DR A Developed Nation by 2025????

I can only think that those World Bank officials based their statement on reliable GDP figures and stats provided by the DOM government and very little on gathering info in the field.

Dominican Republic would become a developed country with a gross domestic product (GDP) per capita of more than US$12,300 as soon as 2025 years.

My question is how much would the $12.300 be worth compared to today's standards?

ricky11 said:

do you remember the zager and evans song? maybe by 2525

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If man is still alive.... ---- In thirteen years, the world economy will most likely not have recovered let alone any real changes in the political system here happening that allow the DR to improve substantially. Who even thinks everyone will have 24/7 power by 2025?

Problem I see with that statement is that real development starts with a solid education system. It doesn't exist here yet so I can't see raising the younger generation totally in an education system that will allow the DR the climb to the ranks of developed countries in just 13 years.

I think it is possible. The DR is not a poor country and if wealth was dristributed evenly, it would not look like a poor country. The problem is that the top 10 percent of the population holds 40 percent of the wealth!! The wealth would need to be distributed better to be a developed nation.

gringobachata7 said:

I think it is possible. The DR is not a poor country and if wealth was dristributed evenly, it would not look like a poor country. The problem is that the top 10 percent of the population holds 40 percent of the wealth!! The wealth would need to be distributed better to be a developed nation.

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Yeah right, like this will happen.

gringobachata7 said:

I think it is possible. The DR is not a poor country and if wealth was dristributed evenly, it would not look like a poor country. The problem is that the top 10 percent of the population holds 40 percent of the wealth!! The wealth would need to be distributed better to be a developed nation.

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You might as well be talking about rain going up to the clouds. That is also impossible, just like an even distribution of wealth. That does not happen anywhere and is least likely to happen in a country like the DR.

windeguy said:

You might as well be talking about rain going up to the clouds. That is also impossible, just like an even distribution of wealth. That does not happen anywhere and is least likely to happen in a country like the DR.

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That is the problem. The sad thing is that you are right. It probably will not happen but the sad thing is it is possible. 1 in 10 Dominicans is a millionaire! 43 percent live in poverty and 25 percent live in extreme poverty.

It actually is not even a poor country but it is just the the rich people hold onto all of the wealth. Imagine the US with Romney for president and the top 10 percent with all the money while everyone starves. They decide whether or not they will share the money. That is what is happening in the DR. I do not think they will ever distribute wealth in order to help the country. I just know that if they chose to, it would be a wealthy country right now. We would not need to wait until 2025.

gringobachata7 said:

I think it is possible. The DR is not a poor country and if wealth was dristributed evenly, it would not look like a poor country. The problem is that the top 10 percent of the population holds 40 percent of the wealth!! The wealth would need to be distributed better to be a developed nation.

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would you care to volunteer an opinion as to how this can be achieved?

gringobachata7 said:

That is the problem. The sad thing is that you are right. It probably will not happen but the sad thing is it is possible. 1 in 10 Dominicans is a millionaire! 43 percent live in poverty and 25 percent live in extreme poverty.

It actually is not even a poor country but it is just the the rich people hold onto all of the wealth. Imagine the US with Romney for president and the top 10 percent with all the money while everyone starves. They decide whether or not they will share the money. That is what is happening in the DR. I do not think they will ever distribute wealth in order to help the country. I just know that if they chose to, it would be a wealthy country right now. We would not need to wait until 2025.

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You're funny

Expat-in-Cabarete said:

I can only think that those World Bank officials based their statement on reliable GDP figures and stats provided by the DOM government and very little on gathering info in the field.

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The Central Bank got ISO 27001 certification, the first for any Latin American Central Bank; and it has been following the ISO 31000, Basilea II, and BS 25999 globally recognized statistical procedures.

http://www.listindiario.com/economi.../Banco-Central-recibe-certificacion-ISO-27001

As for the OP, the World Bank is quite optimistic. The development plan currently being implemented is aiming towards having the country fully developed by 2030.

Sorry but I don't see how any banking standards have anything to do with the reliable collection of information. BTW, I used to work for the World Bank. Lots of crap going on there too.

NALs said:

The Central Bank got ISO 27001 certification, the first for any Latin American Central Bank; and it has been following the ISO 31000, Basilea II, and BS 25999 globally recognized statistical procedures.

Banco Central recibe certificaci?n ISO 27001 - listindiario.com

As for the OP, the World Bank is quite optimistic. The development plan currently being implemented is aiming towards having the country fully developed by 2030.

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Omg

gringobachata7 said:

I think it is possible. The DR is not a poor country and if wealth was dristributed evenly, it would not look like a poor country. The problem is that the top 10 percent of the population holds 40 percent of the wealth!! The wealth would need to be distributed better to be a developed nation.

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I agree with you!!!
Who would've thunk??? :classic::classic::classic:
Throw in Education, eradicate illiteracy 13% ? , healthcare, impartial judicial system, good government
and pensions.

Literacy Rates of the World
Literacy Rates of the World
UNICEF - At a glance: Dominican Republic - Statistics

"distributing wealth" is not the answer! Take from some and give to others? Please....

They need jobs - all over the island, not just sti and the capital. Someone needs to grow some and start a real strong campaign to have the majority of kids stay in school. Industry moving to the island and HS diplomas go together. You would have go to after both at the same time - and go at it hard. Bring in an Apple, bring in a car company, give incentives, get jobs for these people. This would help create a larger and solid middle class. Nobody's doing that right now, no incentive for kids to stay in school, and no incentive for any industry to come here cause not enough educated middle class

That's my plan. Vote for me.

ISO certification means very little, IMHO.
It means the participating entity signed up for them, paid,
complied with documentation they required, and were
eventually issued a certificate. I never saw an actual auditor in
20+ years with companies being ISO certified, where auditors actually showed up.
Great business model they have, it' very successful. But in my
experience, it was just another plaque to hang on the wall.
It was expensive, cumbersome, and we did all the work for them
to issue a certificate....just a certificate. Quality was not the issue,
it was just compliance....and in writing. Great marketing tool, but not
a quality of service tool.
Whomever thought up the concept is brilliant, and laughing all the way
to the bank.

this msg. is nit ISO 2012 certified!

Simple

gringobachata7 said:

That is the problem. The sad thing is that you are right. It probably will not happen but the sad thing is it is possible. 1 in 10 Dominicans is a millionaire! 43 percent live in poverty and 25 percent live in extreme poverty.

It actually is not even a poor country but it is just the the rich people hold onto all of the wealth. Imagine the US with Romney for president and the top 10 percent with all the money while everyone starves. They decide whether or not they will share the money. That is what is happening in the DR. I do not think they will ever distribute wealth in order to help the country. I just know that if they chose to, it would be a wealthy country right now. We would not need to wait until 2025.

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A country has to be productive and at the cutting edge of technology.
A social responsebility should be included.
Education, healthcare and pensions are a vital ingredient.

If you want to see some examples look at Germany, Switzerland, Holland, Austria, Australia, Canada, USA (- on health) and the Scandinavian countries...... just to name a few.
Do not confuse a social conscience with socialism or communism as the Republicans would make believe.
The aforementioned counties are capitalist, as this creates the base and are well functioning.
Universities are free for A students as not to waste the brilliant minds of the poor.
A well educated populous creates wealth for a country.
Democracy is a lousy system, but still the best.

Look at the Thread: Recession of 2008 and impact on the DR
and the posts of Playacaribe2 and Onions/Carrots. Readers will be able to discern facts from fiction or propaganda............ sorry PICHARDO lying to yourself or pretending that problems do not exist just won't cut it. Facts and constructive criticism shows love for the country and the need to improve.
The global struggle of the rich nations show the gravity of the situation.
China and Russia are playing their own chess game but are subject to global events and the enviornment.

As GB7 mentioned the top 10% will always live well, seems Pichardo is talking for them.

In closing none of the political parties have a great track record nor do we homo sapiens.
Can't we all just get along

I'm simple minded, life is short be healthy and have fun!
So I'm off to the beach, beer, girls and rum that's what the DR does best ...... simple. :classic::classic::classic:

ctrob said:

Someone needs to grow some and start a real strong campaign to have the majority of kids stay in school. Industry moving to the island and HS diplomas go together. You would have go to after both at the same time - and go at it hard. Bring in an Apple, bring in a car company, give incentives, get jobs for these people. This would help create a larger and solid middle class. Nobody's doing that right now, no incentive for kids to stay in school, and no incentive for any industry to come here cause not enough educated middle class

That's my plan. Vote for me.

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Enough voted for Danilo, and if he follows through on the 4% it'll be a solid start.

Make it law that all Dominicans must read, write and speak real Spanish. :laugh:

tflea said:

ISO certification means very little, IMHO.
It means the participating entity signed up for them, paid,
complied with documentation they required, and were
eventually issued a certificate. I never saw an actual auditor in
20+ years with companies being ISO certified, where auditors actually showed up.
Great business model they have, it' very successful. But in my
experience, it was just another plaque to hang on the wall.
It was expensive, cumbersome, and we did all the work for them
to issue a certificate....just a certificate. Quality was not the issue,
it was just compliance....and in writing. Great marketing tool, but not
a quality of service tool.
Whomever thought up the concept is brilliant, and laughing all the way
to the bank.

this msg. is nit ISO 2012 certified!

Click to expand...

Bingo, I have dealt with ISO compliance audits for the better part of 20 years now and they are a complete joke.
I agree with you , brilliant money making concept by the auditing world.