[PDF] Jobless Growth In The Dominican Republic eBook

Author : Christian Krohn-Hansen
Publisher : Stanford University Press
Page : 301 pages
File Size : 33,25 MB
Release : 2022-05-03
Category : Business & Economics
ISBN : 1503631575

GET BOOK

The Dominican Republic has posted impressive economic growth rates over the past thirty years. Despite this, the generation of new, good jobs has been remarkably weak. How have ordinary and poor Dominicans worked and lived in the shadow of the country's conspicuous growth rates? This book considers this question through an ethnographic exploration of the popular economy in the Dominican capital. Focusing on the city's precarious small businesses, including furniture manufacturers, food stalls, street-corner stores, and savings and credit cooperatives, Krohn-Hansen shows how people make a living, tackle market shifts, and the factors that characterize their relationship to the state and pervasive corruption. Empirically grounded, this book examines the condition of the urban masses in Santo Domingo, offering an original and captivating contribution to the scholarship on popular economic practices, urban changes, and today's Latin America and the Caribbean. This will be essential reading for scholars and policy makers.

Author : Mr.Umidjon Abdullaev
Publisher : International Monetary Fund
Page : 25 pages
File Size : 17,92 MB
Release : 2013-02-08
Category : Business & Economics
ISBN : 1475518579

GET BOOK

The Dominican Republic has posted high rates of output and productivity growth, but labor market indicators have remained weak during the past 20 years. This paper documents these trends, showing that the rapid productivity growth originates in a few sectors, while the bulk of job creation is concentrated elsewhere. The speed of job creation has not been enough to raise employment rates, and lackluster real earnings along with still-rampant labor market informality suggest that most of the new jobs are of low quality. Low real wages and low labor force participation suggest the need of raising market wages above fallback incomes to attract individuals to the labor force. For that, measures to improve education and reduce product market distortions would be helpful.

Author : Rosemary Vargas-Lundius
Publisher : Routledge
Page : 388 pages
File Size : 21,32 MB
Release : 2019-09-05
Category : Political Science
ISBN : 1000242935

GET BOOK

A study of economic development in the Dominican Republic, this book argues that rigid economic structures and poor use of labour resources have created conditions that undermine the demand for labour, and maintain perpetual poverty and unemployment. Viewing the problem from a broad perspective, the author analyzes labour and credit markets, offers empirical data on agricultural yields, and examines such socioeconomic issues as the living conditions among the peasantry, the demand for immigrant Haitian labour, and migration from rural to urban areas.

Author : Francisco Galrao Carneiro
Publisher : World Bank Publications
Page : 185 pages
File Size : 15,87 MB
Release : 2017-05-31
Category : Business & Economics
ISBN : 1464810370

GET BOOK

The Dominican Republic stands out as a fast growing economy that has not been able to generate a commensurate reduction in poverty. Three reasons have been raised before to explain this conundrum: (i) a labor market that does not translate productivity gains into salary increases; (ii) a domestic economy with weak inter-sectoral linkages; (iii) and a public sector that does not spend enough nor particularly well to reduce poverty. In addition, the country remains largely exposed to natural disasters and exogenous shocks that, if not mitigated properly, may affect the sustainability of growth in the medium and longer terms. This book assembles a collection of empirical analyses that explore three complementary hypotheses that could help understand why the Dominican Republic continues, to this date, experiencing high economic growth rates with limited poverty reduction. The first hypothesis is concerned with testing whether the observed pattern of fast economic growth cum persistent poverty in the DR is partly driven by a poverty methodology that does not account for price variation that affects distinctly the consumption patterns of low-income and better-off households. If that hypothesis holds, the DR may face a situation in which household income for households at the bottom of the distribution is underestimated. The second hypothesis tests whether the pattern of specialization in the DR might be such that it does not favor unskilled labor. If that hypothesis holds, then returns to capital are probably much higher than returns to labor which would be an indication that the DR has had a comparative advantage in products that are capital intensive instead of labor-intensive. The third hypothesis investigates whether poverty and wage inequality in the DR are affected not only by immigration but also by emigration. The contribution of the volume, therefore, lies in precisely offering a more careful exploration of specific issues around common explanations for the shortcomings of the DR in reducing poverty on a faster basis.

Author : Ramona Hernández
Publisher : Columbia University Press
Page : 249 pages
File Size : 13,89 MB
Release : 2002-03-06
Category : Social Science
ISBN : 0231505183

GET BOOK

What explains the international mobility of workers from developing to advanced societies? Why do workers move from one region to another? Theoretically, the supply of workers in a given region and the demand for them in another account for the international mobility of laborers. Job seekers from less developed regions migrate to more advanced countries where technological and productive transformations have produced a shortage of laborers. Using the Dominican labor force in New York as a case study, Ramona Hernández challenges this presumption of a straightforward relationship between supply and demand in the job markets of the receiving society. She contends that the traditional correlation between migration and economic progress does not always hold true. Once transplanted in New York City, Hernández shows, Dominicans have faced economic hardship as the result of high levels of unemployment and underemployment and the reality of a changing labor market that increasingly requires workers with skills and training they do not have. Rather than responding to a demand in the labor market, emigration from the Dominican Republic was the result of a de facto government policy encouraging poor and jobless people to leave—a policy in which the United States was an accomplice because the policy suited its economic and political interests in the region.

Author : Roby Senderowitsch
Publisher :
Page : pages
File Size : 44,63 MB
Release : 2013
Category :
ISBN :

GET BOOK

During the second half of the year 2008, the world experienced the worst worldwide economic crisis in over 70 years. The effects deriving from this crisis can still be felt over most of the planet. Low or negative economic growth in developed nations and emerging economies, high levels of unemployment and millions of persons below the poverty line, are some of the starkest examples. In the Dominican Republic, the effects of this international crisis are manifested in the reduction in international trade, the drop in tourism and in remittances, and an economic growth rate lower than expected. In this regard, the Dominican Republic asked the World Bank to prepare nine policy notes which are presented in this volume. These notes focus on the following topics: 1) long run economic growth in the Dominican Republic; 2) ease of doing business; 3) logistics for competitiveness; 4) access to financial services with emphasis on financing for micro, small and medium enterprises (MSMEs); 5) the electricity sector; 6) climate change and the Dominican Republic, 7) the health sector, 8) territorial development, and 9) accountability and performance system. The policy notes presented here argue that an inclusive development is possible in the Dominican Republic. However, great challenges must be faced to meet this goal. From the analysis presented in this volume four challenges emerge which must be faced head-on in order to achieve sustainable and inclusive development.

Author : Francisco Galrao Carneiro
Publisher : Directions in Development
Page : 0 pages
File Size : 43,9 MB
Release : 2017
Category : Business & Economics
ISBN : 9781464810367

GET BOOK

This book assembles a collection of empirical analyses that explore three complementary hypotheses that could help understand why the Dominican Republic continues, to this date, experiencing high economic growth rates with limited poverty reduction.

Author : Weltbank
Publisher :
Page : pages
File Size : 42,96 MB
Release : 2017
Category :
ISBN :

GET BOOK

The strong economic growth enjoyed by the Dominican Republic following its 2003 domestic crisis was not matched by similarly substantial progress in poverty reduction. While labor productivity grew by an estimated 39 percent between 2000 and 2013, real wages fell with the crisis in 2003/04, and, in 2013, remained below their pre-crisis level. This report presents an assessment of factors related to the functioning of the labor markets that constrained more inclusive growth in the Dominican Republic. It explores several hypotheses related to labor supply factors, job creation, and global trends in returns to labor, as well as issues with statistical measurements that contribute to explain the weak relationship observed between growth and poverty reduction. The analysis finds that growth appears to have been driven by productivity increases rather than by increases in labor inputs. At the same time, low-skilled workers became increasingly concentrated in low-quality jobs and in sectors that saw low productivity growth, a trend enhanced by the loss of manufacturing jobs since 2000. Low rates of labor force participation, particularly among the poor, further limited the ability of households to benefit from growth.

Author : Carmen Pag s
Publisher : World Bank Publications
Page : 484 pages
File Size : 29,63 MB
Release : 2009-06-19
Category : Business & Economics
ISBN : 0821380257

GET BOOK

More than a decade has passed since the introduction of comprehensive macroeconomic stabilization packages and trade, fiscal, and financial market reforms in Latin America and the Caribbean. However, growth prospects remain disappointing; labor markets show lackluster performance, with low participation rates, high and persistent informality, and, in some cases, open unemployment. Creating viable and lasting employment is vital to reduce poverty and spread prosperity in the region. The failure to create more and more productive and rewarding jobs carries substantial political, social, and economic costs. 'Job Creation in Latin America and the Caribbean: Recent Trends and Policy Challenges' provides a thorough examination of the labor market trends in the region in recent decades and assesses the role that labor demand and labor supply factors have played in shaping these outcomes.

Author : Hernan Winkler
Publisher :
Page : pages
File Size : 38,60 MB
Release : 2021
Category :
ISBN :

GET BOOK

By many measures, the Dominican Republic experienced a stellar economic performance since the early 2000s. Upon closer inspection, however, progress has been slower than the aggregate indicators suggest. The fact that economic growth did not fully translate into higher job quality may help explain why the country's poverty indicators only declined at the same average pace as other countries in Latin America and the Caribbean, even though its per capita gross domestic product (GDP) grew almost twice as fast as the regional average. This Jobs Diagnostic argues that the main labor market challenge facing the Dominican Republic is how to increase the quality of jobs in a sustained manner. Meeting this challenge is important both for achieving greater poverty reduction and shared prosperity in the medium term, as well as for rendering jobs less vulnerable to the risks posed by longer-term automation and globalization trends. This report presents new findings on the main bottlenecks that are hindering the creation of better jobs in the Dominican Republic and outlines the elements of a jobs strategy that can help remove them.