No economy immune

[NewsWhore]

Spanish economist Jesus Ruiz-Huertas Carbonell says that if the Dominican economy is dependent on remittances, tourism, free trade zones and exports it is almost impossible to shield the DR's economy from the financial crisis affecting the rest of the world. The economist says he has limited details knowledge of the Dominican economy, but adds that the integration of the global economy makes it difficult to believe the DR will not be affected. Ruiz urged the government to start focusing on supporting more dynamic economic sectors that could soften the blow of the financial crisis. He was speaking during an interview at the Global Foundation for Democracy and Development (Funglode) in Santo Domingo where he has been teaching a Masters in high-level public administration. The economist's comments were seconded by former Peruvian president Alejandro Toledo Manrique, who said that no country is 100% immune to this crisis.

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