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 questi***** that poverty is rampant and development is slow in manifesting. Unfortunately, pinpointing the precise causes of poverty 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 of development in Third World nations, especially the Dominican Republic. In fact, it is apparent after ***** examination that ***** heavy burden of debt the nation carries ***** influential in the persistence of poverty in the country, especially when we consider that o*****rwise the economic indicators suggest that ***** strength of the Republic's economy is improving. The purpose of this study is to trace ***** effect the ***** has on poverty and ***** in the nati*****, the impact that ***** has on the choices available to its citizens, and what strategies could ***** implemented to improve the situati***** in the Dominican Republic.

In fact, ***** Dominican ***** 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 *****s a shock to some observers th*****t poverty is ********** and systemic in the ***** Republic. It represents ***** of ***** most ***** issues facing the people of ***** nation, especially those who live in rural areas. It is ***** individuals who have been particularly hard-hit ***** the rigors ***** poverty. One of the most troubling contributing fac*****rs that affects poverty in ***** ***** is the high level of public debt that the ***** 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 ***** ***** GDP 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 ***** money it takes to pay th***** out***** debt is ***** that ***** have been spent on social services and domestic programs to strengthen the economy ***** lift the impoverished ***** of their circumstances.

Of course, critics could po*****t out, why should ***** expect that increased spending on social services would ***** any effect on the level of ***** in the Dominican Republic? ***** reality is, however, that numerous studies—some specifically focused on the ***** 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 ***** there are strong correlations between poverty and the following factors: access to healthcare


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