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Economic Development Strategies in the Dominican Republic

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  • Susan Pozo
  • José R. Sánchez-Fung
  • Amelia U. Santos-Paulino

Abstract

The paper documents the economic development strategies pursued by the Dominican Republic. The study argues that the country’s success results from the implementation of a three-pronged economic development strategy. The first prong relates to diversifying production and the second to developing special economic zones. These zones operate in parallel fashion to the rest of the economy but with protections from domestic impediments to growth and progress. The third item in the recipe involves maintaining ample economic and social engagement with the rest of the world. The paper also highlights challenges that the country faces going forward.

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File URL: http://www.wider.unu.edu/stc/repec/pdfs/wp2010/wp2010-115.pdf
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Bibliographic Info

Paper provided by World Institute for Development Economic Research (UNU-WIDER) in its series Working Paper Series with number wp2010-115.

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Length: 27 pages
Date of creation: 2010
Date of revision:
Handle: RePEc:unu:wpaper:wp2010-115

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Keywords: economic development strategies; primary commodities; special economic zones; economic openness; Dominican Republic;

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  1. Amelia U Santos-Paulino, 2006. "Trade liberalisation and trade performance in the Dominican Republic," Journal of International Development, John Wiley & Sons, Ltd., vol. 18(7), pages 925-944.
  2. Catalina Amuedo-Dorantes & Susan Pozo, 2006. "Remittance Receipt and Business Ownership in the Dominican Republic," The World Economy, Wiley Blackwell, vol. 29(7), pages 939-956, 07.
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