Essay - Dominican Republic the Impact of International Debt on Poverty and...

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Dominican Republic

The Impact of International Debt on Poverty and Development in the Dom*****ican *****

In Third World countries like the Dominican Republic, there can be no question that poverty is rampant and development is slow in manifesting. Unfortunately, pinpointing the precise causes of poverty is not as e*****y as *****serting it is the fault ***** ***** government, or that ***** is caused by unjust economic practices. Despite the ambiguity, it ***** possible to highlight some of the fac*****rs ***** influence ***** extent of poverty and the lack ***** ***** in Third World nations, especially the ***** Republic. In fact, it is apparent after ***** examination that the heavy burden of debt the nation carries ***** influential in the persistence of poverty in the country, especially when we consider that otherwise the economic indicators suggest ***** ***** strength of the Republic's economy is improving. The purpose of this study is to trace the effect the ***** has on poverty and development in the nati*****, the impact that ***** has on the choices available to its citizens, ***** what strategies could ***** implemented ***** improve the situation ***** the Dominican Republic.

In fact, ***** Dominican Republic has shown significant economic ********** in the past few decades, standing as one of only three Central American ***** to have a per capita GDP that has surpassed levels recorded in the 1970s (Schipke). With such a prom*****ing economic outlook, it might come as a shock to some observers that poverty is *****vasive and systemic in the ***** Republic. It represents one of the most significant issues facing the people ***** the *****on, especially those who live in rural areas. It is ***** individuals who ***** been particularly hard-h***** by the rigors of poverty. One ***** the most troubling contributing ********** that affects poverty in ***** nation is the high level of public debt that ***** government has incurred from inter*****al organizations like the IMF or the World Bank. In all of ***** America, including ***** Dominican Republic (though interestingly excluding Guatemala) the average national debt stood at 47% of ***** national ***** at the end of the 2006 fiscal year (Schipke). ***** national debt at levels this high, it is little wonder that poverty continues to dominate domestic ***** in the ***** Republic. The sheer amount of money it takes to pay this out***** debt is ***** that ***** have ***** spent on social services and domestic programs to ********** the ***** and lift the impoverished ***** of their circumstances.

Of course, critics could po*****t out, why should we expect that increased spending on ***** services would ***** any effect ***** the level ***** ***** in ***** Dom*****ican Republic? The reality is, however, that numerous studies—some specifically focused on the Dominican Republic—have demonstrated that ***** is a direct connection between certain aspects of society and poverty levels. For example, ***** "Dominican Republic Poverty Assessment," produced by the World Bank, found ***** there are strong correlations ***** ***** and the following factors: access to healthcare


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