NewsWhore
06-10-2008, 01:10 PM
The Economic Commission for Latin America and the Caribbean (ECLAC) presented its study "The Dominican Republic in 2030: Towards a cohesive nation" with a proposal for a 25-year agenda for the DR at the Presidential Palace yesterday. Delegates from 50 Western Hemisphere countries are meeting in Santo Domingo for the 32nd assembly of the Economic Commission for Latin America and the Caribbean (ECLAC). The meetings run through Friday, 13 June.
The report, produced in collaboration with the Ministry of Economy and Planning, concludes that the DR needs to change its economic model in order to turn economic growth into general welfare for the majority of the population.
Jose Luis Machinea, executive secretary of ECLAC, read the summary of the report that indicates that the way the DR has liberalized and opened its markets has resulted in a reshuffling in the economic structure that has negatively affected internal markets and pushed out workers who do not have the right skills to be absorbed by the DR's most dynamic sectors. The report states that the current model is unsustainable and that it needs to be modified significantly over the coming decades. If the system is not modified it could lead to a worsening in job opportunities in the DR.
The report does present a positive outlook. ECLAC asserts that, in a quarter century, the Dominican Republic could become part of the group of nations that have attained mid-high levels of development. To do this, the United Nations regional body suggests a feasible goal: a per capita income three times higher than that in 2006, by the year 2030.
If the DR follows its "seven priority lines of action", the country could become one of the world's developed nations and could reach its highest levels of development in 25 years. The priority lines focus on: improved institutional quality and effectiveness, sustained gains in social and geographic cohesion, active promotion of full, productive employment and decent jobs, recovery and modernization of the agricultural sector, strategic reinforcement of the industrial fabric and its competitiveness, restructuring the energy sector's institutional and operational foundations and forging stronger links with the international economy.
The report also calls for an increase in transparency and accountability. The DR also needs to maintain a consistent growth rate of 7.2% per year as this could raise average annual incomes from US$7,000 per year to US$21,000 per year in that time span.
The report stresses the country needs to modernize its production for the local market, while at the same time increasing exports.
For more details, see http://www.eclac.cl/cgi-bin/getProd.asp?xml=... (http://www.eclac.cl/cgi-bin/getProd.asp?xml=/prensa/noticias/comunicados/8/33278/P33278.xml&xsl=/prensa/tpl-i/p6f.xsl&base=/prensa/tpl-i/top-bottom.xsl)
More... (http://www.dr1.com/index.html#2)
The report, produced in collaboration with the Ministry of Economy and Planning, concludes that the DR needs to change its economic model in order to turn economic growth into general welfare for the majority of the population.
Jose Luis Machinea, executive secretary of ECLAC, read the summary of the report that indicates that the way the DR has liberalized and opened its markets has resulted in a reshuffling in the economic structure that has negatively affected internal markets and pushed out workers who do not have the right skills to be absorbed by the DR's most dynamic sectors. The report states that the current model is unsustainable and that it needs to be modified significantly over the coming decades. If the system is not modified it could lead to a worsening in job opportunities in the DR.
The report does present a positive outlook. ECLAC asserts that, in a quarter century, the Dominican Republic could become part of the group of nations that have attained mid-high levels of development. To do this, the United Nations regional body suggests a feasible goal: a per capita income three times higher than that in 2006, by the year 2030.
If the DR follows its "seven priority lines of action", the country could become one of the world's developed nations and could reach its highest levels of development in 25 years. The priority lines focus on: improved institutional quality and effectiveness, sustained gains in social and geographic cohesion, active promotion of full, productive employment and decent jobs, recovery and modernization of the agricultural sector, strategic reinforcement of the industrial fabric and its competitiveness, restructuring the energy sector's institutional and operational foundations and forging stronger links with the international economy.
The report also calls for an increase in transparency and accountability. The DR also needs to maintain a consistent growth rate of 7.2% per year as this could raise average annual incomes from US$7,000 per year to US$21,000 per year in that time span.
The report stresses the country needs to modernize its production for the local market, while at the same time increasing exports.
For more details, see http://www.eclac.cl/cgi-bin/getProd.asp?xml=... (http://www.eclac.cl/cgi-bin/getProd.asp?xml=/prensa/noticias/comunicados/8/33278/P33278.xml&xsl=/prensa/tpl-i/p6f.xsl&base=/prensa/tpl-i/top-bottom.xsl)
More... (http://www.dr1.com/index.html#2)