Dominican Republic's Quest for Success

Zusatztext

Why do certain industries in a country succeed while other industries underperform or fail? In this study, we explore four industries in the Dominican Republic: Tourism & Hospitality, Agriculture, Power & Electricity, and Education. Michael Porters (1990) framework of national competitive advantage serves as the theoretical base of the research. Both primary qualitative data from field research in Dominican Republic and secondary quantitative data are examined for the aforementioned industries. The Tourism & Hospitality and Agriculture industries are successful in Dominican Republic because of strongly favorable factor conditions and demand conditions, as well as moderately favorable related & supporting industries and reasonably intense industry rivalry. However, the Power & Electricity and Education industries underperform because of the lack of proper factor conditions, demand conditions, related and supporting industries and monopolized industry structure. The pattern of success versus failure in these industries becomes evident and ultimately begs the question: Will a nation use this information to improve its overall national competitiveness?

Autorenportrait

After being raised in Dominican Republic, Marie Lou moved to New York City to pursue a career in Business Administration & Marketing in the Pforzheimer's Honors College at Pace University. She graduated Magna Cum Laude from the Business Honors Program and recently accepted an international business employment opportunity in Miami, Florida.

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