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 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 *****serting it ***** the fault ***** ***** government, or that ***** is caused by unjust economic practices. Despite the ambiguity, it is possible to highlight some of the factors ***** influence ***** extent of poverty and the lack of ***** in Third World nations, especially the Dominican Republic. In fact, it ***** apparent after ***** examination that ***** heavy burden of debt the nation carries is influential in the pers*****tence of poverty ***** the country, especially when we consider that o*****rwise the economic indicators suggest ***** the 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 ***** has on the choices available to its citizens, and what strategies could ***** implemented to improve the situati***** ***** the Dominican Republic.

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

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


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