Economic Analysis: The Dominican Republic
Chapter 2:
ECONOMIC ANALYSIS
A systematic approach to determining the optimum use of scarce resources, involving comparison of two or more alternatives in achieving a specific objective under the given assumptions and constraints.
Economic analysis takes into account the opportunity costs of resources employed and attempts to measure in monetary terms the private and social costs and benefits of a project to the community or economy.
Introduction
The Dominican Republic has the ninth largest economy in Latin America and is the largest economy in the Caribbean and Central American region. Though long known for agriculture and mining, the economy is now dominated by services. The Dominican Republic's economic progress is exemplified …show more content…
The year-round golf courses are among the top attractions on the island. A geographically diverse nation, the Dominican Republic is home to the region's tallest mountain peak, Pico Duarte, as well as the Caribbean's largest lake and lowest elevation, Lake Enriquillo. The island has an average temperature of 26 °C (78.8 °F) and great climatic and biological diversity. The country is also the site of the first cathedral, castle, monastery, and fortress built in all of the Americas, located in Santo Domingo's Colonial Zone, an area declared as a World Heritage Site by UNESCO. Music and sport are of great importance in the Dominican culture, with Merengue and Bachata as the national dance and music, and baseball as the favorite sport. Tourism is one of the fueling factors in the Dominican Republic's economic growth. With the construction of projects like Cap Cana, San Souci Port in Santo Domingo, and the Moon Palace Resort in Punta Cana, the Dominican Republic expects increased tourism activity in the upcoming …show more content…
Distribution of Population
1. Age
The age structure of Dominican Republic population:0-14 years:28% (male 1,474,170/female 1,423,573):15-24 years: 18.5%( male 974,688/female 937,103) 25-54 years: 39.3%( male 2,078,915/female 1,984,585) 55-64 years: 7.2%(male 376,175/female 371,152) 65 years: 7% (male 336,712/female 392,688). Sex ratio ,2014 estimate is:at birth: 1.04 male/female ,0-14 years: 1.04 male/female, 15-24 years: 1.04 male/female, 25-54 years: 1.05 male/female, 55-64 years: 1.03 male/female ,65 years and over: 0.86 male/female.
2. Sex The female population is greater , with 5,219,090 women ,representing 50.15% of total, compared to male with 5,186,853 or a total of 50.15%. 3. Geographic Areas
Dominican Republic is located on the West Indies that occupies the eastern five-eighths of Hispaniola, the land border shared with Haiti, which occupies the western three-eighths of the island, is 376 kilometer long. Dominican Republic’s shores are washed by the Atlantic Ocean to the north and the Caribbean Sea to the south. The Dominican Republic is the second largest country in the Caribbean at 48,921 square kilometer; the country coastline stretches for 1,633 kilometer. The Dominican Republic is administratively divided into 30
ECONOMIC ANALYSIS
A systematic approach to determining the optimum use of scarce resources, involving comparison of two or more alternatives in achieving a specific objective under the given assumptions and constraints.
Economic analysis takes into account the opportunity costs of resources employed and attempts to measure in monetary terms the private and social costs and benefits of a project to the community or economy.
Introduction
The Dominican Republic has the ninth largest economy in Latin America and is the largest economy in the Caribbean and Central American region. Though long known for agriculture and mining, the economy is now dominated by services. The Dominican Republic's economic progress is exemplified …show more content…
The year-round golf courses are among the top attractions on the island. A geographically diverse nation, the Dominican Republic is home to the region's tallest mountain peak, Pico Duarte, as well as the Caribbean's largest lake and lowest elevation, Lake Enriquillo. The island has an average temperature of 26 °C (78.8 °F) and great climatic and biological diversity. The country is also the site of the first cathedral, castle, monastery, and fortress built in all of the Americas, located in Santo Domingo's Colonial Zone, an area declared as a World Heritage Site by UNESCO. Music and sport are of great importance in the Dominican culture, with Merengue and Bachata as the national dance and music, and baseball as the favorite sport. Tourism is one of the fueling factors in the Dominican Republic's economic growth. With the construction of projects like Cap Cana, San Souci Port in Santo Domingo, and the Moon Palace Resort in Punta Cana, the Dominican Republic expects increased tourism activity in the upcoming …show more content…
Distribution of Population
1. Age
The age structure of Dominican Republic population:0-14 years:28% (male 1,474,170/female 1,423,573):15-24 years: 18.5%( male 974,688/female 937,103) 25-54 years: 39.3%( male 2,078,915/female 1,984,585) 55-64 years: 7.2%(male 376,175/female 371,152) 65 years: 7% (male 336,712/female 392,688). Sex ratio ,2014 estimate is:at birth: 1.04 male/female ,0-14 years: 1.04 male/female, 15-24 years: 1.04 male/female, 25-54 years: 1.05 male/female, 55-64 years: 1.03 male/female ,65 years and over: 0.86 male/female.
2. Sex The female population is greater , with 5,219,090 women ,representing 50.15% of total, compared to male with 5,186,853 or a total of 50.15%. 3. Geographic Areas
Dominican Republic is located on the West Indies that occupies the eastern five-eighths of Hispaniola, the land border shared with Haiti, which occupies the western three-eighths of the island, is 376 kilometer long. Dominican Republic’s shores are washed by the Atlantic Ocean to the north and the Caribbean Sea to the south. The Dominican Republic is the second largest country in the Caribbean at 48,921 square kilometer; the country coastline stretches for 1,633 kilometer. The Dominican Republic is administratively divided into 30