Posts Tagged poverty
Why is Haiti so much poorer than the Dominican Republic?
Posted by ONeil in Economy and Trade, Perspectives on August 28th, 2009
Haitian Woman in Ouanaminthe
One of the fascinating aspects of our activities along the border is the chance to work in both Haiti and the Dominican Republic. This island of Hispaniola (or Quesqueya as the Haitians prefer) is less than half the size of Florida and yet is divided between two very different worlds. Although neither country is well-off by US or European standards, the Dominican Republic is doing dramatically better than its neighbor. Whereas the Dominican Republic’s economy is based on exports and tourism, most Haitians work in subsistence agriculture. Over much of the last forty years, the Dominican Republic has had one of the fastest growing economies in the hemisphere while Haiti has had one of the slowest. In real estate, brokers say that the value of a property is based on three factors: location, location, and location. Yet somehow, Haiti’s location has not helped its value. Read the rest of this entry »
