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Multi-dimensional Review of the Dominican Republic

Towards Greater Well-being for All

image of Multi-dimensional Review of the Dominican Republic

The Dominican Republic has made strides on many socioeconomic fronts over the years. The country has been one of the leading economies in Latin America and the Caribbean in terms of GDP growth, reaching upper middle-income status in 2011. However, progress on the different dimensions of well-being has been insufficient. In particular, socioeconomic and territorial disparities are still important, and public institutions remain insufficiently solid. For the Dominican Republic to embark on a more prosperous development path, three critical dimensions must be tackled. First, providing quality jobs for all, with particular emphasis on boosting formalisation and productive transformation. Second, mobilising more public and private finance for development, with more progressive and effective taxation systems, more efficient public expenditure and deeper capital markets. Third, accelerating digital transformation to boost productivity, enhance inclusion and support job creation.

English Also available in: Spanish

Achieving digital transformation for inclusive and sustainable development in the Dominican Republic

The digital transformation has the potential to improve productivity, foster inclusiveness, help tackle climate change, and transform public institutions. However, if not accompanied by an adequate policy mix, the digital transformation can also deepen existing inequalities and create new gaps. This chapter analyses where the Dominican Republic stands in its efforts to advance a digital transformation, and provides policy recommendations to make this a driver of greater well-being for all. In particular, the chapter analyses key dimensions for the digital transformation of households and schools, as two fundamental areas where technologies can play a role in favouring inclusion and reducing socioeconomic inequalities. It also examines how the digital transformation can be a driver of greater productivity, improving the adoption of new technologies by firms, and what policies will help in making the most of the digital transformation of labour markets. Finally, this chapter argues in favour of a strategic vision of the digital transformation, so that digital issues are addressed in a holistic and coherent manner.

English Also available in: Spanish

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