Economic development strategies in the Dominican Republic

Jose Sanchez-Fung, Susan Pozo, Amelia U. Santos-Paulino

Research output: Working paper

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.
Original languageEnglish
Place of PublicationHelsinki, Finland
PublisherUnited Nations University-World Institute for Development Economics Research
Number of pages25
ISBN (Print)9.79E+12
Publication statusPublished - Oct 2010
Externally publishedYes

Publication series

NameWIDER Working Paper
PublisherUnited Nations University-World Institute for Development Economics Research
No.2010/115
ISSN (Print)1798-7237

Keywords

  • Dominican Republic
  • Economics and econometrics
  • economic development strategies
  • economic openness
  • primary commodities
  • special economic zones

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