Portal:Dominican Republic
Introduction
The Dominican Republic (/dəˈmɪnɪkən/ də-MIN-ik-ən; Spanish: República Dominicana, pronounced [reˈpuβlika ðominiˈkana] ( After more than three hundred years of Spanish rule, the Dominican people declared independence in November 1821. The leader of the independence movement, José Núñez de Cáceres, intended the Dominican nation to unite with the country of Gran Colombia, but the newly independent Dominicans were forcefully annexed by Haiti in February 1822. Independence came 22 years later in 1844, after victory in the Dominican War of Independence. Over the next 72 years, the Dominican Republic experienced mostly civil wars (financed with loans from European merchants), several failed invasions by its neighbour, Haiti, and brief return to Spanish colonial status, before permanently ousting the Spanish during the Dominican War of Restoration of 1863–1865. During this period, two presidents were assassinated (Ulises Heureaux in 1899 and Ramón Cáceres in 1911). The U.S. occupied the Dominican Republic (1916–1924) due to threats of defaulting on foreign debts; a subsequent calm and prosperous six-year period under Horacio Vásquez followed. From 1930 the dictatorship of Rafael Leónidas Trujillo ruled until his assassination in 1961. Juan Bosch was elected president in 1962 but was deposed in a military coup in 1963. A civil war in 1965, the country's last, was ended by U.S. military intervention and was followed by the authoritarian rule of Joaquín Balaguer (1966–1978 and 1986–1996). Since 1978, the Dominican Republic has moved toward representative democracy, and has been led by Leonel Fernández for most of the time after 1996. Danilo Medina succeeded Fernández in 2012, winning 51% of the electoral vote over his opponent ex-president Hipólito Mejía. He was later succeeded by Luis Abinader in the 2020 presidential election. (Full article...) Selected article - The economy of the Dominican Republic is the seventh largest in Latin America, and is the largest in the Caribbean and Central American region. The Dominican Republic is an upper-middle income developing country with important sectors including mining, tourism, manufacturing (medical devices, electrical equipment, pharmaceuticals, and chemicals), energy, real estate, infrastructure, telecommunications and agriculture. The Dominican Republic is on track to achieve its goal of becoming a high-income country by 2030, and is expected to grow 79% in this decade. The country is the site of the single largest gold mine in Latin America, the Pueblo Viejo mine.Although the service sector is currently the leading employer of Dominicans (due principally to growth in tourism and free-trade zones), agriculture remains an important sector in terms of the domestic market and is in second place (behind mining) in terms of export earnings. Tourism accounts for more than $7.4 billion in annual earnings in 2019. Free-trade zone earnings and tourism are the fastest-growing export sectors. A leading growth engine in the Free-trade zone sector is the production of medical equipment for export having a value-added per employee of $20,000 USD, total revenue of $1.5 billion USD, and a growth rate of 7.7% in 2019. The medical instrument export sector represents one of the highest-value added sectors of the country's economy, a true growth engine for the country's emerging market. Remittances are an important sector of the economy, contributing $8.2 billion in 2020. Most of these funds are used to cover household expenses, such as housing, food, clothing, health care and education. Secondarily, remittances have financed businesses and productive activities. Thirdly, this combined effect has induced investment by the private sector and helps fund the public sector through its value-added tax. The combined import market including the free-trade-zones amounts to a market of $20 billion a year in 2019. The combined export sector had revenues totaling $11 billion in 2019. The consumer market is equivalent to $61 billion in 2019. An important indicator is the average commercial loan interest rate, which directs short-term investment and stimulates long-term investment in the economy. It is currently 8.30%, as of June 2021. The Dominican Republic's most important trading partner is the United States (about 40% of total commercial exchange). Other major trade partners are China, Haiti, Puerto Rico, the European Union, Canada, Mexico, India, Spain, Brazil, Germany, the United Kingdom, the Netherlands and Japan, in that quantitative order. The country exports free-trade-zone manufactured products (medical devices, electrical equipment, pharmaceuticals, and chemicals), gold, nickel, agricultural products, liquor, cocoa beans, silver, and sauces and seasonings. It imports petroleum, industrial raw materials, capital goods, and foodstuffs. On 5 September 2005, the Congress of the Dominican Republic ratified a free trade agreement with the U.S. and five Central American countries, the Dominican Republic – Central America Free Trade Agreement (CAFTA-DR). CAFTA-DR entered into force for the Dominican Republic on 1 March 2007. The total stock of U.S. foreign direct investment (FDI) in Dominican Republic as of 2019 was U.S. $42 billion, much of it directed to the energy, tourism, real estate, manufacturing, infrastructure and the telecommunications sectors. In 2019 the foreign direct investment stock amounted to $42 billion a significant growth in the last decade and a half. In 2020, during the COVID-19 pandemic, foreign direct investment flows in the Dominican Republic had remained strong at $2.5 billion added to the stock in that year. Having grown to an estimated $44.5 billion, and growing more than ten-fold since 2006 when the liberalization efforts began. (Full article...)General images -The following are images from various Dominican Republic-related articles on Wikipedia.
Selected picture -A view of Samaná Bay
Selected biography -Rafael Leónidas Trujillo Molina (/truːˈhiːjoʊ/ troo-HEE-yoh, Spanish: [rafaˈel leˈoniðas tɾuˈxiʝo moˈlina]; 24 October 1891 – 30 May 1961), nicknamed El Jefe (Spanish: [el ˈxefe], "The Chief" or "The Boss"), was a Dominican dictator who ruled the Dominican Republic from February 1930 until his assassination in May 1961. He served as president from 1930 to 1938 and again from 1942 to 1952, ruling for the rest of the time as an unelected military strongman under figurehead presidents. His rule of 31 years, known to Dominicans as the Trujillo Era (Spanish: El Trujillato), is considered one of the bloodiest political regimes ever in the Americas, and centered around a personality cult of its leader. Trujillo and his regime were responsible for many deaths, including between 12,000 and 30,000 Haitians in the infamous Parsley Massacre. During his long rule, the Trujillo government extended its policy of state terrorism beyond national borders. Notorious examples of Trujillo's reach abroad are the assassination attempt in Caracas against Venezuelan President Rómulo Betancourt in 1960, the abduction and subsequent disappearance in New York City of the Spaniard Jesús Galíndez in 1956, the murder of writer José Almoina in Mexico, also a Spaniard, and crimes committed against Cubans, Costa Ricans, Nicaraguans, Americans and Puerto Ricans. (Full article...)Related portalsTopics
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