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 ***** 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 *****serting it is the fault ***** ***** government, or that ***** is caused by unjust economic practices. Despite the ambiguity, it ***** possible to highlight some of the fac*****rs that influence ***** extent of poverty and the lack ***** ***** in Third World 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 in the country, especially when we consider that otherwise the ***** indicators suggest that ***** strength of the Republic's economy is improving. The purpose of this study is to trace the effect the ***** has on poverty and development in the nati*****, the impact that this has on the choices available to its citizens, and what strategies could ***** implemented to improve the situation in the Dominican Republic.

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

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


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