What would you do to turn around this current economy? (Let's forget about the current government for a moment)
I would basically try to trade out of the current conditions - reduce imports and increase exports:
1. Create such favorable trading conditions that more and more clean business is attracted to come here. One giant free zone with support structures that make it easy to do business here.
2. Start a practical business school program to educate lower income Dominicans about micro businesses. Create co-ops to take the micro-business products to market.
3. Focus on four main business products/sectors - .. the farming sector for production of food as well as the support structures needed for this, .. the manufacturing and distribution sector for attracting export dollars, .. the tourist sector of course.. and a strong booming real estate market focused on the US Baby Boomers and selling them the dream of living on a Caribbean Island!
Put a strong business leader in charge of each of these sectors specifically to find markets for the products.
4. With the DR so rich in natural resources, I would attempt to become self-sufficient to reduce imports, or import components and assemble here for local consumption.
Once all of this is going, I would create social programs to teach all Dominicans to read and write. Ok, then I guess I'll fix the road and create noise and emission laws for vehicles.
OK its late at night and I'm dreaming, but seriously, what would you do?
I would basically try to trade out of the current conditions - reduce imports and increase exports:
1. Create such favorable trading conditions that more and more clean business is attracted to come here. One giant free zone with support structures that make it easy to do business here.
2. Start a practical business school program to educate lower income Dominicans about micro businesses. Create co-ops to take the micro-business products to market.
3. Focus on four main business products/sectors - .. the farming sector for production of food as well as the support structures needed for this, .. the manufacturing and distribution sector for attracting export dollars, .. the tourist sector of course.. and a strong booming real estate market focused on the US Baby Boomers and selling them the dream of living on a Caribbean Island!
Put a strong business leader in charge of each of these sectors specifically to find markets for the products.
4. With the DR so rich in natural resources, I would attempt to become self-sufficient to reduce imports, or import components and assemble here for local consumption.
Once all of this is going, I would create social programs to teach all Dominicans to read and write. Ok, then I guess I'll fix the road and create noise and emission laws for vehicles.
OK its late at night and I'm dreaming, but seriously, what would you do?
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