Haiti was a Republic of non-governmental organization to become a Republic of unemployment,” and in order to accomplish an economical growth Haiti needs the investment of companies that can help many of the people find jobs. Companies such Royal Oasis, are creating hundreds of jobs for many Haitians. Thayer Watkins, an economics teacher at San Jose State University, provides his review in his analysis of the Political and Economic History of Haiti, which states more than 80 percent of th...
The Dominican Republic is a nation located in the Caribbean Sea and shares the land with Haiti, and the whole island is called Hispaniola as it was named when Christopher Columbus discovered it during his first voyage in the year 1492. The country has proved to be one of the leading Caribbean countries with accessible healthcare to its citizens and even expats. However, the country has a multinational population with low-to-medium incomes and multi-level access to healthcare based on income. Despite this, improvements to healthcare system can lead to better medical outcomes to all the citizens and even to the suffering citizens of the Haiti. Because the Dominican Republic is an immediate neighbor to struggling Haiti, it is the moral obligation of the Dominican to provide Haitians with access to healthcare.
When comparing two countries, there is bound to be multiple differences between them. No two countries are exactly alike and the aforementioned statement is true when comparing the Dominican Republic and the United States. They differ in location and geography but also have many other differences. Some of the main differences occur in the topics of culture, customs and way of life.
A way to measure a country’s economy is to look at its gross domestic products. This tells the total value of the goods and services that a country produces. In Jamaica, the economy has always been the main problem for the people. It is based primarily on agriculture, tourism, and bauxite mining. The country is very dependent upon tourism, its main source of foreign exchange. Bauxite mining is the principal source of revenue for the country. Most people do not have the opportunity to go to school and also there are not enough jobs for everybody. On the contrary, the United States is wealthiest in terms of economy. They have abundant natural resources, a well-developed infrastructure, and high productivity. Moreover, people have more chances of going to school, and there are more job opportunities for those who graduate as
Scholars have debated not only the nature of Iberian colonialism, but also the impact that independence had on the people of Latin America. Historian Jaime E. Rodriguez said that, “The emancipation of [Latin America] did not merely consist of separation from the mother country, as in the case of the United States. It also destroyed a vast and responsive social, political, and economic system that functioned well despite many imperfections.” I believe that when independence emerged in Latin America, it was a positive force. However, as time progressed, it indeed does cause conflict.
What makes economic growth so interesting is that it enables a country to do so much more than they are financially capable of to date, through economic growth a country can also help to lower the countries deficit. To date The Bahamas government have invested millions of dollars into the economy such as new roads and highways, schools, hospitals, hotels etc. If an economy makes an investment it is to improve and encourage growth within their economy. In my opinion economic growth is beneficial to any economy although there are a number of hurdles that must be crossed to really feel and see the economic growth. This research paper is to enable a better understanding of the economic growth and how The Bahamas has grown and investments that they have made to sustain the economies developments.