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Thread: Recession of 2008 and impact on the DR

  1. #4841
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    The attached document seems to go on for eternity. Was there a retail sales figure provided for Haiti?

  2. #4842
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    No retail figures for Haiti, but that country's economy produces about US$8 billion per year despite having roughly the same amount of people as the DR. Retail sales could be near US$2 billion and this is me being very optimistic.

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    Quote Originally Posted by NALs View Post
    Dominican total retail sales in 2017 amounted to US$32 billion. What a crisis!!! lol

    Interesting enough, many countries with a much larger population had a smaller total retail sales for the same year.

    Ivory Coast in Africa was only US$14 billion despite having 2.2 times more people than the DR.

    Tanzania has 4.9 times more people than the DR, but its total retail sales was just US$17 billion.

    Azerbaijan has about 1 million less people than the DR, yet its total retail sales was US$11 billion.

    Tunisia and Bolivia has roughly as many people as the DR, but retail sales amounted to US$15 billion in each country.

    Kenya's retail sales was just US$28 billion, but its population is over 4 times the DR's.

    http://www.eurocommerce.eu/media/142...nt%20Index.pdf
    None of those countries have Dom Yorks.

  4. #4844
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    Quote Originally Posted by cobraboy View Post
    None of those countries have Dom Yorks.
    Even when the effect of Dominicans living abroad is taken into account, the DR still surpasses many of those countries.

    US$4 billion in remittances is spent in consumption.
    US$700 million is spent by Dominicans that live abroad while on vacation in the DR. Even though all of this isn't spent on retail, lets assume it is.
    ------------------
    US$4.7 billion total

    US$32 billion
    - US$4.7 billion
    --------------
    US$27.3 billion.

    That's 2 times more than Ivory Coast's, 1.6 times Tanzania's, 2.5 times Azerbaijan's, 1.8 times Tunisia's and Bolivia's. Plus, its only US$700 million shy of Kenya's, despite that country has 4 times DR's population.

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  5. #4845
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    Quote Originally Posted by NALs View Post
    Even when the effect of Dominicans living abroad is taken into account, the DR still surpasses many of those countries.

    US$4 billion in remittances is spent in consumption.
    US$700 million is spent by Dominicans that live abroad while on vacation in the DR. Even though all of this isn't spent on retail, lets assume it is.
    ------------------
    US$4.7 billion total

    US$32 billion
    - US$4.7 billion
    --------------
    US$27.3 billion.

    That's 2 times more than Ivory Coast's, 1.6 times Tanzania's, 2.5 times Azerbaijan's, 1.8 times Tunisia's and Bolivia's. Plus, its only US$700 million shy of Kenya's, despite that country has 4 times DR's population.
    The real issue in the DR is the insane amount of government debt, combined with the extreme corruption.

  6. #4846
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    Next we will be hearing about how this top Latin American Countries robust, active Real Estate market is also leading the way!

    Invest now in DR Real Estate and enjoy a -25% to -50% return on your investment after 5-10 years with a 3 year sales cycle!

  7. #4847
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    Quote Originally Posted by bob saunders View Post
    The real issue in the DR is the insane amount of government debt, combined with the extreme corruption.
    That in your mind and that of others equates to booming?

    Don't buy off on those numbers some try to sell you, they look good just on paper.

  8. #4848
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    Quote Originally Posted by JasonD View Post
    That in your mind and that of others equates to booming?

    Don't buy off on those numbers some try to sell you, they look good just on paper.
    ???????????????????????????????

  9. #4849
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    Quote Originally Posted by bob saunders View Post
    ???????????????????????????????
    Corruption and debt, you said it better. That is exactly what this country is full of. Good people, great intentions but no leadership at all.

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    Quote Originally Posted by JasonD View Post
    Corruption and debt, you said it better. That is exactly what this country is full of. Good people, great intentions but no leadership at all.


    Ah! Here comes the politically correct pseudo-economist! 
    Please impart your wisdom for the DR economy’s next 10 year!


    First of all the DR’s debt is not crushing or even halting its growth.
    In fact, the fiscal deficit is at the lowest point since a looooong time ago.

    The reality is in black and white, not rose tinted spectacles.

    The only reason the DR hasn’t reduced poverty at a faster rate, it’s much due to our bad luck of having the Western Hemisphere’s poorest and outright failed state once called Haiti. Now known as “one of the poorest countries in the world Haiti”.

    But unlike others printing worthless paper currency, backed by nothing other than big weapons, the DR has done it all by itself.

    Look at the failed “Estado Libre Asociado” de Puerto Rico. With hundreds of millions of dollars in aid from the federal government and still looking bleak long term. 

    The DR doesn’t get bail outs, we get bills to be paid with compounded interest with a cherry on top.

    Even then we strive. The best performing economy against all odds.

    You question this and that, yet I ask you:

    Haven’t the same metrics you want measure development in the DR, undergone change themselves, based on how fast technology adoption is taking place all over the world?

    What good are those bazillions of copper wires crisscrossing major developed cities, once the very tip of the spear in communications, now reduced to scrap too expensive to remove almost surgically from overcrowded infrastructure now already full of fiber optic cabling?

    Did you not know that voip now replaced all that and that hard lines are obsolete, in favor of a pure over the air trunk system?

    Look at the subway, big cities that had them since they were introduced, are having a nightmare upgrading to the latest in the technology. The legacy systems are just too incompatible or the infrastructure inflexible at all.

    Cars? Ha! Be sure to see and use them as much you can whilst they last!
    Mass or automated transportation is coming faster than you saw the washing and dryer machines put into extinction a whole industry, professions included. 

    You see, it’s very expensive and sometimes close to imposible to upgrade those super developed older cities. It’s easier to implement new infrastructure and tech where there’s little of legacy to remove or make compatible. Look at how cities in the literally desert sands are blooming like wild flowers in spring. China is bound to become the country with the cities of tomorrow.

    The DR is undergoing change at a healthy pace. Not too fast nor too slow.

    We are under taxed, under valued and under exploited as an economy.

    Each day some new aspect of our country is tweaked and addressed.
    We don’t need big flashy changes all packed at once, one at a time is the Dominican way to handle our people.

    You don’t know, because you don’t have any knowledge about the DR other than what you claim read from DR sources.
    One Dominican at a time please!


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