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Progressing Towards Sustainable Human Development Through Real Estate

Progressing Towards Sustainable Human Development Through Real Estate

By: Sanja Bojanic

Deputy Resident Representative, UNDP Dominican Republic

The UNWTO has declared September 27 “World Tourism Day” since 1980. This year’s theme, “Tourism and Peace”, emphasizes tourism’s potential to cultivate peace and resolve differences among people.

True peace encompasses more than simply the absence of violence and conflict. It reflects justice, equity, and societal well-being. Achieving such peace requires joined-up and equitable development. Simply promoting economic development isn’t enough.

In Punta Cana, a celebrated tourist destination in the Yuma region of Dominican Republic, the Human Development Index (HDI) is the lowest in the country, at 0.566 despite economic prosperity driven by tourism (according to UNDP Territorial Platform for Human Development data). This highlights the need for measures to support shared prosperity and the need for these within the sector’s growth.

What does low human development signify?

A low HDI means people face issues that affect their well-being, like low life expectancy due to inadequate health services, limited access to education and proper jobs, and persistent poverty due to low income.

Economic growth doesn’t necessarily result in well-being for everyone. For that, tourism expansion must be coupled with deliberative government actions fostering sustainable human development, improving social, educational, and health conditions for all.

For tourism to promote peace, it should create local opportunities, reduce inequalities, and ensure fair distribution of benefits. Sustainable tourism can be promoted through local empowerment, as seen in UNDP’s approach (read more).

Tourism can contribute to local development, deter forced migration, and help reduce poverty-related violence. Engagement of citizens in decision-making processes is crucial. Small local businesses should be included in the tourism value chain, offering direct economic impact on communities.

Improving access to basic services like healthcare and quality education is crucial. World Tourism Day is a reminder that its development should promote not just economic growth but peace too, paving the path for sustainable development and “leaving no one behind”.

Author: Deputy Resident Representative for UNDP Dominican Republic. holds an MBA from the School of Economics and International Finance, Brandeis University, Boston, USA, a Master’s degree in Business Economics, and a Bachelor’s degree in Economics from the Faculty of Economics, University of Montenegro. Fluent in English and Macedonian, and native in Montenegrin (Serbian, Bosnian, Croatian).

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Meet Mia, a talented and experienced real estate journalist based in Punta Cana. With a passion for writing, Mia has been contributing articles to PuntaCanaToday®, a leading publication in the real estate industry known for their in-depth research and analysis, Mia covers a range of topics related to the Punta Cana real estate market, from the latest trends and developments to expert insights and advice for buyers and sellers. With a keen eye for detail and a dedication to their craft, Mia is committed to providing readers with accurate, informative, and engaging content. Mia Rodriguez: Editor-in-Chief of PuntaCanaToday® Mia Rodriguez is a dynamic and visionary leader in the realm of journalism, best known as the Editor-in-Chief of PuntaCanaToday®, a prominent newspaper dedicated to providing unparalleled insights into the vibrant landscape of Punta Cana. With an unquenchable passion for fostering informed discussions and driving positive change, Mia has emerged as a pivotal figure in shaping the narrative of Investments, Construction, Real Estate, and Tourism within the region. Born and raised in Punta Cana, Mia's deep-rooted connection to the local culture, coupled with her exceptional journalistic acumen, has propelled her to the forefront of the media industry. With her ample knowledge in Journalism and Communication, Mia embarked on her career with an unwavering commitment to bring forth compelling stories that resonate with both residents and international audiences. Under Mia's editorial stewardship, PuntaCanaToday® has flourished into a beacon of reliable information, serving as an indispensable resource for investors, entrepreneurs, and tourists seeking to explore the vast potential of Punta Cana. Her keen editorial eye and dedication to accuracy have ensured that the newspaper maintains the highest standards of integrity and credibility. Mia's multifaceted approach to journalism is reflected in the comprehensive coverage PuntaCanaToday® provides. From in-depth analyses of investment trends and construction developments to insightful features on the ever-evolving real estate market and the burgeoning tourism sector, the newspaper has evolved into a trusted companion for anyone looking to stay well-informed about Punta Cana's trajectory. Beyond her role as an editor, Mia Rodriguez remains deeply engaged within the local community, participating in various initiatives aimed at promoting sustainable growth and preserving the cultural heritage of Punta Cana. Her commitment to ethical reporting and her dedication to fostering a sense of unity within the region have garnered her widespread respect and admiration. In a realm where information is a precious commodity, Mia's leadership has solidified PuntaCanaToday® as an indispensable bridge between the past, present, and future of Punta Cana. Through her visionary leadership, Mia continues to shape the narrative of the region, inspiring others to explore its limitless possibilities and contribute to its ongoing success.
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