Nice People Networking

CEPAL confirms current model does not lower poverty

SD. The economists Miguel Ceara and Ernesto Selman said that the recent report by the Economic Commission for Latin America and the Caribbean (CEPAL) on the region, alerts the Dominican authorities that the current economic model that they have been developing in the country has not worked to diminish poverty, in spite of the fact that the Gross Domestic Product (GDP) has shown growth for several consecutive years.

“The report places us in a very disadvantageous position in relation to the rest of Latin America. First, this is an economy which was one of those that grew the most in the region, and the poverty is the 2nd highest in America,” explained Ceara Hatton, after warning that they can’t be saying that poverty was reduced in the country.

He explained that poverty remained in the Dominican Republic above 40%, which reflects a unique case in Latin America, because, according to what he said, in the remaining countries of the region the reduction of poverty has been in direct relation with the growth of the GDP.

“This is the only economy where they have the weak relationship between growth and poverty reduction. It is the country that maintains the 2nd highest poverty rate in Latin America and was the only country where the poverty situation was not reduced in spite of all the efforts of social policy of which they have talked,” said the economist after assuring reporters that the poverty should have gone down more than a point because the Dominican economy has been registering economic growth.

In the meantime Selman, who is the executive Vice President of the Regional Center of Social Economic Strategies (CREES), said that the current report by the CEPAL says that the country has been bogged down with regard to the reduction of poverty, and that the development model that has been implemented over the last 15 years has not worked.

For this reason, from this entity they are arguing for the current model, which Selman calls populist and patronage, to change for one with greater opportunities for investors and jobs. “We see how the report shows that the poverty level in the country is around 40% while the average is 28% in Latin America. Something has to be fixed. Something is not going well, and because of this we are proposing a group of structural reforms that can change the development model in order for these persons to have the opportunity to get out of the level in which they live,” he concluded.

The CEPAL report

Last Monday, the Economic Commission for Latin America and the Caribbean (CEPAL) published a report regarding the reduction of poverty in the region in 2013.

For the case of the Dominican Republic it shows how from a 47.5% poverty level in 2005, in 2012 it had lowered to 41.2%, and in 2013 it was placed at 40.7% which some economist call is something insignificant, due to the growth of the Gross Domestic Product that the economy registered during the period that was analyzed.

Source: DiarioLibre

—————————————————————–
What’s the Nice People Networking website all about?
We pride ourselves in supplying you the following:
  • Different News sources (Local and International)
  • A handy online alphabetic Business Directory presenting each company through attractive color banners with full contact details and links to advertisers own website/Facebook
  • Use our Restaurant Guide or Clubs/Bars Guide for your convenience
  • Gain real savings by printing out Coupons with various monthly offers and specials to be used at local shops and traders.
  • On the page “DR Living” gather interesting and useful information and facts about the Dominican Republic.
  • Post your own news  and comments on DR News and DR Living.
  • Advertise your services / products in our Business Directory, on our Web Pages and on our Coupon page.
  • Advertise in our Classifieds section.
  • Book Hotel and Tours in our new section Vacation Deals. Pay what Dominicans pay!
  • Shop in our NPN Shop page for unique products or services and get a special deal.
  • Watch interesting and funny video’s on our page Cool Videos.
  • Launch unique events for Free on our page “Local Events”  that you, your organization, your company or your club is holding.
  • NEW!! Buy a VIP CARD  and save when shopping in Sosua and Cabarete.
NPN is the largest North Coast advertiser of Quality Trades People/shops, so whenever you need a contractor or business of any kind, then take a look in our Online Business Directory, coupons page, classifieds, npn shopping, where a large variety of traders advertise.

Nice People Networking Residents Club – News – Online Business Directory – Banner, Coupon, VIP Cards and Classifieds Advertising Portal in the Dominican Republic

Last updated January 28, 2015 at 4:03 PM
stats for wordpress
View Statistics Report
Facebook Twitter