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WP/115 Economic Development Strategies in the Dominican Republic

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.
Publisher:
UNU-WIDER
Series:
WIDER Working Paper
Volume:
2010/115
Title:
WP/115 Economic Development Strategies in the Dominican Republic
Authors:
Susan Pozo, José R. Sánchez-Fung, and Amelia U. Santos-Paulino
Publication date:
October 2010
ISBN 13 Web:
978-92-9230-353-2
Copyright holder:
© UNU-WIDER
Copyright year:
2010
Keywords:
economic development strategies, primary commodities, special economic zones, economic openness, Dominican Republic
JEL:
O2, O54
Project:
Country Role Models for Development Success
Sponsor:
UNU-WIDER gratefully acknowledges the financial contributions to the research programme by the governments of Denmark (Royal Ministry of Foreign Affairs), Finland (Ministry for Foreign Affairs), Sweden (Swedish International Development Cooperation Agency—Sida) and the United Kingdom (Department for International Development—DFID).
Format:
online and printed copies
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