Dominican Republic Jobs Diagnostic
By many measures, the Dominican Republic experienced a stellar economic performance since the early 2000s. Upon closer inspection, however, progress has been slower than the aggregate indicators suggest. The fact that economic growth did not fully...
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| Format: | Report |
| Language: | English |
| Published: |
Washington, DC: World Bank
2021
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| Online Access: | http://documents.worldbank.org/curated/en/820141619770918898/Dominican-Republic-Jobs-Diagnostic http://hdl.handle.net/10986/35535 |
| Summary: | By many measures, the Dominican Republic
experienced a stellar economic performance since the early
2000s. Upon closer inspection, however, progress has been
slower than the aggregate indicators suggest. The fact that
economic growth did not fully translate into higher job
quality may help explain why the country’s poverty
indicators only declined at the same average pace as other
countries in Latin America and the Caribbean, even though
its per capita gross domestic product (GDP) grew almost
twice as fast as the regional average. This Jobs Diagnostic
argues that the main labor market challenge facing the
Dominican Republic is how to increase the quality of jobs in
a sustained manner. Meeting this challenge is important both
for achieving greater poverty reduction and shared
prosperity in the medium term, as well as for rendering jobs
less vulnerable to the risks posed by longer-term automation
and globalization trends. This report presents new findings
on the main bottlenecks that are hindering the creation of
better jobs in the Dominican Republic and outlines the
elements of a jobs strategy that can help remove them. |
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