Trading development or developing trade? The Dominican Republic’s trade, policies, and effects in historical perspective
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| Natura: | Artículo científico |
| Lingua: | en |
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Universidad del Atlántico
2013
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| _version_ | 1876473547524669440 |
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| author | Leticia Arroyo Abad |
| author_facet | Leticia Arroyo Abad |
| contents | Trading development or developing trade? The Dominican Republic’s trade, policies, and effects in historical perspective Leticia Arroyo Abad Amelia U. Santos-Paulino Historia Trade economic development The Dominican Republic’s partaking in the global economy has fluctuated significantly since post-colonial times. This paper follows this country’s journey in and out of the world markets since 1880s by analysing the role of the export sector within the economy and the impact on development. We are interested in whether the DR developed due to the expansion of trade or if actually trade hampered development. We find that the integration to the world economy has been costly, as the volatility of the terms of trade and capital flows increased the country’s vulnerability. The implemented governmental policies introduced distortions to the economy and achieved few gains in terms of economic development. Export diversification arrived relatively late to the DR, and the effects on development have been divergent, as far as improving trade balance, promoting diversification, building human capital, and creating employment. 2013 artículo científico 0122-8803 https://www.redalyc.org/articulo.oa?id=93729730008 en http://www.redalyc.org/revista.oa?id=937 Historia Caribe application/pdf Universidad del Atlántico Historia Caribe (Colombia) Num.23 Vol.VIII |
| format | Artículo científico |
| id | redalyc_93729730008 |
| institution | Redalyc |
| language | en |
| publishDate | 2013 |
| publisher | Universidad del Atlántico |
| spellingShingle | Trading development or developing trade? The Dominican Republic’s trade, policies, and effects in historical perspective Leticia Arroyo Abad Historia Trade economic development Trading development or developing trade? The Dominican Republic’s trade, policies, and effects in historical perspective Leticia Arroyo Abad Amelia U. Santos-Paulino Historia Trade economic development The Dominican Republic’s partaking in the global economy has fluctuated significantly since post-colonial times. This paper follows this country’s journey in and out of the world markets since 1880s by analysing the role of the export sector within the economy and the impact on development. We are interested in whether the DR developed due to the expansion of trade or if actually trade hampered development. We find that the integration to the world economy has been costly, as the volatility of the terms of trade and capital flows increased the country’s vulnerability. The implemented governmental policies introduced distortions to the economy and achieved few gains in terms of economic development. Export diversification arrived relatively late to the DR, and the effects on development have been divergent, as far as improving trade balance, promoting diversification, building human capital, and creating employment. 2013 artículo científico 0122-8803 https://www.redalyc.org/articulo.oa?id=93729730008 en http://www.redalyc.org/revista.oa?id=937 Historia Caribe application/pdf Universidad del Atlántico Historia Caribe (Colombia) Num.23 Vol.VIII |
| title | Trading development or developing trade? The Dominican Republic’s trade, policies, and effects in historical perspective |
| topic | Historia Trade economic development |
| url | https://www.redalyc.org/articulo.oa?id=93729730008 |