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SANTO DOMINGO.- The industrial sector, including free zones have lost 100,000 jobs in the last 10 years on restrictions affecting competitiveness, said Industries Association (AIRD) president Ligia Bonetti Thursday.
The business leader said however that the government should be smaller and its role isn’t to create jobs, a task which should be left to the private sector instead.
Bonetti, who spoke during the presentation of AIR’s January-March 2012 Industrial Situation Survey which found an increase of 1.4 percent improvement in confidence for the second quarter, said in previous opinion polls the expectations were negative.
The business leader said for the AIRD, the promotion of formal jobs is one of its key goals since it implies not only stability and industrial development, but also the potential to provide a permanent and sustainable social development.
Bonetti said when the industrial sector creates formal jobs it provides currency, pays taxes and leads to individual and family wellbeing.
Another positive aspect the survey found increased investment in production capacity, especially in machinery, plants and equipment, and in technology and transport equipment, especially the medium and large companies.
The AIRD survey also found that for the next quarter 59.7% of companies plan to make productive investments.
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100,000?
More like 250,000
Now that China is finally adjusting its currency upwards, the Yuan, smaller nations will be able to capture some of the lost jobs that went China's way in the past. Hopefully DR makes up these losses and then some.
You had a nice dream last night didnt you?
I had a nice dream too!
It was about a new govt. bent on changing our political strategy and the way we do business!
It was about booting inept corrupt officials and eliminating red tape to make investing in DR a much easier and comprehensible task.
It was about creating opportunities for the poor by investing in programs to train many in new skills and a better chance at prosperity.
It was about eliminating senseless projects and concentrating on what works and is functionally logical.
Let us get over the electricity dearth and invest further on renewable sources of energy. Relliance on oil impede progress and keep us poor, for sure.
Eliminate the negative and wasteful.....accentuate the possitive. It's all obvious and doable.
Written by: Atabey, 6 Jul 2012 4:11 PM
From: United States, NYC
Now that China is finally adjusting its currency upwards, the Yuan, smaller nations will be able to capture some of the lost jobs that went China's way in the past. Hopefully DR makes up these losses and then some.
Atabey, industry does not just seek out the absolutely cheapest labor rates. it looks for a little thing called TOTAL FACTOR PRODUCTIVITY. why go to a country where you pay 3 dollars per hour, and labor produces only 1 widget per minute, when you can pay six dollars per hour, and get 10 widgets per minute?