Paul Krugman: Dominican economy good despite global crisis

Paul Krugman: Dominican economy good despite global crisis

Santo Domingo.- The Nobel laureate in economics 2008 affirmed Thursday that the Dominican economy has conditions to seize opportunities amid the globalized crisis, and called the country’s economic performance relatively good.

Among the country´s advantages Paul Krugman listed its geographical location, which shortens the distance and become a great advantage for investors.

He said the short-haul freight is an advantage of high relevance.

Lecturing at the Sans Souci cruise terminal invited by the Santo Domingo Commerce and Production Chamber, the economist said there´s a resurging interest in the US in invest in manufacturing, but noted the problem of a lack of human resources for the sector, particularly in textiles, one of Dominican Republic´s strongest sectors. “This opportunity could be seized by the Dominican textile sector.”

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