The Country Department Caribbean invites you to view the Roundtable on Sir William Arthur Lewis’ 100 year anniversary that took place in Santa Cruz, Bolivia on October 14th. The Roundtable was hosted by The International Economic Association (IEA) and the Research Institute for Development, Growth and Economics (RIDGE), with the support of the Inter-American Development Bank … [Read more...] about Who the heck was Sir William Arthur Lewis and why is he important today?
Ricardo Sierra
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
A coffee discussion on Caribbean’s competitiveness…
This is the third in a series of five blogs on economic stagnation in the Caribbean. The first two can be found at: “Smallness hurts, but does it constrain growth?” and “Is there something wrong with the Caribbean?” Stay tuned for more! Sarosh: Good morning Ricardo! Hope you got some sleep. Shall we go and have coffee and talk about Caribbean’s competitiveness? I … [Read more...] about A coffee discussion on Caribbean’s competitiveness…
Is there something wrong with the Caribbean?
This blog is the second in our series of five blogs on economic stagnation in the Caribbean. Our first blog “Smallness hurts, but does it constrain growth?” showed that, while smallness creates several economic problems, it does not constrain growth. With that as a starting point, in this post we illustrate two important ways in which the Caribbean stands … [Read more...] about Is there something wrong with the Caribbean?
Smallness hurts, but does it constrain growth?
Recent research presented in Is There a Caribbean Sclerosis? Stagnating Economic Growth in the Caribbean and Does Size Matter? Yes, If You are Caribbean! shows that small economies—defined as countries with populations of less than 3 million—face several unique size-driven macroeconomic challenges and discusses whether or not smallness actually represents a binding constraint … [Read more...] about Smallness hurts, but does it constrain growth?