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 *****

In Third World countries like the Dominican Republic, there can be no question that poverty is rampant and development is slow in manifesting. Unfortunately, pinpointing the precise causes of poverty is not as easy as *****serting it ***** the fault of ***** government, or that it is caused by unjust economic practices. Despite the ambiguity, it is possible to highlight some ***** the factors that influence ***** extent of poverty and the lack of ***** in Third World nations, especially the Dominican Republic. In fact, it ***** apparent after some examination ***** the heavy burden of debt ***** nation carries is influential in the pers*****tence of poverty in the country, especially when we consider that o*****rwise the economic 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 poverty and development in the *****, the impact that ***** has ***** the choices available to its citizens, ***** what strategies could be implemented ***** improve the situation ***** the Dominican Republic.

In *****, the 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 promis*****g economic outlook, it might come *****s a shock to some observers that poverty is *****vasive and systemic in the Dominican Republic. It represents ***** of ***** most significant issues facing the people of ***** nation, especially those who live in rural areas. It is ***** individuals who ***** been particularly hard-h***** ***** the rigors ***** poverty. One of ***** ***** troubling contributing fac*****rs that affects poverty in the nation is the high level of public ***** that ***** ***** ***** incurred from inter*****al organizations ***** the IMF or the World Bank. In all of ***** America, including ***** Dominican ***** (though interestingly excluding Guatemala) the average national debt stood at 47% of ***** ***** GDP at the end of ***** 2006 fiscal year (Schipke). ***** national debt at ***** this high, it is little wonder that poverty continues to dominate domestic ***** in the Dominican Republic. The sheer amount ***** money it takes to pay this outstanding debt is ***** that ***** have been spent on social services and domestic programs to *****en the economy and lift the impoverished out of their circumstances.

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


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