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 Dominican Republic

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

In fact, the Dominican Republic has shown significant economic improvements in the past few decades, standing as one of only three Central American ***** to have a per capita GDP that ***** 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 one of ***** most significant issues facing the people of the nation, especially those who live in rural areas. It is ***** individuals who ***** been particularly hard-h***** by the rigors of poverty. One of ***** ***** troubling contributing *****ors that affects poverty in the nation is the high level of public debt that ***** government has incurred from international organizations like the IMF or the World Bank. In all of ***** America, including the Dominican ***** (though interestingly excluding Guatemala) the average national debt s*****od at 47% of the ***** ***** at ***** end of the 2006 fiscal year (Schipke). With national debt at levels this high, it is little wonder ***** poverty continues to dominate domestic *****sues in the Dominican Republic. The sheer amount ***** money it takes ***** pay this outstanding ***** is ***** that could have ***** spent on social services and domestic programs to strengthen the ***** and lift the impover*****hed out of their circumstances.

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


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