Dominican Republic Business Culture
Country Background
In 1492, while on a journey to the “New World,” Christopher Columbus discovered an island that he would call Hispaniola. The island The Dominican Republic represents two-thirds of the Hispaniola Island in the Caribbean Sea. The country represents the eastern side of the island while Haiti occupies the western portion of the island. Santo Domingo, the capital of the Dominican Republic is the oldest continuously inhabited city in the Western hemisphere. The nation independence did not come until 1844, but they have endured much political instability and repressive governments.
The Dominican Republic was
Business Climate
The Dominican Republic is a very large tourist destination. It is one of the most visited destinations in the Caribbean. They offer year-round golf courses, gorgeous mountain views from Pico Duarte, great. They are known for their music, the Merengue and the Bachata and their love for Baseball.
Business Culture
The Dominican Republic is known for having a fairly formal business culture. Appointments are typically required and punctuality is a must. …show more content…
In more recent years however, their servicing industry has been taking over the island as the larger employer, attributed to the growth in construction, tourism and free trade zones. Mining has also begun to take on a larger role in the economy of the Dominican Republic, with the dawning of the extrication stage of the Pueblo Viejo Gold and Silver mine. This country suffers from hierarchal income inequality, marking large differences not only between genders but between classes. There are currently large unemployment and underemployment rates in the D.R. Their economy is highly dependent upon the United States, which is the primary destination for more than half of their exports. They are currently rebounding from the global recession with an improving fiscal
In 1492, while on a journey to the “New World,” Christopher Columbus discovered an island that he would call Hispaniola. The island The Dominican Republic represents two-thirds of the Hispaniola Island in the Caribbean Sea. The country represents the eastern side of the island while Haiti occupies the western portion of the island. Santo Domingo, the capital of the Dominican Republic is the oldest continuously inhabited city in the Western hemisphere. The nation independence did not come until 1844, but they have endured much political instability and repressive governments.
The Dominican Republic was
Business Climate
The Dominican Republic is a very large tourist destination. It is one of the most visited destinations in the Caribbean. They offer year-round golf courses, gorgeous mountain views from Pico Duarte, great. They are known for their music, the Merengue and the Bachata and their love for Baseball.
Business Culture
The Dominican Republic is known for having a fairly formal business culture. Appointments are typically required and punctuality is a must. …show more content…
In more recent years however, their servicing industry has been taking over the island as the larger employer, attributed to the growth in construction, tourism and free trade zones. Mining has also begun to take on a larger role in the economy of the Dominican Republic, with the dawning of the extrication stage of the Pueblo Viejo Gold and Silver mine. This country suffers from hierarchal income inequality, marking large differences not only between genders but between classes. There are currently large unemployment and underemployment rates in the D.R. Their economy is highly dependent upon the United States, which is the primary destination for more than half of their exports. They are currently rebounding from the global recession with an improving fiscal