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Structural Change and Growth in Central America and the Dominican Republic

An Overview of Two Decades, 1990-2011

image of Structural Change and Growth in Central America and the Dominican Republic

This publication looks at changes that have occurred with the production structure, trade and society in Central America and the Dominican Republic, and how they have influenced the countries’ growth trajectories. One of the conclusions it reaches is that the subregion overall has enjoyed faster economic growth than the rest of Latin America over the two decades examined, 1990-2011, which has helped to raise incomes and living standards. Yet this progress falls far short of what is needed, given the high levels of poverty and indigence and the glaring inequalities suffered by much of the population in Central America and the Dominican Republic.

English Spanish

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The balance of payments and economic growth in Central America and the Dominican Republic

Chapter IV looked at changes in the way the subregion participates in global markets, at changes in its production structure in terms of GDP and employment by sector, and at the track record of labour productivity. The findings show that several aspects of export activity and foreign investment changed significantly in Central America and the Dominican Republic between 1990 and 2011. Except for Panama, however, the changes in the external sector were accompanied by very limited transformation of the region’s production structure in terms of the share in GDP of the key branches of economic activity.

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