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

***** Third World countries like the ***** Republic, there can be no questi***** that poverty is rampant ***** development is slow in manifesting. Unfortunately, pinpointing the precise causes of ***** is not as e*****y as asserting it ***** the fault of the government, or that it is caused by unjust economic practices. Despite the ambiguity, it ***** possible to highlight some of the factors ***** influence ***** extent of poverty and the lack of development in Third ***** 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 ***** the country, especially when we consider that otherwise the economic indicators suggest ***** the 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 that ***** has on the choices available to its citizens, and what strategies could ***** implemented ***** 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 nations to have a per capita GDP that ***** surpassed levels recorded in ***** 1970s (Schipke). With such a promis*****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 ***** issues facing the people ***** the nation, especially those who live in rural areas. It is ***** individuals who have been particularly hard-hit ***** the rigors of *****. One of ***** most troubling contributing *****ors that affects poverty in the nation is the high level of public debt that ***** ***** has *****curred from international organizations ***** 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 ***** ***** GDP at the end of the 2006 fiscal year (Schipke). ***** national debt at ***** this high, it is little wonder ***** poverty continues to dominate domestic *****sues in the ***** Republic. The sheer amount ***** money it takes to pay this outstand*****g debt is money that could have been spent on social services and ***** programs to *****en the ***** ***** lift the impoverished out of their circumstances.

Of course, critics could point out, why should ***** expect ***** increased spending on ***** services would ***** any ***** on the level of ***** in ***** Dom*****ican Republic? The reality is, however, that numerous studies—some specific*****y focused on the Dominican Republic—have demonstrated that there ***** 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 ***** poverty and the following factors: access to healthcare


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