A new publication entitled, “Nurturing Institutions for a Resilient Caribbean” was recently launched in Jamaica. Strong interest in the subject and the lively discussion that ensued at the launch event highlights the importance of institutions for Jamaica’s future development. In this context, a chapter of the publication focused on Jamaica offers insights regarding four key … [Read more...] about Not Standing Still: Takeaways for Jamaica from the book “Nurturing Institutions for a Resilient Caribbean”
Many people in the Caribbean feel that times have become more difficult. The data actually corroborates the perception. An important problem is the weak growth performance since the world financial crisis. While other countries and regions have been recovering, most countries in CCB are today poorer than they were in 2007 as shown in Figure 1, which presents GDP per capita in … [Read more...] about Development Challenges: Is the Caribbean losing out?
The IDB’s Caribbean Country Department recently published a book entitled, “Nurturing Institutions for a Resilient Caribbean.” While exploring the general importance of institutions for growth and equitable development, the book also includes country-specific chapters that provide a detailed overview for six Caribbean countries and indicate areas that would benefit from reforms … [Read more...] about Three key lessons on institutions in Barbados from IDB’s “Nurturing Institutions for a Resilient Caribbean”
The United Kingdom’s decision to leave the European Union immediately led to anxiety in the Caribbean. Initially, critics pointed out that the Brexit vote might lead to a slowdown of the world economy, fallout of remittances and tourism, and the loss of a trade agreement between the United Kingdom and the Caribbean, potentially bringing renewed challenges to the already-weak … [Read more...] about Brexit Effects after All? : The Case of Jamaica
Storm clouds linger... A story in USAToday regarding 2016 described the year as “…many things: controversial, infuriating, triumphant. One thing that it wasn't? Boring.” This also holds true for Caribbean countries that are members of the IDB. The bottom line: storm clouds linger but at the same time there are also opportunities to make progress. While overall economic … [Read more...] about What are the prospects for growth in the Caribbean in 2017?