The DR and the Recession of 2008

[PICHARDO]

When the money does show up, how long will it take before that government "control" is eroded by corruption as the place turns into a "Big D.R." with no "Haiti problem". This could turn out hundreds of different ways, depending on the influence of outside influences. People have steadily remarked that the impact of open trade with the USA shouldn't matter since Europeans and Canadians have had access and trade all these years. That's nonsense. If the USA pulled the same bans against the D.R. it would turn into Haiti in a matter of months, despite continuing European and Canadian access. At this point, any level of trade and open travel between the USA and Cuba will make a HUUUGE impact on the Cuban economy. Whether that is for the better or for the worse remains to be seen.

Nobody said it won't have such impact, just not the negative one for the DR as many here predicted and still predict day to day.

 

[PICHARDO]

In addition to the above, safe for the Guantanamo strip, Cuba is blissfully blessed with having their entire insular territory for themselves, a population that is among the most educated in the continent, and population size that is in tune with their territorial size, as well as having a gov. full in control of its territory and resources (which means more security). Let all these facts sink in for a moment...

And open to the other 99.99% of the world in all forms and shape, yet...

People are overestimating the Embargo shut down and openness to the USA by a long margin in regards to Cuba's economy.

Again, Cuba has been open to the world for a long time, the impact you expect is not the one will take place.

Change is slow in Cuba!

 

[PICHARDO]

Not with Haiti not moving an inch from the abyss it currently is, or the DR gov. refusing to close the borders with them and curb corruption. Sorry to burst your bubble, but that means Haitian problems becoming DR problems in a heartbeat, specially as they inch closer to being a quarter of the population here and the public services get to collapse as a result.

Think again!

Haiti is becoming less and less an issue to the DR by their own making!

 

[the gorgon]

And open to the other 99.99% of the world in all forms and shape, yet...

People are overestimating the Embargo shut down and openness to the USA by a long margin in regards to Cuba's economy.

Again, Cuba has been open to the world for a long time, the impact you expect is not the one will take place.

Change is slow in Cuba!

you are really an amusing type of guy. not well informed, but amusing.

open to the world is a term that needs definition. in an information age, openness is calculated by little things like internet access. as it stands, Cuba is woefully deficient in internet access. i do not think that you can walk into too many houses and find a home computer. those things are reserved for special people. in the DR, every nitwit is walking down the road with an advanced smartphone.

try to think of what the rate of development in Cuba might be when such matters are addressed, and adjusted. i do not mean to be offensive to your country, but you are not the biggest tourism market in the caribbean because you are better at it than others. you are numerically ahead, because buyers get a big bang for the buck...which is good , too. but you keep talking about moving to bigger and better things, like the other islands are standing still. you are the Walmart of caribbean tourism..not Nieman Marcus.

 

[PICHARDO]

i really should not debate with a guy who analyzes an issue using four quintiles.

Definition of quintile : Any of the four values that divide the items of a frequency distribution into five classes with each containing one fifth of the total population; also : any one of the five classes



But I know it's too much for you to see figures in a single plane of existence and usage.

You also can't comprehend percentage of percentage in these cases as well? I Guess???

 

[greydread]

you are really an amusing type of guy. not well informed, but amusing.

open to the world is a term that needs definition. in an information age, openness is calculated by little things like internet access. as it stands, Cuba is woefully deficient in internet access. i do not think that you can walk into too many houses and find a home computer. those things are reserved for special people. in the DR, every nitwit is walking down the road with an advanced smartphone.

try to think of what the rate of development in Cuba might be when such matters are addressed, and adjusted. i do not mean to be offensive to your country, but you are not the biggest tourism market in the caribbean because you are better at it than others. you are numerically ahead, because buyers get a big bang for the buck...which is good , too. but you keep talking about moving to bigger and better things, like the other islands are standing still. you are the Walmart of caribbean tourism..not Nieman Marcus.

Cuba is closer to the USA both geographically and historically than the rest of the Caribbean. As more money becomes available this big island nation will show its thirst for information and I expect that telecommunications infrastructure there will explode as the number of People working in the non-state sector catches up with and surpasses the number of state sector workers. In 5 years there will be cranes everywhere as construction transforms Cuba into a more modern nation in the shortest rebuild time ever recorded. Cuba's wealth of arable land will become more productive than ever with an infusion of technology and modern machinery and a wealth of commodity contracts from the USA. As soon as the barn door is cracked open just a little bit there will be a stampede.

 

[PICHARDO]

you are really an amusing type of guy. not well informed, but amusing.

open to the world is a term that needs definition. in an information age, openness is calculated by little things like internet access. as it stands, Cuba is woefully deficient in internet access. i do not think that you can walk into too many houses and find a home computer. those things are reserved for special people. in the DR, every nitwit is walking down the road with an advanced smartphone.

try to think of what the rate of development in Cuba might be when such matters are addressed, and adjusted. i do not mean to be offensive to your country, but you are not the biggest tourism market in the caribbean because you are better at it than others. you are numerically ahead, because buyers get a big bang for the buck...which is good , too. but you keep talking about moving to bigger and better things, like the other islands are standing still. you are the Walmart of caribbean tourism..not Nieman Marcus.

Your definitions need work!

Cuba has always been open to the world! You know!? The other 99.99% of it outside of the USA market.

And Gorgojos: The DR is not even trying yet! We have yet to tap the rest of that still unused 99% potential.

Cuba, Haiti, etc... Are going to be on the tail of the DR tourism industry for a long term...

We just started our National Database and will continue to change from within, to remove the human element (corruptible) from the chain.

I have yet to see one positive thing out of your posts on anything DR. That much is clear to all.

You want to hide the Sun with your thumb, but all you do is obscure it to yourself and not others that can see it clearly.

The DR economy? STRONG! And getting better! Bigger!

 

[the gorgon]

Your definitions need work!

Cuba has always been open to the world! You know!? The other 99.99% of it outside of the USA market.

And Gorgojos: The DR is not even trying yet! We have yet to tap the rest of that still unused 99% potential.

Cuba, Haiti, etc... Are going to be on the tail of the DR tourism industry for a long term...

We just started our National Database and will continue to change from within, to remove the human element (corruptible) from the chain.

I have yet to see one positive thing out of your posts on anything DR. That much is clear to all.

You want to hide the Sun with your thumb, but all you do is obscure it to yourself and not others that can see it clearly.

The DR economy? STRONG! And getting better! Bigger!

actually, i have more positive sentiments about the DR than you will ever know. it is a country which has tremendous economic potential, and raw material resources. it has shown great economic growth from year to year, and it has several impressive physical structures.

where you and i part company is when you start the bragging. when you start the foolishness about moving to higher ground in the tourism business, as if you believe that the other countries are going to stand still. i do not know what would make you believe that you can outstrip the guys who invented the paradigm you copied, and use.

 

[greydread]

actually, i have more positive sentiments about the DR than you will ever know. it is a country which has tremendous economic potential, and raw material resources. it has shown great economic growth from year to year, and it has several impressive physical structures.

where you and i part company is when you start the bragging. when you start the foolishness about moving to higher ground in the tourism business, as if you believe that the other countries are going to stand still. i do not know what would make you believe that you can outstrip the guys who invented the paradigm you copied, and use.

Not to mention that that whole "99.99% outside the US market" is only a corner of the market in this hemisphere in tourism and especially in trade where the real money is. As they privatize agriculture on that big, fertile island they will find a ready, steady client in the big fat Gringo nation to the North with 360 million mouths to feed. If they can manage crop diversity and update their farming techniques they can ensure economic success. Cuba doesn't need a tourism based economy so they can go after the high end of the market and leave the D.R. as the vacation "Costco of the Caribbean".

 

[bob saunders]

Not to mention that that whole "99.99% outside the US market" is only a corner of the market in this hemisphere in tourism and especially in trade where the real money is. As they privatize agriculture on that big, fertile island they will find a ready, steady client in the big fat Gringo nation to the North with 360 million mouths to feed. If they can manage crop diversity and update their farming techniques they can ensure economic success. Cuba doesn't need a tourism based economy so they can go after the high end of the market and leave the D.R. as the vacation "Costco of the Caribbean".

At least then they might be able to feed their own country. Both the DR and Cuba can have great futures, even trading between the two of them.

 

[the gorgon]

it is pathetic to sit at this forum and read the unadulterated ignorance which just keeps pouring out of some folks, unabated. one would wonder how people manage to keep themselves so uninformed when there are so many educative tools available at the drop of a hat

https://youthandeldersja.wordpress.com/2015/03/12/unicef-cuba-has-0-child-malnutrition/

 

[the gorgon]

some people need to read, and learn, before just running off at the mouth

http://www.indexmundi.com/facts/indicators/SH.STA.MALN.ZS/rankings

 

[the gorgon]

more information for those who are in need

http://www.savethechildren.org.uk/sites/default/files/docs/child-development-index.pdf

 

[greydread]

At least then they might be able to feed their own country. Both the DR and Cuba can have great futures, even trading between the two of them.

I think this is key. The more trade between Caribbean nations, the less dependent on the USA, the more stable their economies will become and the better their populations will live, maybe not better in terms of Hummers and bling but definitely better in terms of food security, crime control and education.

 

[the gorgon]

I think this is key. The more trade between Caribbean nations, the less dependent on the USA, the more stable their economies will become and the better their populations will live, maybe not better in terms of Hummers and bling but definitely better in terms of food security, crime control and education.

they tried that before. when Michael Manley was leader of Jamaica, he wanted to enhance cooperation and trade with Cuba. only thing was that big massa from the north did not want that, and stepped in to sabotage the country.

 

[greydread]

they tried that before. when Michael Manley was leader of Jamaica, he wanted to enhance cooperation and trade with Cuba. only thing was that big massa from the north did not want that, and stepped in to sabotage the country.

It was a different time. The USA is about to slide into an economic sinkhole and it'll be far too busy trying to find more band-aids to worry about it's neighbors much.

With the nightmare choices we've been given it's ridiculous to expect any other outcome. Then we've all complicated matters by sending criminally insane candidates to Congress year after year and we find ourselves once again careening toward the abyss but with no one at the wheel because everyone in a position to drive the bus has jumped off the bus after stuffing their friends' pockets with the money that we gave them to run a competent government.

http://nypost.com/2016/05/13/were-running-a-f-ing-casino-politician-tells-all-in-manifesto/

I doubt that we have 2 years before the bus goes up in flames at the bottom of the cliff or at least takes a slow, irreversible slide down a muddy mountainside. Americans will soon be lined up at the Mexican border applying for political asylum and sneaking across Canada's porous border.

 

[the gorgon]

It was a different time. The USA is about to slide into an economic sinkhole and it'll be far too busy trying to find more band-aids to worry about it's neighbors much.

With the nightmare choices we've been given it's ridiculous to expect any other outcome. Then we've all complicated matters by sending criminally insane candidates to Congress year after year and we find ourselves once again careening toward the abyss but with no one at the wheel because everyone in a position to drive the bus has jumped off the bus after stuffing their friends' pockets with the money that we gave them to run a competent government.

http://nypost.com/2016/05/13/were-running-a-f-ing-casino-politician-tells-all-in-manifesto/

I doubt that we have 2 years before the bus goes up in flames at the bottom of the cliff or at least takes a slow, irreversible slide down a muddy mountainside. Americans will soon be lined up at the Mexican border applying for political asylum and sneaking across Canada's porous border.

well, what can you expect when Congress has a 10% favorability rating, yet the sheep reelect nearly 90% of the incumbents.

the voters are equally to blame. this is not exactly a genius population.

 

[ju10prd]

Middle income country, no mistake.

Majority of homes belong to the middle class, no mistake.

A majority middle class without plastic credit.....

DR1 News today

Only 23% of Dominicans have credit cards

Mastercard general manager in the Dominican Republic Delma Reyes says that studies show that 23% of Dominicans are credit card holders. Most Dominicans still use cash. Reyes says that official figures show that 43% of the population has a savings account, 28% use a payroll banking account and just 2.3% benefit from mortgage loans.

She points out that the high volume of cash use reflects the predominance of the informal economy, and has negative effects on the safety of the population.

http://www.eldinero.com.do/23976/dominicanos-asumen-costo-del-uso-de-dinero-en-efectivo/

 

[PICHARDO]

A majority middle class without plastic credit.....

DR1 News today

Only 23% of Dominicans have credit cards

Mastercard general manager in the Dominican Republic Delma Reyes says that studies show that 23% of Dominicans are credit card holders. Most Dominicans still use cash. Reyes says that official figures show that 43% of the population has a savings account, 28% use a payroll banking account and just 2.3% benefit from mortgage loans.

She points out that the high volume of cash use reflects the predominance of the informal economy, and has negative effects on the safety of the population.

http://www.eldinero.com.do/23976/dominicanos-asumen-costo-del-uso-de-dinero-en-efectivo/

Cash is king in the DR

The majority of people own their homes with no mortgages to speak of.
We buy and sell 90% cash.

We buy the car, the home appliances, etc Cash!

Tax evasion is part of the issue at heart.

The day all that informal economy goes recorded and taxed as will be (e-pesos), the actual volume of trade will more than triple for the records.

It's coming!

 

[NALs]

I read this article early this morning and it reminded me of Pichardo. lol

Harvard Business Review: The Countries That Would Profit Most from a Cashless World