Dominican Republic Research Paper

Submitted By timtim12219
Words: 660
Pages: 3

Home of the Beauty and the Great The definition I found most accurate for globalization is, “the process of worldwide movement toward economic, financial, trade, and communications integration. This implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with free transfer of capital, goods, and services across national frontiers. However, it does not include unhindered movement of labor and, as suggested by some economists, may hurt smaller or fragile economies if applied indiscriminately.” Globalization is great for companies and corporations as it gets there product all around the world. It helps small countries like Dominican Republic who do not have the big resources the core countries have. Globalization could be measured in many different ways in this project. By looking at the map of the Dominican Republic, it was clear that they were a lot more global than people might think. They trade with plenty of core countries all around the world and are very dependent on the United States. Also, their foreign investment has greatly increased from a decade ago when it was all invested in basically one country. Intercontinental flights are now frequently available in the Dominican Republic whereas a decade ago there were barely any international flights. The net migration rates are far down from where they were in 2002. For every 1,000 people that were in the country there were an average of 3.6 people leaving. Opposed to now where the population is over 10 million people. They have become a more stable economy due to the globalization and the ability to trade goods and services with other countries. Back in 2002 when the net migration rate in the Dominican Republic was -3.56, the population was just over 8 million people. As of 2012, the net migration rate has increased dramatically to -1.98. That means that lots more people are creating lives and careers in the Dominican instead of trying to flee out. They have created a more stable environment and because of that their population has increased by more than 25% in the last decade. Their debt has also greatly increased which shows they are sticking their necks out in the world. They are trading with other countries and their demands are increasing each year because of the expanding economy. They went from 5 billion dollars in 2002 to 14 billion in 2012. That’s a massive increase in world activity. The exports and imports have vastly increased throughout the last decade. Back in 2002, the Dominican Republic relied solely on the United States and 87% of exports were to the