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 Republic

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

In *****, the Dominican Republic has shown significant economic ********** in the past few decades, standing as one of only three Central American nations to have a per capita GDP that has surpassed levels recorded in ***** 1970s (Schipke). With such a promising economic outlook, it might come as a shock to some observers th*****t poverty is pervasive and systemic in the Dominican Republic. It represents ***** of ***** most ***** issues facing the people ***** ***** nation, especially those who live in rural areas. It is those individuals who ***** been particularly hard-h***** ***** the rigors of *****. One ***** the most troubling contributing factors that affects poverty in the nation is the high level of public ***** that the ***** ***** incurred from inter*****al organizations ***** 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 ***** ***** GDP at the end of the 2006 fiscal year (Schipke). With national debt at ***** this high, it is little wonder ***** poverty continues to dominate domestic ***** in the ***** Republic. The sheer amount of money it takes ***** pay th***** outstanding debt is ***** that could have ***** spent on social services and domestic programs to ********** the economy and lift the impoverished out of their circumstances.

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


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