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Originally Posted by Chris
Its like the financial functioning of the world is made up of jello.
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It's made of oil.
Quote:
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Originally Posted by Chris
I don't think any leader or wannabe leader has answers for the 'perfect storm' that the DR is facing.
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Politicians do not draw their power from being economists. They draw their power from taking money from one group and spending it to buy votes.
The
ONLY solution is a drive to increase real per capita GDP. But, once again, it's difficult if not nearly impossible, when you have more people than the internal resources can support.
The real problem comes when external funding to the DR shrinks up because of the global pressure stemming from higher oil prices from a huge global increase in demand. About every country on the planet will have a shortage of "gift" funds, because resourses are shifted toward oil.
What do you think will happen when foriegn aid to the DR dries up?
