section_path: Economy
section_name: Economy
paragraph_text: Economy
  
  The city is the center of economic activity in the Dominican Republic. It is where most of the country's wealth is concentrated and the seat of the national legislature, judicial, and executive government. Many national and international firms have their headquarters or regional offices in Santo Domingo. The city attracts many international firms and franchises such as Ikea, Goldcorp and Barrick due to its location and economic stability.
  
  The infrastructure is suitable for most business operations. A key element that has helped the city grow and compete globally is the telecommunications infrastructure. Santo Domingo and the Dominican Republic as a whole enjoy a modern and extensive telecommunications system liberalized in the late 1990s which has benefited from extensive foreign investment. This has attracted numerous call centers in recent years. Santo Domingo not only has an excellent telecommunications infrastructure but also a sizeable bilingual population that speaks English.
  
  The city's economic growth can be witnessed in the extensive vertical growth experienced across many of its neighborhoods. The construction boom is reflected in the many high density residential towers, shopping malls, elevated highways, the metro expansion and overall increase in commercial activity.
  
  Santo Domingo has a thriving middle class contrasting with the significant pockets of poverty that remain as challenges for the future. Marginalized slum conditions exist mostly in the northeast quadrant of the city with smaller pockets extending across the city. Areas of extensive development include the Poligono Central, which is bordered by the Avenida John F. Kennedy northward 27 February Avenue south, Avenida Winston Churchill to the west and Avenida Máximo Gómez to the east, and is characterized by its mixed development and its very active nightlife.
  
  Santo Domingo has areas of high development, among them Serralles, Naco, Arroyo Hondo, Piantini, Urb Fernandez, Ens. Julieta, Paraiso, Los Prados, Bella Vista, Sarasota and other sectors, where most of the middle class can be found.
  
  Bella Vista and La Esperilla are currently the fastest growing sectors with large mega -projects. Gazcue belongs to the more traditional southeastern area of the city and is known for its buildings dating from the 1930s to the 1960s.