Corruption is the main cause of concern. Much of the money earmarked for improving infrastructure is absorbed by coruption and or lack of leadership in enforcing policy across the board. Example of corruption and ineficiency- Patromony and Ayuntamiento in La Zona Colonial. They are in charge of spending millions of borrowed dollars to remodel a few streets, yet garbage still overflows the containers in our parks each night by 7pm. Calle Conde is always filthy. God forbid they hire a swing shift cleaning crew from 3Pm to 11Pm to clean the streets and empty garbage cans. Last year they said that they were going to offer free paint (a gift from Spain or France) to clean up abandoned colonial buildings. Most of the paint was stolen by the painters or ended up covering the sidewalks - heard of a drop cloth? The senior staff of Patromony drive Mercedez yet their salary is $30K RD a month. How is that possible?
- Thread starter cobraboy
- Start date
Forbes Magazine Ranks the DR at the Bottom for Reliable Countries.
Corruption is the main cause of concern. Much of the money earmarked for improving infrastructure is absorbed by coruption and or lack of leadership in enforcing policy across the board. Example of corruption and ineficiency- Patromony and Ayuntamiento in La Zona Colonial. They are in charge of spending millions of borrowed dollars to remodel a few streets, yet garbage still overflows the containers in our parks each night by 7pm. Calle Conde is always filthy. God forbid they hire a swing shift cleaning crew from 3Pm to 11Pm to clean the streets and empty garbage cans. Last year they said that they were going to offer free paint (a gift from Spain or France) to clean up abandoned colonial buildings. Most of the paint was stolen by the painters or ended up covering the sidewalks - heard of a drop cloth? The senior staff of Patromony drive Mercedez yet their salary is $30K RD a month. How is that possible?
Can't say about the rest, but "investors" NEVER RELY on the DR govt. water supply. I personally kinda like that.
I've been noticing that tremors or earthquakes are becomingANYONE, with a RELIABLE method od prediction earthquakes will become a "BILLIONair" overnight!
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this is how it looks to me too and this is why i disregard data like that. lately DR is scoring surprisingly poorly in all kinds of polls and while it is a dark pitch of hell there are plenty more circles below.
Investing is not easy, you have to know what you are doing. Most small investors in the US lose money because they buy at the top and sell at the bottom and cannot see the big picture. There is LOTs of data about US investments, much less about those in the DR. Here, you probably should know someone who has been successful to invest wisely.
You really have no idea about how many well-to-do Dominicans there are, do you.
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Ya know, There are Dominicanos that make 50 times that amount. Not a bunch, but some.Don't be blind.
YOU gringos? C'mon, man...
That is the definition of lax.
Do you know anything about how the study was conducted? Have you ever been involved in the construction of one of those large buildings/apartment complexes that remain empty all over Santiago and Santo Domingo to know how closely construction codes are adhered to?
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I don't need to see (just need to read) the median income is 6,000 US$ here. But, I also see it every day too. Just because some people make 300k us here does not make this country a desirable place to do business. The report says that. So, rather than denying the facts about doing business here what do you suggest be done.
I knew the DR was in bad shape, but I didn't realize it was this bad. Forbes magazine has ranked the DR at the very bottom of a list of about 170 countries. Here is a sample of what the article has to say:
"The Dominican Republic ranks at the very bottom of the list. As an island nation in the middle of the Caribbean it is vulnerable to both hurricanes and earthquakes. Also its infrastructure is crumbling and building codes are lax, says Jon Hall, an executive vice president at FM Global. Corruption is a huge problem."
You can read the rest here:
The Most And Least Reliable Countries To Do Business In - Forbes
"The Dominican Republic ranks at the very bottom of the list. As an island nation in the middle of the Caribbean it is vulnerable to both hurricanes and earthquakes. Also its infrastructure is crumbling and building codes are lax, says Jon Hall, an executive vice president at FM Global. Corruption is a huge problem."
You can read the rest here:
The Most And Least Reliable Countries To Do Business In - Forbes
you are a slow thinker, scorpio. this was discussed here. two months ago.
http://dr1.com/forums/general-stuff/143709-forbes-dr-least-reliable-country.html
http://dr1.com/forums/general-stuff/143709-forbes-dr-least-reliable-country.html
This Forbes article actually surprised me. The reason is because although the DR has problems there seem to be worse places. But according to Forbes the DR is even worse off than Venezuela. I'm so thankful that I didn't buy any property or land since I moved here. I'm also thankful I didn't get residency.
When I first moved here I had these grandiose plans. But I took my time to do research and observe the country since my arrival. And, even before reading this Forbes article I knew the Dom Rep wasn't worth investing in. What I didn't know is that it would rank at the bottom. Now I'm definitely not investing any money after reading this.