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Economic Development Strategies in the Dominican Republic

Author

Listed:
  • 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.

Suggested Citation

  • Susan Pozo & José R. Sánchez-Fung & Amelia U. Santos-Paulino, 2010. "Economic Development Strategies in the Dominican Republic," WIDER Working Paper Series 115, World Institute for Development Economic Research (UNU-WIDER).
  • Handle: RePEc:unu:wpaper:wp2010-115
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    File URL: http://www.wider.unu.edu/sites/default/files/wp2010-115.pdf
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    References listed on IDEAS

    as
    1. 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, July.
    2. 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.
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    Cited by:

    1. Simplice A. Asongu, 2017. "The Comparative Economics of Knowledge Economy in Africa: Policy Benchmarks, Syndromes, and Implications," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(2), pages 596-637, June.
    2. Simplice A. Asongu, 2017. "Knowledge Economy Gaps, Policy Syndromes, and Catch-Up Strategies: Fresh South Korean Lessons to Africa," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 8(1), pages 211-253, March.
    3. Duffy, Lauren N. & Kline, Carol S. & Mowatt, Rasul A. & Chancellor, H. Charles, 2015. "Women in tourism: Shifting gender ideology in the DR," Annals of Tourism Research, Elsevier, vol. 52(C), pages 72-86.

    More about this item

    Keywords

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

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