Krugman: Dominican economy relatively good despite global crisis
Santo Domingo.- The Nobel laureate in economics 2008 affirmed Thursday that the Dominicaneconomy has conditions to seize opportunities amid the globalized crisis, andcalled the country’s economic performance relatively good.
Among the country´sadvantages Paul Krugman listed its geographical location, which shortens thedistance and become a great advantage for investors.
He said the short-haulfreight is an advantage of high relevance.
Lecturing at the SansSouci cruise terminal invited by the Santo Domingo Commerce and Production Chamber,the economist said there´s a resurging interest in the US in invest inmanufacturing, but noted the problem of a lack of human resources for the sector,particularly in textiles, one of Dominican Republic´s strongest sectors. “Thisopportunity could be seized by the Dominican textile sector.”