The Dominican Republic is doing just what the World Bank advises countries in Latin America to avoid.
The latest semiannual World Bank report, “Inequality in a Lower Growth Latin America” forecasts a deceleration in general for the region. Panama leads with an impressive 6.6% growth for the year and Bolivia, Colombia, Dominican Republic, Ecuador, Guyana, Nicaragua, Paraguay, and Suriname are expected to grow by more than 4%, well above the regional average.
The World Bank warns that there is a temptation for countries to take the path of least resistance, keeping aggregate consumption and government spending high and borrowing to finance the associated fiscal and external deficits.
It adds that this path might be encouraged by highly liquid international markets seeking higher yields.
The World Bank economists warn, however, that the short-run gains would carry a high price: lower long-run growth due to a more vulnerable balance of payments or an uncompetitive real exchange rate.”
http://www.diariolibre.com/economia/2014/10/08/i826731_poca-las-vacas-flacas-llega-repblica-dominicana.html