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 *****serting it is the fault of the government, or that ***** is caused by unjust economic practices. Despite the ambiguity, it ***** possible to highlight some ***** the factors ***** influence ***** extent of poverty and the lack ***** ***** in Third World nations, especially the ***** 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 otherwise the ***** indicators suggest ***** ***** strength of the *****'s economy is improving. The purpose of this study is to trace the effect the debt has on ***** ***** development in the *****, the impact that this has ***** 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 nations to have a per capita GDP that has surpassed levels recorded in the 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 Dominican 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 of the ***** troubling contributing factors that affects poverty in the ***** is the high level of public debt that the ***** ***** incurred from international 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 the ***** GDP at the end of ***** 2006 fiscal year (Schipke). With national debt at ***** this high, it is little wonder that poverty continues to dominate domestic ***** in the ***** Re*****. The sheer amount of money it takes to pay th***** outstanding debt is money that ***** have ***** spent on social services and ***** programs to ********** the economy and lift the impoverished out of their circumstances.

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


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