In the 20th century the Dominican Republic had the long dictatorship of Trujillo from 1930-61. This was followed by an interregnum of several years including a brief civil war. There were then three decades of authoritarian governments until a new Constitution was approved in 1996. Since then the Dominican Republic has experience normal elections and political transitions. During almost all of this period economic growth has been remarkable stable, averaging about 5% pa and including up to the present day.
The economic model was initially based on the substitution of imports and the export of primary products but in recent decades the international insertion has evolved towards export orientated Zonas Francas (free trade zones) for industry and call centres and tourism.
The country also relies on remittances from abroad to make up its foreign currency requirements. In 2001 there was a major banking collapse, Banco Intercontinental, which was due to fraud over many years that went undetected. This caused the budget deficit and the rate of inflation to soar for a couple of years but they soon reverted to normal. The majority of it’s exports go to the US.
Contents
Introduction
The Modern Period
The Current Era
The Modern State
Economics from the Ground Up
Political Systems
Trade Theory
The EU as a Model of Integration
Industrialisation
Synopsis
Data
World GDP 2018
World GDP PPP 2018
GDP per capita ppp 2018
Exports & Imports 2018
Container Traffic 2010 & 2018
Oil Production 2018
Migrant Remittances 2018
Tourism Statistics 2017
Tourism Americas 2017
Latin America
Background
The US and Latin America
Economy
The EU and Latin America
Mercosur
World Exports 2000-2018
Dominican Republic
Introduction
Political System
Economy
Banco Intercontinental Crisis
State Finances
Zonas Francas
Tourism
Charts & Chart Commentary
Sources
63 pages
Dominican Republic 2020
- Product Code: ISSN 2014-5063 (2020) No 8
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