The COVID-19 pandemic has highlighted some important issues for Suriname’s private sector, such as the lack of digitalization, financial inclusion, and infrastructure. Suriname’s private sector was already challenged by an unfavorable business climate before COVID-19. There was hope that 2020 would bring some positive changes. Indeed, 2020 brought change, but not the change … [Read more...] about Suriname’s private sector is hurting. More digitalization, financial inclusion and infrastructure can help.
De COVID-19 pandemie heeft enkele belangrijke aandachtspunten voor de private sector van Suriname naar voren gebracht, aandachtspunten zoals onvoldoende digitalisering, financiële inclusie en infrastructuur. De private sector van Suriname had al te kampen met een ongunstig ondernemingsklimaat voordat COVID-19 het land trof en er was hoop dat het jaar 2020 enkele positieve … [Read more...] about De private sector van Suriname lijdt. Meer digitalisering, financiële inclusie en infrastructuur kunnen hierbij helpen.
COVID-19 has brought the urgent need for regional integration to the forefront of the political discourse. This is particularly important in the Caribbean region, where countries depend on trade. However, between 2000 and 2015, the share of intraregional trade in the Caribbean fell from 13 percent to 10 percent of total trade. Costs, particularly those linked to non-trade … [Read more...] about Could Distributed Ledger Technology improve Caribbean trade?
Institutions and the historical conditions that influenced their formation are now widely considered important to understanding differences in economic development across countries. There are alternative views on the channels through which the colonial experience influenced present-day development outcomes. Some economists have argued in favor of a “colonizer effect,” whereby … [Read more...] about Colonization and Institutions in the Caribbean
Innovation levels in the Caribbean region are relatively low. On average, roughly 19 percent of Caribbean firms reported having engaged in some form of innovation in the past three years. The range varies from the lowest, at 4.8 percent of firms in Dominica, to the highest at 53 percent of firms in Guyana. A higher proportion of firms reported their intention to engage in … [Read more...] about How much do workforce skills matter for innovation in the Caribbean?