Development is not about economic growth but rather about creating freedom, helping people flourish, and simply making them happy. This is not a new concept. The West Indies Under-19 cricket team triumphed in the World Cup earlier in the year and the senior West Indies cricket teams had outstanding victories obtaining both male and female world championships. These wins were … [Read more...] about Making People Happy
Sir William Arthur Lewis’ 100th Anniversary
Photo by SKopp - Own work, Government of Saint Lucia, Public Domain 2015 marks the 100th anniversary of Sir William Arthur Lewis’ birth. Who was Arthur Lewis? He was a Saint Lucian born economist who in 1979 won the only Nobel Prize in Economics by a native Caribbean for his contributions in the field of economic development. In his most influential publication entitled … [Read more...] about Sir William Arthur Lewis’ 100th Anniversary
Remittances as a Safety Net in Jamaica
This policy brief answers three main questions for the Jamaican economy: (a) Do remittances act as a safety net during negative health shocks? (b) Are remittances subject to moral hazard by receivers? (c) How does formal health insurance interact with remittances as a safety net during adverse health episodes? Evidence suggests that remittances offer full protection against … [Read more...] about Remittances as a Safety Net in Jamaica