Poor areas of the Dominican Republic - InvestingChannel

Poor areas of the Dominican Republic

This post is a follow-up to the article by Felix Santana Garcia, The People Lie Helpless. Here are some photos of areas where the poor live in the Dominican Republic. Granted the poverty there is a result of many years of poor economic guidance in terms of marginal social benefits and marginal social costs. Their economy has years of low labor share of income, scarce social safety net programs, high inequality and government corruption.

RD 2Dominican Republic Slum Housing RD 3

If you look close here in the streets near the river, you will see flooding through the houses.

Related posts

Idiocy in Spain: Bank Proposal to Build More Houses, Issue More Mortgages, Despite Massive Inventory and Enormous Drop in Sales

Mish Global Economic Trend Analysis

Sky City: China to Build World’s Tallest Building, 220 Stories, in 90 Days

Mish Global Economic Trend Analysis

It’s No Wonder People Don’t Understand the “Public” Debt

Angry Bear

EU Budget Laugh of the Day “No One Is Discussing Quality”

Mish Global Economic Trend Analysis

Via Barry Ritholtz’s  Big Picture comes this PBS six minute …

Angry Bear

Politics and Specific Policies

Angry Bear