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Old 08-06-2023, 12:40 PM
 
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Dominican Americans play a huge role in the development of Dominican Republic. Especially the ones who came to US at a later age say teens 20s 30s, moreso than those born in the US or who came at old age, they lived a good chunk of their life in DR more attachment but still came early enough to work hard and save to invest. Compared to the diaspora communities of many other countries, the Dominican diaspora community abroad is heavily invested in Dominican politics and entertainment scene, and tend to invest in the country. Investing in homes (sometimes big elegant mansions) being vacation or retirement homes, having cashflow homes renting them out to local native-born Dominicans, and investing in businesses. Dominicans in the US, similar to their family back home, are very entrepreneurial, having businesses like Bodegas, hair salons, barbershops, restaurants etc, often saving that money and using half of it to reinvest back into DR.

Dominican Republic is also a popular investment/retirement destination for American expats and other foreigners, top 5 spot in Latin America region and top 20 in the world for American expats. Some well-off Haitian and Haitian Americans who choose to live abroad, move to DR and set up businesses and houses, many of them preferring it even over their home country, and often recieve less discrimination than the poorer haitian majority. Also, the small number of Puerto Ricans who choose to live outside of US national limits (including US territories like PR) are usually wealthy/entrepreneurial and open-minded to life abroad compared to ones in the states, among them DR is the top spot, having businesses and houses. Sizeable numbers of other well-off Latinos/Caribbeans (Cubans Venezuelans and others), Europeans (Germans Italians French Spaniards Brits), Asians (Arabs Chinese) etc also invest in DR, one of the few countries in the region recieving investments from several sources including from a diaspora community. Tho, investments from Dominican Americans is stronger than those of expat foreigners, excluding investments from foreign multimillion-dollar corporations. Aside from foreign investment, there's many other things that help the Dominican economy. Its only up from here with DR (economically speaking).

Last edited by ES193; 08-06-2023 at 01:26 PM..
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Old 08-06-2023, 11:24 PM
 
Location: Somewhere on the Moon.
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Quote:
Originally Posted by ES193 View Post
Dominican Americans play a huge role in the development of Dominican Republic. Especially the ones who came to US at a later age say teens 20s 30s, moreso than those born in the US or who came at old age, they lived a good chunk of their life in DR more attachment but still came early enough to work hard and save to invest.
Overall, yes. However, this rubs the wrong way some Dominicans on the island because sometimes it's made to seem (and I think some Dominicans in the diaspora actually think this) that Dominican-Americans in particular and the Dominican diaspora in general are responsible for most of the Dominican economy. They do have a point that the Dominican economy depends mostly on Dominicans on the island of the not receiving remittances types, but it's also true that the influence of Dominican-Americans is huge. Part of this is due to culture. Many Dominicans see moving abroad as a temporary thing more than outright permanent and is seen not just to economically get ahead, but also learning new skills (new managerial skills that may be the norm in the USA and not-so-much in the DR, professional skills and experience, etc) and later applying them back in the DR.

The amount of island Dominicans (and not just the rich ones, the government is now giving a greater priority to Dominicans with very good grade averages in public high school) getting government scholarships to study in goid and best universities in the USA, in Spain and in many of the top schools in Latin America (Tecnológico de Monterrey in Monterrey, Mexico; Universidad Autónoma de México in Mexico City; Universidad de Puerto Rico; Universidad de Chile and a few others) and returning back to the DR (rather than staying in those countries after they are done with their studies) tends to predominate.

Quote:
Compared to the diaspora communities of many other countries, the Dominican diaspora community abroad is heavily invested in Dominican politics and entertainment scene, and tend to invest in the country.
Again, overall yes.

The politics part, I wouldn't blame some diasporas for not getting involved or as much in the politics of their countries of origin. The best example of this (and really, the most relevant for obvious reasons) is the Haitian diaspora, which is big in the USA and in Canada. Heavily Dominican populated neighborhoods in cities such as NYC get much participation and attention from Dominican politicians. There are flyers of Dominican politicians on the island spread around and in many Dominican-owned businesses. All Dominican political parties are an office in those neighborhood and enroll new members that are living in those neighborhoods and surrounding towns. Many times Dominican politicians of the island are seen in billboards in those neighborhoods and many go to NYC to do political rallies just as they do in the DR.

Case in point, last week the Dominican President Luis Abinader was asked what is his next trip and his answer was that the Dominican government need to show support and love (his words) to the Dominican diaspora. He had to make a decision between several events in the DR or the Dominican Parade in NYC and he choose to be in the Dominican Parade (I think it takes place sometime this week in NYC.) This is how important the Dominican diaspora is to the Dominican government since this Dominican Parade is the biggest one in the world, so the symbol of his attendance is paramount.

He says it here (in Spanish) in a program done sometime last week in SD. (Around 11:10)

https://youtu.be/hP93LY6STvc


That doesn't exist in heavily populated Haitian neighborhoods and the reason is that the political class in Haiti shuns the Haitian diaspora. It shouldn't be that way and it has to change, because Haiti's diaspora isn't particularly small and that country can get much benefit from the diaspora if they welcome the diaspora instead of shunning them. In that case, I wouldn't say the Haitian diaspora don't want to get involve in Haitian politics, it's more that they can't because they don't have a government that is more welcoming to the participation of the diaspora. As said before, this has to change. Not maybe, not perhaps, it must.

Quote:
Investing in homes (sometimes big elegant mansions) being vacation or retirement homes, having cashflow homes renting them out to local native-born Dominicans, and investing in businesses. Dominicans in the US, similar to their family back home, are very entrepreneurial, having businesses like Bodegas, hair salons, barbershops, restaurants etc, often saving that money and using half of it to reinvest back into DR.
Very much true agsin. There is also the other side, perhaps more invincible, which is Dominican professionals in various fields after spending many years getting experience in the US, go back to the DR and apply what they learn. That is the case of Darys Estrella Mordán. She is actually from a humble family from San José de Ocoa (many people think she's from the rich Estrella family fro m Santiago, but in reality she's from the poors from Ocoa, lol), in the mountains in the southern DR, spent many years working in Wall Street in NYC and for many years has been involved in the development of the Dominican stock exchange market. This is an example of how acquired expertise in a sector in the USA, this case in the finance sector, is taken and inserted in the DR benefitting that particular Dominican sector.


Anyway, this was ublished by the IMF this past week. It turnsout that the DR is the leading country in Latin America in converging with the USA (getting closer to the general standards of living of the USA, which as everyone knows is a developed country.) Even the region on average is going backwards in this respect (everything to the left of the vertical line.)

https://www.imf.org/en/News/Articles...coming-decades

That wouldn't be possible without the influence of the Dominican diaspora.
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Old 08-08-2023, 02:13 PM
 
Location: Somewhere on the Moon.
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I should had also explained in the previous post regarding the graph that the Convergence Ratio is equivalent to the standard of living in relation to the USA standard of living. That means the standard of average living is greater or closer to the USA's the higher a country is on the graph.

Standards of living doesn't imply other things thst many people may thing they're symbols of prosperity, such as very hood urban planning or very orderly societies. For example, the capital of Moldova has a better planning, is more orderly, etc than the Dominican capital of Santo Domingo despite Santo Domingo is the capital of a richer country. Greater standard's of living doesn't imply better urbsn planning and such.
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Old 08-13-2023, 11:27 AM
 
Location: Somewhere on the Moon.
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The following printscreens are from the amateur video (shown in the end) by someone filming the Dominican Day Parade which takes place today in NYC.

I simply want to point out what I said previously of Dominican politicians advertising themselves in Dominican heavy neighborhoods despite they are politicians in the DR and not of the Dominican heavy communities in the USA. This is one of those signs that are "hidden" yet obvious of how involved the Dominican diaspora is not just with politics in the DR, but basically all aspects of life on the island.

The area of the printscreens below are not one of those Dominican neighborhoods, but because there are so many Dominicans there due to the parade, there goes the political advertisement as well.


Guido Gómez Mazara aspiring to run for the presidency of the DR (for a time he lived in NYC and he is married to a Puerto Rican woman, if he wins the presidency she will become the first Puerto Rican first lady of the DR) and Pedro Julio Peña for Deputy (Congressman) in the Chamber of Deputies in the DR. In the case if the second one, he is running for the position "Diputado de Ultramar" which is basically the Congressman representing the interest of the DR diaspora in the Dominican Chamber of Deputies in Santo Domingo.


Leonel Fernández, who has been president on three periods aspire to run for the presidency again.



There are others, but this is to give an idea.

Of course, the current President Luis Abinader with the First Lady of the DR and other representatives of the Dominican government have been in NYC since Friday. The purpose is to be present in this parade which, according to him, is to show support to the Dominican diaspora.

Yesterday, the President assisted to several events in NYC, one of recognizing Dominicans from the diaspora that have been able to get affordable houding in the DR through the Dominican government program "Familia Frliz." The other event was held by INDEX recognizing with plaques several Dominicans in the NYC area that distinguish themselves in various fields and remembering the Dominicans police officers in the NYPD killed on duty a few months ago.


https://www.youtube.com/live/fx1ma_eqg0M
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Old 10-09-2023, 10:48 AM
 
Location: Somewhere on the Moon.
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I'll post this here than creating a separate thread.

This was published today in the Listín Diario, the main newspaper of the Dominican Republic.

I will only translate the title:

Jamica see the Country as a Succesful Economic Model


Listín Diario of 10/09/23.

Beautiful. Good to see that two brotherly nations are strengthening ties with each other.


The following was in November 2022 when the Dominican airline Arajet made its first flight from Santo Domingo to Kingston, Jamaica. Another step symbolizing the closer ties between the two countries. This is in nice, big, comfortable airplanes and not one of those small ones usually used in intra-Caribbean flights.


https://www.facebook.com/10007692371...4dgdT4QdLEGnl/


https://www.facebook.com/10007692371...4dgdT4QdLEGnl/


https://youtu.be/vgfrM6PBqBs?si=qd2ivbromOzOp2_t

As the two countries strengthen their ties, there will be further economic support and investments in both economies to and from both countries.

I'm expecting to see in the next few months some Jamaican products in Dominican supermarkets and stores and vice versa in Jamaica.

Also, this was two months ago when for the first tine ever the President of Guyana made an official visit to Santo Domingo, signifying closer ties between those two countries too.


https://youtu.be/UmJHJG_lLPY?si=_ojjsRzgAS9xP7I0

There are rumors that the President of Suriname wants to make an official visit to the DR soon. That two would be the first.

Last edited by AntonioR; 10-09-2023 at 11:19 AM..
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Old 10-09-2023, 07:57 PM
 
Location: Somewhere on the Moon.
9,686 posts, read 14,516,397 times
Reputation: 9978
Regarding what I said in the previous post about the rumor that the President of Suriname will make an official visit to the DR, it turns out a few days ago he actually made an official visit. This is from 4 days ago as he arrived at the National Palace in Santo Domingo.


https://www.youtube.com/live/ndpzfAo...BPUx3q6jZG3Dla
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