Wednesday, March 19, 2008

dominican economy

acording to the cia factbook 2007 the economy of the dominican republic has a side of 35,490 millions of dolars placing it at the 72th place of the world. its was for more than a century based in the agriculture, especially "the dessert" economy:the explotaition of cacao, coffee, and sugar. when that economics model went down in the 80s our economy crashed and the goverment togheter with the elit try to change it by changing the model, and we pass from an agriculture economy to a services one, the beaches became full with tourist( mostly europpeans) the factories were dismantled and turned into scrap metal and sold, our money lost it value but in the process our economy was transformed and now its more or less estable. half of the population its poor, but some parts of the country have a nice way of living most of it based in tourism of the servicies like: telecomunications, restaurants, ects.

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