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 *****

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

In fact, ***** 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 has surpassed levels recorded in ***** 1970s (Schipke). With such a prom**********g economic outlook, it might come *****s a shock to some observers th*****t poverty is pervasive and systemic in the ***** Republic. It represents one of the most significant issues facing the people ***** ***** nation, ***** those who live in rural areas. It is those individuals who have been particularly hard-hit by the rigors of *****. One ***** the most troubling contributing factors that affects poverty in the ***** is the high level of public ***** that ***** government has ********** from international organizations ***** the IMF or the World Bank. In all of Central America, including ***** Dominican ***** (though interestingly excluding Guatemala) the average national debt stood at 47% of ***** ***** ***** at the end of the 2006 fiscal year (Schipke). ***** national debt at ***** this high, it is little wonder ***** poverty continues to dominate domestic ***** in the ***** Republic. The sheer amount ***** money it takes to pay this out***** debt is money that could have ***** spent on social services and domestic programs to strengthen the economy and lift the impoverished out of their circumstances.

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


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