The economist and former executive director of the world BankMoisés Naim, affirmed that the Dominican Republic has managed to place itself within a group of nations that he called “surprise countries”, due to the takeoff and growth of their economies, despite the uncertainty and contraction of the global economy in recent decades.
Naim made the statement during the conference organized by the Banco de Reservas “The world economy: surprises, emergencies and solutions”. In it he addressed issues such as democracy, which in his opinion is in danger of extinction due to “populism, polarization and post-truth”, which have made it possible for questionable figures to rise to power and make the democratic system more expensive, as well as aspects related to geopolitics.
After analyzing that there are exogenous forces that cause many changes that affect the country and personally, Naim indicated that there is also good news, as is the case of the “countries that are surprising us”, among which he cited the Dominican Republic.
Among that group of nations that is better equipped to weather a possible global recession, due to its growth in gross domestic product (GDP), and maintain controlled inflation, he mentioned Vietnam, Indonesia, India, Greece, Portugal, Saudi Arabia and Japan.
In the case of Vietnam, he cited that it has a growth of 7%; Indonesia has 5%; India, a GDP between 8% and 9%; and Greece 4%.
Regarding the Dominican Republic, he replied: “You know that you are doing well and you know what remains to be done, and what are the tasks that are not going to be corrected, but also those that are going to be corrected.”
He added that the country navigated the adversities caused by the pandemic, despite which the economy has continued to grow.
The changes
The author of books like the end of power, rethink the world, Illicit and, most recently, Revenge of the mightyanalyzed the changes generated by world geopolitics, the impact of the war between Russia and Ukraine, and the prices of energy and food, to the point of stating that there are “prices that topple governments”.
“We know that great things are happening, exogenous forces that are operating, that are transforming our society, our countries, our neighborhoods. We know that big changes are coming, that our families will be touched, but we don’t know how. It is the anxiety of uncertainty, what is going to happen next…, how will my people be. And that is part of the confusion,” she observed.
After drawing attention to the meeting being held this week in Washington by the International Monetary Fund and the world Banksaid that important decisions will be made that will have important consequences for everyone.
He cited a report from world Bankwhich says that since 1970 “every global recession was preceded by a sharp drop in growth from the previous year and that is what is happening now”.
Naim spoke in a hotel in the capital before an audience made up of economists, intellectuals, officials, a member of the diplomatic corps and executives of the Reserve Bank.
