NewsWhore
03-04-2011, 12:50 PM
The Center for International Development at Harvard University is advising the DR to change its economic model. The report was coordinated by Ricardo Hausmann, director of the Center for International Development and professor of the Practice of Economic Development at Harvard University.
In the report, "Building a Better Future for the Dominican Republic," commissioned by the Dominican Republic Ministry of Economy, Planning and Development (MEPyD), the CID researchers say the country needs to implement a structural transformation in its economic model to efficiently connect productive sectors to savings, government procurement, major changes in the education sector and to take optimum advantage of the advances and opportunities of the relationship with Haiti, to achieve the goals established in the National Development Strategy (END), an initiative by the Ministry of Economy under Minister Temistocles Montas.
The research proposes promoting competitiveness by diversifying exports and tourism, in addition to the implementation of fiscal policy aimed at controlling inflation, and a more relaxed monetary policy. It goes on to recommend improving the quality of education. The researchers also advocate maintaining a real, competitive and stable exchange rate, as reported in Listin Diario.
The study found that the growth model of recent years has not created the expected jobs in the formal sector, nor has there been a real increase in wages.
www.hks.harvard.edu/centers/cid (http://www.hks.harvard.edu/centers/cid)
More... (http://www.dr1.com/index.html#4)
In the report, "Building a Better Future for the Dominican Republic," commissioned by the Dominican Republic Ministry of Economy, Planning and Development (MEPyD), the CID researchers say the country needs to implement a structural transformation in its economic model to efficiently connect productive sectors to savings, government procurement, major changes in the education sector and to take optimum advantage of the advances and opportunities of the relationship with Haiti, to achieve the goals established in the National Development Strategy (END), an initiative by the Ministry of Economy under Minister Temistocles Montas.
The research proposes promoting competitiveness by diversifying exports and tourism, in addition to the implementation of fiscal policy aimed at controlling inflation, and a more relaxed monetary policy. It goes on to recommend improving the quality of education. The researchers also advocate maintaining a real, competitive and stable exchange rate, as reported in Listin Diario.
The study found that the growth model of recent years has not created the expected jobs in the formal sector, nor has there been a real increase in wages.
www.hks.harvard.edu/centers/cid (http://www.hks.harvard.edu/centers/cid)
More... (http://www.dr1.com/index.html#4)