Category Archives: Articles Leonel Fernandez
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“Ambiguity of the Dominican Economy”, an article by Dr. Leonel Fernández
During the process of reactivating the Dominican economy, specifically after the impact of the Covid-19 pandemic, four sectors were characterized by their dynamism: remittances, tourism, the free-zone sector, and construction. The rebound experienced by these sectors was fundamentally due to the behavior of the U.S. economy. This shows that external factors have contributed, in an […]
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“Preparing for an Economic Hurricane”, an article by Dr. Leonel Fernández
At first it was forecast that the rains that were impacting the Gulf of Mexico could turn into Tropical Storm Alex, the first named that appears in the list of names corresponding to the new hurricane season that recently began in the Caribbean region. But it didn´t turn out like that. The storm lost strength, […]
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“The Economy Finds Itself Between a Statistical Rebound and Real Growth”, an article by Dr. Leonel Fernández
During the annual spring meetings of the International Monetary Fund and the World Bank, held in Washington, D.C., the Governor of the Central Bank of the Dominican Republic, Héctor Valdez Albizu, delivered keynote remarks regarding the current standing of the Dominican economy. On the subject at hand, he argued that the economy “had recovered faster […]
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“Zero Interest Rate: An Ill-Advised Project”, an article by Dr. Leonel Fernández
After reading the bill sent by the Executive Office to the Chamber of Deputies, which would temporarily eliminate the payment of customs fees for 67 products that are considered basic in a family’s food budget, I thought for a moment that the proposal was a mistake or confused reading. The confusion stemmed from the fact […]
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“The Crisis in Ukraine: An Uncertain End”, an article by Dr. Leonel Fernández
Almost a month after Russia’s military invasion of Ukraine, no one knows when or how this conflict will end. Various efforts have been made – both before and after the outbreak of the war – to reach a peaceful and diplomatic solution. But, so far, none have been successful. On three occasions US President Joe […]
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“Putin’s War”, an article by Dr. Leonel Fernández
Why has President Vladimir Putin of Russia ordered a military intervention on the territory of Ukraine? What are his strategic goals? What does this decision mean for Russia´s relationship with the Western world: that is with the United States and the European Union? Despite the fact that this recent military occupation of Ukraine is only […]
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“Economic Growth, Statistical Carryforward and Manipulation”, an article by Dr. Leonel Fernández
In its report on the preliminary results of the Dominican economy during 2021, the Central Bank indicated that the country´s real Gross Domestic Product (GDP) reached a remarkable interannual growth of 12.3% during January-December of the previous year. Indeed, when comparing the economic growth of 2021 with that of the growth reached in 2020, which […]
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“Latin America: A Return to the Progressive Movement”, an article by Dr. Leonel Fernández
The recent electoral triumphs of Luis Arce in Bolivia, Pedro Castillo in Peru, Gabriel Boric in Chile and Xiomara Castro in Honduras, raise the question of whether Latin America is returning to the democratic or progressive left. This idea becomes more relevant if one takes into consideration that prior to these electoral victories, the restructuring […]
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“Ómicron, Russia and China: Year-End Trilogy”, an article by Dr. Leonel Fernández
As we find ourselves in the final days of 2021, considered by many as the year of recovery, three new elements have emerged that have created greater uncertainty in an unpredictable world that is in constant transformation. One of these is Ómicron, the new variant of the Covid-19 virus, as well as the recent tensions […]
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“An Alarming Inflation Period”, an article by Dr. Leonel Fernández
In the midst of the pandemic, in 2020, one of the principal concerns faced by economists was the growth of inflation. The prices of raw materials, or commodities, had dropped drastically. However, something unheard of occurred with the price of oil. The price of a barrel of oil had dropped below US$34, which literally meant […]
