So IKEA is setting up shop in the Dominican Republic. Don't get me wrong, I'm all for cheap ass furniture that looks good, but not in a country with an unstable economy in need of an industrial shift that improves the condition of its population and not foreign investors. The island is already being raped by the tourism industry and now that IKEA is in the mix, small enterprise furniture manufactures on the island will become endangered. 100,000 families in the Dominican Republic rely on the country?s furniture industry for its livelihood so I spit on the 500 new staff positions IKEA plans to bring to the country. Foreign investing can work. President Fernandez should create incentives that attract better companies. Companies that will use the country?s resources and its artisans to establish a strong export industry that will generate foreign income for Dominican business owners. Ikea might give the impression that Dominican Republic is developing into a more modern economic state but it?s a false hope that doesn?t do enough to improve the economic condition of its people. The Swedes don?t need Dominican pesos, the one third Dominicans living below the poverty line do. The 20% of Dominicans living in extreme poverty do. The extremely poor Dominicans of Haitian decent and migrant seasonal workers from Haiti need pesos. Not Mikael Ohlsson (president IKEA) and Hans Gydell (President Inter IKEA Group).