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Generosity Or Demagoguery New Dominican Leaders Find Assets Sharply Cut
The new Dominican government under President Joaquin Balaguer inherits assets trimmed after the Trujillo era. Balaguer distributes Trujillo property, cuts taxes, and offers aid such as taxicabs and land to workers. Critics call it demagoguery while supporters see reforms to reduce political misuse of resources. The regime abolishes the coffee cacao monopoly and export tax, creating about 60 exporters, with a sugar operation valued around $100 million and peso purchasing power rising.
MENTIONED IN THIS ARTICLE
Santo Domingo
Dominican Republic
Trujillos
Joaquin Balaguer
Trujillo
Balaguer