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Dominican
Republic
Searching
for car hire is never much fun. That is why at CarHire4Lower.com
we want to make you search for car hire for Dominican Republic
as easier as possible. There are a number of car rental suppliers
around the Dominican Republic area and we search the best
ones for convenience, price and quality.
We search companies including Advantage, Alamo, Enterprise,
Dollar, Sixt, Eurocar, Budget, Thrifty, National and many
more looking for the best deal for you for when you arrive
in Dominican Republic. Choose Car Rental options on size and
manufacturer and pay in your own currency.
So whether you’re visiting Dominican Republic for business
or pleasure, make it a good start by hiring a car with us.
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Explored
and claimed by Christopher COLUMBUS on his first voyage in 1492,
the island of Hispaniola became a springboard for Spanish conquest
of the Caribbean and the American mainland. In 1697, Spain recognized
French dominion over the western third of the island, which
in 1804 became Haiti. The remainder of the island, by then known
as Santo Domingo, sought to gain its own independence in 1821,
but was conquered and ruled by the Haitians for 22 years; it
finally attained independence as the Dominican Republic in 1844.
In 1861, the Dominicans voluntarily returned to the Spanish
Empire, but two years later they launched a war that restored
independence in 1865. A legacy of unsettled, mostly non-representative
rule followed, capped by the dictatorship of Rafael Leonidas
TRUJILLO from 1930-61. Juan BOSCH was elected president in 1962,
but was deposed in a military coup in 1963. In 1965, the United
States led an intervention in the midst of a civil war sparked
by an uprising to restore BOSCH. In 1966, Joaquin BALAGUER defeated
BOSCH in an election to become president. BALAGUER maintained
a tight grip on power for most of the next 30 years when international
reaction to flawed elections forced him to curtail his term
in 1996. Since then, regular competitive elections have been
held in which opposition candidates have won the presidency.
Former President (1996-2000) Leonel FERNANDEZ Reyna won election
to a second term in 2004 following a constitutional amendment
allowing presidents to serve more than one term.
The Dominican Republic has enjoyed strong GDP growth since 2005,
and continued to post sound gains through mid-2008. The global
recession, however, had a significant impact on GDP growth in
the latter half of the year as tourism and remittances, two
of the Dominican Republic's most important economic contributors,
showed signs of slowing. The economy is highly dependent upon
the US, the source of nearly three-fourths of exports, and remittances
represent about a tenth of GDP, equivalent to almost half of
exports and three-quarters of tourism receipts. The country
has long been viewed primarily as an exporter of sugar, coffee,
and tobacco, but in recent years the service sector has overtaken
agriculture as the economy's largest employer due to growth
in tourism and free trade zones. Although 2007 saw inflation
rates averaging around 6%, inflation rates in 2008 grew to over
11% on average for the first 3 quarters. High food prices, driven
by the effects of consecutive tropical storms on agricultural
products, and education prices were significant contributors
to the jump. The effects of the global financial crisis and
the US recession are projected to negatively affect GDP growth
in 2009, with a rebound expected in 2010. Although the economy
is growing at a respectable rate, high unemployment and underemployment
remains an important challenge. The country suffers from marked
income inequality; the poorest half of the population receives
less than one-fifth of GNP, while the richest 10% enjoys nearly
40% of national income. The Central America-Dominican Republic
Free Trade Agreement (CAFTA-DR) came into force in March 2007,
which should boost investment and exports and reduce losses
to the Asian garment industry. |
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