Dominican Republic: Economic Prospects and Policies to Renew Growth

摘要

The Dominican Republic is confronting the worst economic crisis in its recent history. The memorandum examines its long-term prospects, its public finances, pricing policy in food crops, and the incentive structure facing importers and exporters. It concludes that, unless major policy initiatives are taken, growth in the second half of the 1980s will not resume the high rates experienced in the early 1970s. The foreign trade regime should be reformed to eliminate imbalances in trade, to make import-substitution more efficient and promote new exports.