Dominican Republic Cultural-Economic Market Description
Introduction
Dominican Republic is a country that speaks Spanish as the national language. Dominican Republic is located at the Caribbean region specifically at the Greater Antilles Archipelago and Hispaniola Island. Reflecting on the island, a third of the western part is occupied by Haiti, a model that has made Hispaniola to be part of two nations (Landau, 2010).
Main body
It is estimated that the nation occupies 18,705 mile2 or 48,442 km2 with a population of ten million people as per the 2010 consensus, water takes 0.7% of the land cover. The capital city of Dominican Republic is known as Santo Domingo housing more than one million citizens (Landau, 2010). Age and sex structure in Dominican Republic is unevenly distributed with youths and children taking the highest percentage.
In seventh century, Dominican Republic was initially inhabited by Tainos, in 1492 Christopher Columbus came to the island, a model that made Dominican Republic part of European settlement, which was permanent in the American region. Santo Domingo was the first capital city for Spain in the new world (Landau, 2010). Three centuries were characterized with Spanish rule, French rule and part under the Haitian interludes. Independence of Dominican Republic was realized in 1821 from Spain, 1844 from Haiti, 1924 from United States. The political environment in Dominican Republic has been uneven with ups and downs.
The economy of Dominican Republic is the ninth largest reflecting on Latin America. The economy of Dominican Republic is placed at the second position considering Central American region and the Caribbean region (Landau, 2010). The economy for long has been supported by sugar plantation although service industry is slowly taking over the market. Telecommunication system is diversified; the nation suffers from government corruption, income inequality, immigrants, high levels of unemployment and electric service that is inconsistent.
It has been noted that a tenth of GDP (Gross Domestic Product) of Dominican Republic is supported by the billions of dollars wired by the Diasporas. GDP (PPP) stands at $98.7 billion as per estimates made in 2012; GDP (Nominal) is $59 billion as at estimates made in 2012. Gini as at 2010 stood at 47.2 high, HDI as at 2013 stood at 0.702. The current currency is known as Peso with the time zone being Atlantic (UTC-4) (Landau, 2010).
Dominican Republic has Roman Catholic (68.9%), Evangelical (18.2%), No religion (10.6%) and others comprising of (2.3%). Majority of the social institutions are located in the cities in Dominican Republic. Dominican Republic has been a center of tourism in the region, with significant attractions being the golf courses that are experienced all year round. Dominican Republic is a mountainous nation; Pico Duarte is the largest mountain in the nation while Lake Enriquillo is characterized with the lowest elevation.
The climate of Dominican Republic is characterized with average temperatures of twenty six degrees Celsius, hence supporting diverse ecosystems. Sports and music in Dominican Republic has been considered of great value and part of the Dominican culture, with Bachata and Merengue being the national music and dance with the favorite sport in the country being baseball along golfing (Landau, 2010). Dominican Republic is rich in local music, cuisine, fashion and sports; which shape aesthetic.
Ethnic groups in Dominican Republic are characterized with 73% of mixed race people, 16% of the white people and 11% of the black people. The government of Dominican Republic is characterized with a democratic republic and a unitary representative with the current president being Danilo Medina and vice-president being Margarita Cedeno de Fernandez. The legislature is characterized with the Congress, Senate and Chamber of deputies in the lower house and upper house.
Conclusion
Dominican Republic as per the population and area is considered the second largest after Cuba among the Caribbean nations, with diversity in cultures, demographics and economic aspects (Landau, 2010). The young population is finding it difficult getting employment, a model that contributes to a number of social ills. Dominican Republic is developing fast with modernization.
References
Landau, E. (2010). Dominican Republic. New York: Children’s Press.
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