SANTIAGO, Chile. – “Latin America continues growing despite the deterioration of the international economic context,” said Cepal, the United Nation’s regional economic organization today, which also expects 5.5 percent growth for the Dominican Republic.
Latin America’s Gross Domestic Product (GDP) will expand 4.7 this year, the entity said in its "Economic study of Latin America and the Caribbean 2007-2008."
Although the organization’s figure is one point less than the region’s 5.7 percent growth in 2007, Cepal executive secretary Alicia Bárcena, upon presenting the report, said in 2008 Latin America and the Caribbean will have reached five years of sustained GDP increase per inhabitant in a rate of more than 3 percent, a similar economic period found only as far back as 40 years ago.
The Cepal report projects a 4 percent growth for next year, mainly to the prolonged phenomena which have affected the region this year, such as the accelerated inflation, which has spurred interest rate jumps that also impact the GDP.
Peru will lead this year’s growth at 8.3 percent, Cepal said on its Web site, followed by Panama (8.0), Uruguay (7.5), Argentina (7.0), Cuba (7.0) and Venezuela (6.0).
Dominican Republic follows with 5.5 percent, Colombia (5.3), Paraguay (5.0), Brazil (4.8). Bolivia (4.7), Honduras (4.5), Costa Rica and Guatemala (4.3), Chile (4.2), El Salvador (3.7), Ecuador (3.0), Haiti and Nicaragua (3.0), with Mexico trailing a 2.5 percent.
From: United States, Houston
Don't you believe it!!!!!
From: United States Virgin Islands, St Thomas Mahogany Run
wait till dread checks in on this ...they are Defibrillating him now ,,,,when he comes to he will tell you what its all about
From: Puerto Rico
Good news
Written by: Belial, 27 Aug 2008 10:43 PM
From: United States, Texas
UN regional economic commissions, like Cepal, use a methodology based on the discredited theories of economic growth {GDP} elaborated by Simon Kuznets, the famous bourgeois economist.
Kuznets says GDP is value added determined by market value and, in a case where the value added isn't determined by the market value, then it is determined by cost of production.
Say, an eye operation in Peru is billed for $15,000, but in Venezuela it done for free at a cost of $1000 in both Peru and Venezuela.
CEPAL recogmises $14,000 in value added or economic growth in Peru and similar capitalist capitalist countries in the region, but only recognizes $1000 in value added or economic growth in Venezuela, because a government subsidy, not the capitalist market, determined the price [zero] that the consumer paid for the service.
Bourgeois economics tells lies and enlarges bourgeois economic performance and it also tell lies but belittles proletarian performance.
Written by: buenoha, 28 Aug 2008 6:31 AM
From: Dominican Republic, Santo Domingo
The economy can grow 700% but if labourers are not capable of negotiating good working conditions with the employers, only the rich few will benefit from the economic growth. Inequalities will remain as long as the workers don't stand up and negotiate for better working conditions (wages, etc). The doctors are showing the way a sector can fight for its interest, but other sectors should do the same. The labour unions are the only ones who will fight for the rights of the labourers, not the government. Dominicans have waited for their government to improve their conditions for a long time now, but the only way of getting what they want is from negotiating collectively with employers. The government can only act as middle man in between to help them reach a consensus.
From: United States Virgin Islands, St Thomas Mahogany Run
buenoha....you make a good point about the local environment....the oligarchs have to be reformed or they will be taken down and then everybody will lose...these fat swine have had it their way for to long and contribute to the mentality of steal something today and fast.....Latin America is rife with this mentality of inherited privilege......this aping of their European ancestors bad habits is going to continue to prevent progress for a better society....It will also get us all in trouble..... Venezuela and Cuba does not offer an example of how people choose to live.....reform or its Totalitarian rule in the future...More opportunities must be provided and education has to be reformed...WAKE UP
From: United States
GC, i want to make your day, so i will weigh in on this " growth " nonsense. the indicator which is always used is growth in GDP. GDP only expresses the amount of money spent within the economy within a prescribed period of time. it does not express what it is spent on, or how it is spent. which means that the GDP can expand by any number of percentage points you prefer, but the conditions do not change. let us take the new bridge which Leonel inaugurated on april 17. it cost 100 million pesos to erect. but, a scant 5 months later, it is falling down. yet, that 100 million is not subtracted from the GDP, and the expenditure took place during the accounting period. a further expenditure of , say, 30 million, to shore it up, further adds to the GDP, but, is the economy really better off because of this boondoggle?
From: United States Virgin Islands, St Thomas Mahogany Run
Keep it up about this bridge and I am going to accuse you of living under it....good morning
From: United States
who says that i do not? i am just getting scared it falls on me. good morning to you, too. how was your breakfast? where can i get some of that genuine maple syrup which you lavish upon yourself?
From: United States Virgin Islands, St Thomas Mahogany Run
Internet trolls are not allowed luxury items only necessities ......bread and water.....no brewskis
Written by: juanb, 28 Aug 2008 11:07 AM
From: Dominican Republic
Be fair, share. Dread is one of our valued contributors. You don' t want to be thought of as a "come solo" kind of guy, do you?
On the other hand if you refused to share with Belial that would be viewed as intelligent management of resources.
From: United States Virgin Islands, St Thomas Mahogany Run
Correcto juan
Written by: Belial, 28 Aug 2008 8:48 PM
From: United States, Texas
"Be fair," juanb mispoke.
He meant "Beware."
From: Malta, Malta Goya, La marca del momento esta pa ti
Dominican Republic June inflation soars to 12%, tops Latin America’s 8.9%
From: United States Virgin Islands, St Thomas Mahogany Run
Venezuela 32% under nutty hugo your idol Chill
From: United States
thanks for your kind remarks, juanb. sadly, GC remains a comesolo, who refuses to divulge the sources of his delicacies.
From: United States Virgin Islands, St Thomas Mahogany Run
will have hot sauce and mango chutney from Kingston in 10 days dread....will advise
From: United States
if beggars can be choosers, specify Walkerswood Scotch Bonnet Sauce. and try to importune your beneficiary to bring you a bottle of Sangster's Rum Cream. puts Bailey's to shame. i will message you on this.
From: United States Virgin Islands, St Thomas Mahogany Run
walkerswood I made a note...send me via msg the rest .....I know you use those rum creams just to get their clothes off you swine
From: United States
moi? clothes off? why , Goulet, whatever do you mean?
From: United States
Can anyone help me with this math?
RD GNP Growth 5.5%
Less: RD Annual Inflation (12.0)%
Equals Real Growth -6.5%
What does all this mean is exordinary inflation as merchants reap benefits from DR-CAFTA but price gouge and refuse to pass on savings to the Dominican society. The average Dominican family gets screwed and is worse off this year than before!
While politicans, military, police & DNCD practice back-scratching, move drugs and profit at the rest of societies expense.
From: United States
JDDominguez, thank you for making that point. too often, we see the GDP figures before they are adjusted for inflation, and we start the celebrations. yes, folks, Real Growth takes into effect the inflation factor
From: United States Virgin Islands, St Thomas Mahogany Run
From: United States
i love it. now just substitute GC for "he "
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Kuznets says GDP is value added determined by market value and, in a case where the value added isn't determined by the market value, then it is determined by cost of production.
Say, an eye operation in Peru is billed for $15,000, but in Venezuela it done for free at a cost of $1000 in both Peru and Venezuela.
CEPAL recogmises $14,000 in value added or economic growth in Peru and similar capitalist capitalist countries in the region, but only recognizes $1000 in value added or economic growth in Venezuela, because a government subsidy, not the capitalist market, determined the price [zero] that the consumer paid for the service.
Bourgeois economics tells lies and enlarges bourgeois economic performance and it also tell lies but belittles proletarian performance.
On the other hand if you refused to share with Belial that would be viewed as intelligent management of resources.
"Be fair," juanb mispoke.
He meant "Beware."
RD GNP Growth 5.5%
Less: RD Annual Inflation (12.0)%
Equals Real Growth -6.5%
What does all this mean is exordinary inflation as merchants reap benefits from DR-CAFTA but price gouge and refuse to pass on savings to the Dominican society. The average Dominican family gets screwed and is worse off this year than before!
While politicans, military, police & DNCD practice back-scratching, move drugs and profit at the rest of societies expense.