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  1. #1
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    Default Dominican Republic lacks competitiveness

    The Young Entrepreneurs Association (ANJE) has described the country's competitiveness ranking in 105th place out of 148 countries in the Global Competitiveness Report for the World Economic Forum 2013-2014 as a disadvantage.

    ANJE president Frank Elias Rainieri Kuret said that the Dominican Republic is in the same position as last year, showing that the country can still not solve the age-old problems that affect competitiveness. These include quality of the electricity service, corruption, lack of institutionalism, the deficiencies in the education system and the unfavorable investment climate.

    He said that the country urgently needs structural reforms in several areas, which he prioritized as: diversion of public funds (the country is in 142nd position, among the worst five countries in the world), wastefulness of government spending (138th place, among the worst seven countries in the world, favoritism in decisions of government officers (145th, among the worst five countries in the world) and the quality of electricity supply (ranked 134th, among the worst countries in Latin America). He stated that in the case of the electricity sector, this was actually going backwards as the country was ranked 130th last year.

    Rainieri Kuret added that the government should adopt public policies that eliminate these competitive weaknesses, otherwise major investors will go to other countries in the region that are better ranked for business such as Panama, Guatemala and Nicaragua.

    The report indicates that the most problematic factors for doing business in the Dominican Republic are corruption, access to financing, inefficient government bureaucracy, tax rates, inadequately educated workforce and restrictive labor regulations.

    The DR ranks in the top upward third of the report in these areas: quality of port infrastructure, quality of air transport infrastructure, available airline seats, general government debt as % of GDP, prevalence of foreign ownership, burden of customs procedures, flexibility of wage determination, soundness of banks, ease of access to loans, firm-level technology absorption, local supplier quantity, control of international distribution, and extent of marketing.

    Dominican Republic News & Travel Information Service

    The good thing about this report is that the DR only can go up since they're already at the bottom of the ladder.

  2. #2
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    Quote Originally Posted by frank recktenwald View Post
    The report indicates that the most problematic factors for doing business in the Dominican Republic are corruption, access to financing, inefficient government bureaucracy, tax rates, inadequately educated workforce and restrictive labor regulations.

    Conveniently, the report leaves out reasons like: poor salaries (demotivated workers), poor quality of products (people prefer imported goods), poor reliability of services provided by private companies, and so many others in which the responsible are the companies and their owners.
    Again, underdevelopment is the result of multiple factors, and every one in an underdeveloped country is involved in one way or another. Blaming the government, the foreigners, the poor, etc never works. Doing your own part is the only way out.

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  4. #3
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    one of the basic problems about the whole DR situation is that they believe that they can just make these issues evaporate by using the services of spin doctors to create the image that all is just peachy keen. it is a truimphalist culture, that seems to base everything on the perception that they are doing so much better than regional rivals, they must be rolling in high clover.

    i just read an article inDT wherein the government has been stiffed by several zona franca companies for loans it made to people who set up factories. now here is why i mention this; there is always the tiresome and repetitive refrain coming from government spokespeople that the DR gets the lion'share of foreign investment in the region. the casual observer thinks that what this means is that gringo is heading here in droves, bringing a satchel of money with him. they fail to let people know that several of these so called FDI investors are actually BORROWING money from the DR government to start these businesses. so, it the government lends a million to a group from Montreal, they add that million to the FDI tally, inflating the end result, for triumphalist purposes. kinda like adding a Dominican guy who comes home for a two week vacation to the tourist numbers.

    a country with gold, and silver, and nickel, and all the natural resources that the DR possesses should be miles ahead of where it is, but the priorities are warped. it has a Metro, and people like PICHARDO brag about Metros and Malls. yet, 41%of the inhabitants are still using outhouses, and 42% live below the poverty line.

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    ANJE?... new to me, or they dont seem to make enough [SP] 'noise', same as DOWS

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    Quote Originally Posted by Empiric View Post
    ANJE?... new to me, or they dont seem to make enough [SP] 'noise', same as DOWS
    Bunch of "hijitos de papi y mami" that call themselves entrepreneurs.

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  8. #6
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    on the other hand, the well known Pepin Corripio once said that the main problem y RD is not lack of $ to do anything but

    the lack or real technological knowledge

    I have a friend who was "imported" to DR, decades ago, just to install new technical facilities for channel 2 tv,

    seems like the local were able to maintain facilities but not able to build from scratch, a general fact that still may be true.

    One day i may jump to start building a few things... including cars for general use... not luxury, using fuels from hydrogen to

    plain compressed air

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    That fact remains true. Lack of enough technicians. I work for a technology company and we often find ourselves importing technicians from our offices in other LA countries. The good technicians produced by dominican universities usually jump at the opportunity to move abroad.
    Trying to point to a single reason is almost silly. Entrepreneurs will always blame the governments, the governments will blame the private sector and nothing gets done.

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    This should help. Along with electricity, water, taxes, payoff, unskilled labor, crime and all the good things that the Gov. offers to bring in business.


    http://www.dominicantoday.com/dr/pov...e-zone-workers
    Labor wants a 30% wage increase for free zone workers

    Santo Domingo.- labor organizations of the free zones on Tuesday called on management to raise the current RD$7,360 monthly wage by 30 percent, retroactive to June, as a way to improve workers’ living conditions.

    Speaking for the free zone workers grouped in the organizations Fenatrazonas, Fedotrazonas and Unatrazonas, National Labor Unions Federation (CNTD) president Jacobo Ramos said funds should be allocated to provide life insurance for employees, in addition to Social Security benefits.

    He also asked to include the free zone workers in the Government’s housing plans, in scholarships for youngsters and training at the Technical Training Institute (Infotep), to give them more career options.

    Ramos said the suggested pact includes the reactivation of the Tripartite Commission for the free zone workers’ development and progress, created by Decree and which in his view has had a poor performance.

  12. #10
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    Quote Originally Posted by Ringo View Post
    This should help. Along with electricity, water, taxes, payoff, unskilled labor, crime and all the good things that the Gov. offers to bring in business.


    http://www.dominicantoday.com/dr/pov...e-zone-workers
    Labor wants a 30% wage increase for free zone workers

    Santo Domingo.- labor organizations of the free zones on Tuesday called on management to raise the current RD$7,360 monthly wage by 30 percent, retroactive to June, as a way to improve workers’ living conditions.

    Speaking for the free zone workers grouped in the organizations Fenatrazonas, Fedotrazonas and Unatrazonas, National Labor Unions Federation (CNTD) president Jacobo Ramos said funds should be allocated to provide life insurance for employees, in addition to Social Security benefits.

    He also asked to include the free zone workers in the Government’s housing plans, in scholarships for youngsters and training at the Technical Training Institute (Infotep), to give them more career options.

    Ramos said the suggested pact includes the reactivation of the Tripartite Commission for the free zone workers’ development and progress, created by Decree and which in his view has had a poor performance.
    they are just not bright enough to understand that the resulting inflation that would arise from that increase would wipe out any salary gains made. it would also send prospective investors to Guatemala.

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