Economy January 21, 2023 | 9:33 am

Three lessons on sustainable growth for the Dominican Republic highlighted

It highlights that the country still faces serious challenges.

Based on these lessons learned, they seek to double the size of the economy by 2030 inclusively and sustainably.
The Vice President of the Republic, Raquel Peña, stated that the pandemic had yielded three lessons that can serve as a model to achieve sustainable and inclusive growth.

They will also boost Foreign Direct Investment (FDI), invest in its labor force through training and skills upgrading that place more people in family-sustaining jobs, and unlock diversified areas of growth and development.

Lessons learned are: first, make agile, data-driven decisions to implement accurate responses. The second relies on integrated and innovative collaboration models with the private sector, academia, and civil society. And the third focus on the well-being and livelihoods of the Dominican people.

“Based on these learnings, we are working to double the size of the economy by 2030 in an inclusive and sustainable. In addition, the article is co-authored by María Eugenia del Castillo, special advisor to the Vice Presidency of the Dominican Republic.

“Despite this remarkable crisis management and economic recovery, we continue to face significant challenges: vulnerability to climate change, increased need for FDI for high-growth industries, income and wealth inequality; and ongoing humanitarian challenges caused by continued violence and political unrest in neighboring Haiti. However, the pandemic experience has given us a blueprint for responding quickly to a number of complex challenges,” the publication states.

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Paul Tierney
January 21, 2023 10:00 am

The mentioning of “unlock diversified areas of growth and development” is of great importance as the RD depends too much on the revenue intake of tourism. We all know now what happens to the economy when all the industries and services, direct and indirectly related to tourism take a hit. Recession proof Industries such as health care and manufacture of communication and digital hardware could be expanded in the country.

My Name Is Not Important
January 23, 2023 10:27 am

Three (real) lessons on sustainable growth for the Dominican Republic highlighted

1. Abolish the state
2. Ban and criminalize the Dominican culture
3. Ban and criminalize the Spanish language