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 question that poverty is rampant ***** development is slow in manifesting. Unfortunately, pinpointing the precise causes of ***** is not as easy as *****serting it ***** the fault of ***** government, or that it is caused by unjust economic practices. Despite the ambiguity, it ***** possible to highlight some ***** the fac*****rs ***** influence ***** extent of poverty and the lack of ***** in Third World nations, especially the Dominican Republic. In fact, it is apparent after some examination that ***** heavy burden of debt the nation carries is influential in the pers*****tence of poverty in 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 ***** has on ***** ***** development in the nation, the impact that ***** has on the choices available to its citizens, and what strategies could ***** implemented to improve the situation in the Dominican Republic.

In *****, ***** Dominican ***** has shown significant economic ********** in the past few decades, standing as one of only three Central American ***** to have a per capita GDP that ***** surpassed levels recorded in ***** 1970s (Schipke). With such a prom**********g economic outlook, it might come *****s a shock to some observers th*****t poverty is ********** and systemic in the Dominican Republic. It represents ***** of ***** most significant issues facing the people of ***** *****, ***** those who live in rural areas. It is ***** individuals who ***** been particularly hard-h***** ***** the rigors of poverty. One ***** ***** most troubling contributing fac*****rs that affects poverty in the nation is the high level of public debt that ***** government has *****curred from inter*****al organizations ***** the IMF or the World Bank. In all of Central America, including the Dominican ***** (though interestingly excluding Guatemala) the average national debt stood at 47% of the ***** ***** at ***** end of the 2006 fiscal year (Schipke). With national debt at ***** this high, it is little wonder that poverty continues to dominate domestic ***** in the Dom*****ican Re*****. The sheer amount of money it takes ***** pay th***** outstanding debt is ***** that ***** have ***** spent on social services and domestic programs to strengthen the ***** and lift the impover*****hed out of their circumstances.

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


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