Dominican Republic, a developed country by 2025

Jun 8 at 9:19 AM
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Santo Domingo.- Dominican Republic would become a developed country with a gross domestic product (GDP) per capita of more than US$12,300 as soon as 2025 years.

The figures are from Maurizio Bussolo, head of the World Bank Group’s Economic Development Centre, who said the jump would be possible if the country keeps pace with the growth of recent years.

Quoted by elcaribe.com.do, Bussolo said vibrant growth held stable for several years or decades are the essentials for a balanced development.

The World Bank official, who also worked on drafting the National Development Strategy (END in Spanish), said if Dominican Republic manages to implement all necessary plans to maintain the growth it has shown thus far, it would enter the base tier of the developed countries. "This can be done, what happens is that you need to have some patience."

Bussolo, accompanied by World Bank economist and Miguel Sanchez Martin and Public Information associate officer Alejandra de la Paz, said GDP per capita in developed countries starts at US$12,300.

The Dominican economy has grown at a rate of more than 3.5% in the last six years.

Our country is in a good path, we just need to be consistent and get rid of many of the corruption. not to forget the Haitians as well which put a weight in both our society and development.

http://maps.worldbank.org/lac/dominican-republic

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DOMINICAN REPUBLIC

12 financed activities working in 50 mapped locations

BASE MAP:
Malnutrition

ACTIVITIES:
By Sector


1 mapped locations

Water, sanitation and flood protection

Title Project ID Amount Sector Approval Date Product Line

DO Emergency Recovery & Disaster Mgmt P109932 $80 million Water, sanitation and flood protection May-2008 IBRD/IDA

DO Electricity Distribution Rehabilitation Project P089866 $42 million Energy and mining May-2008 IBRD/IDA

Health Sector Reform Second Phase APL (PARSS 2) P106619 $30.5 million Public

Administration, Law, and Justice Sep-2009 IBRD/IDA

Water and Sanitation in Tourist Areas P054221 $27.5 million Water, sanitation and flood protection Apr-2009 IBRD/IDA

Dominican Republic Youth Development Project P096605 $25 million Education Mar-2006 IBRD/IDA

DO AF to Emergency Recovery & Disaster Management. P126840 $20 million Water, sanitation and flood protection Nov-2011 IBRD/IDA

Domininican Republic Municipal Development Project P095863 $20 million Public Administration, Law, and Justice Jan-2010 IBRD/IDA

DO Social Sectors Investment Program P090010 $19.4 million Public Administration, Law, and Justice Aug-2007 IBRD/IDA

DO Additional Financing Social Sectors Investment Progr P116369 $10 million Health and other social services Sep-2009 IBRD/IDA

Dominican Republic Public Expenditures Management (RE) P129428 $0.75 million Public Administration, Law, and Justice Jan-2012 Recipient Executed Activities

Access to Information and Downward Accountability in the Dominican Republic P115829 $0.51 million Health and other social services Jun-2007 Recipient Executed Activities

Dominican Republic National Strategy for the Development of Statistics (NSDS) P117349 $0.13 million Public Administration, Law, and Justice Jul-2009 Recipient Executed Activities

Why not ????? comparing us to other countries around, we're in a pretty good positions.



Here are some statics and comparisons between Haiti and its surrounding countries in Caribbean and Latin America for a broader view.

Source: World Bank (same website as above)


Malnutrition -
Percent (%) of children under age 5 whose weight-for-age is more than two standard deviations below the median for the international reference population ages 0-59 months.

By regions

Haiti
Highest - 30.3
Average - 25.1
Lowest - 17.7


DR
Highest - 5.7
Average - 4.4
Lowest - 3.2


Honduras
Highest - 24.65
Average - 15.38 (15.4)
Lowest - 6.11

Bolivia
Highest - 14.6
Average - 9.65
Lowest - 4.7


Infant Mortality-
Mortality rate, infant deaths per 1,000 live births. Infant mortality rate is the number of infant deaths (deaths before reaching one year of age) per 1,000 for the ten year period preceding the survey.

By regions

Haiti
Highest - 100.58 (100.60)
Average- 75.65
Lowest - 50.72


DR:
Highest - 40.61
Average - 31.41
Lowest - 22.22


Honduras:
Highest - 42.5
Average - 32.12
Lowest - 21.75

Bolivia:
Highest - 91.8
Average - 66.7
Lowest - 41.6


Maternal Health -
Percent (%) of live births in the last three years preceding the survey assisted by a skilled health provider (doctor or other health professional).

By region

Haiti:
Highest - 32.5
Average - 25.1
Lowest - 16.8


DR:
Highest - 96.45
Average - 92.8
Lowest -89.12


Honduras:
Highest - 85.8
Average - 65.2
Lowest - 44.6

Bolivia:
Highest - 86.1
Average - 66.75
Lowest - 47.4

as much as i would love to believe it, i really cant say that i believe DR will be a developed country by 2025. That would require for the DR to maintain its current average of economic expansion. idk if it will be sustained and besides that the global economy is still getting worse.
The DR is definitely heading in the right direction but saying that it will be a developed country by 2025 i think is a little premature.

Many baby boomers maybe moving back soon and and lifting the economy, only if the government can control the crime. I for one am considering in the next five to ten years.

Please invert the years, you mean 2520.
That is the correct dates when my adored Dominican Republic could be called a developed country.
Every year I noted that that we retro 2-3 generations........Education- Health - corruption + crime+ impunity + Drugs+ demagogues politicians +++

Against these maladies only a very Radical shift we are doomed

When the article says Developed, please understand that they mean first stage of the Development Status Not that DR will be as developed as say the USA or Canada or many of the Western European countries.

But reaching a first level of the Developed Stage will bring DR many worthwhile achievements. Again, NOT ALL Dominicans will have reached this level and so more decades will be needed to bring forth the totality of first world standards to most Dominicans. Perhaps by 2025 ALL Dominicans children will FINALLY have a FULL DAY K-12 Educational Opportunity environment in which to reach their full potential Even If that single development were the ONLY Development reached, we would have a more prosperous future for all. But the transportation system will be far ahead of what it is today; perhaps the Metro will have been completely built by then. The Rail Transit line connecting Santo Domingo with Santiago de Los Caballeros, Potable water in more homes, the Electricity problem FINALLY solved with most people PAYING for their consumption and the very poor having some small allotment provided for by the State to make ends meet with some fixed date to get off the subsidy gravy.

June 11, 2012


Trade With Haiti of “Vital Importance” to Dominican Republic Economy


by lncapital •



Trade with Haiti has become of vital importance to the Dominican Republic, according to Dominican Economy Minister Temistocles Montas.

The country’s strong relations with Haiti are not limited to trade, however, because migration flows have increased significantly, he said.

“The Dominican Republic has become a not insignificant source of remittances to the neighbouring country,” he said. “Equally, the intensification of migration flows has very significantly expanded the availability of unskilled labour in the Dominican territory, which allows for the reduction of production costs.”

That is, an increased number of Haitian workers is coming into the Dominican Republic.

According to Montas, shared production with Haiti for textile exports to the Dominican Republic’s free zones has been “instrumental” in helping to contain the effects of competition from low-wage production in Asia.
http://www.caribjournal.com/2012/06/07/trade-with-haiti-of-vital-importance-to-dominican-republic-economy/
Montas was speaking after the presentation of a study by the World Bank’s Maurizio Bussolo, which examined the economic development and interaction between Haiti and the Dominican Republic.

According to Bussolo, the study recommended initiatives that would complement bilateral trade integration with multilateral liberalization to help both countries’ welfare.

Haiti and the Dominican Republic have stepped up their cooperation in recent years, particularly on the economic side, most recently with the signing of an agreement with the European Union.

The $54.7 million deal seeks to promote cross-border trade between the two countries.

Following the election of Danilo Medina as the Dominican Republic’s president, Medina and Haiti President Michel Martelly signaled they would soon convene bilateral talks.