How the Dominican Republic can escape the ‘middle-income trap’
Bottom lines up front
- Over the past three decades, the Dominican Republic has consolidated stable electoral competition and durable institutions, in a region often marked by volatility and democratic backsliding.
- Institutional continuity enabled the transition from an agrarian base to a diversified, open economy that has delivered ...
The Dominican Republic's story is one of quiet resilience—a rare case in Latin America where institutional stability has translated into sustained economic growth. The strongest version of this narrative highlights the country's ability to avoid the democratic backsliding and economic volatility plaguing its neighbors, instead building a diversified economy and improving living standards. This stability has created a virtuous cycle: predictable institutions attract investment, which fuels growth...