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View Full Version : Wealth concentration in DR



NewsWhore
08-25-2006, 04:10 PM
The Dominican Republic has been one of the Latin American countries that has sustained the highest growth rate over the last 50 years, but the wealth has not crossed over to the general population, according to a Country Strategy Document (Documento de Estrategia Pais 2005-2008 prepared by the Agencia de Cooperacion Espanola. The Spanish government development agency, which works in the DR, says that the poor distribution of the fruits of economic growth ranks the DR in the 173rd place on the United Nations human development index. The document explains that while 20% of the population manages 53.3% of the income, the 20% poorest group only receives 5.1%. Basing their calculations on data from the World Bank, 45% of the rural population and 31% of the urban population lives below the poverty line. The Spanish agency points out that given this reality, it is surprising that the government continues to dedicate such a small proportion of the national budget to social expenditure.

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