Do you care what schools your children go to? You, I and most parents probably do, which is a bit of a paradox as there is very little evidence, i.e. scientific proof, that parental preferences for secondary schools are related to schools' causal impacts on school exit examinations. These preconceived notions of what are “the best schools” for your child can be explained by … [Read more...] about Can Parents Recognize School Benefits Beyond Short-Run Academic Achievement?
We are often reminded that climate change is not a phenomenon to be taken lightly. However, too often we only come to grips with this important issue when an event has severely wounded an island-neighbor for the fear that our island may be the next to suffer similar consequences. And there is no telling just when that might be. In recent years, Barbados has experienced more … [Read more...] about Resilience Starts At Home: How can Barbadians take the fight to climate change?
An election year is always a very active period for the Inter-American Development Bank. Even when an incumbent administration is returned to office, this period signals that it is time for a new Country Strategy to be prepared, with new areas of intervention, goals and expected results. In Barbados, the general election on May 24th , 2018 was no ordinary change in government … [Read more...] about A friend in need is a friend indeed: IDB support for Barbados moves into high gear
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”
Gross Domestic Product (GDP) is a widespread measure of economic performance that captures the value of all goods and services produced in a country during a specific period of time (e.g. one year). Yet, there are two key challenges when estimating GDP: i) How to capture the whole economy; ii) how to estimate the value added of all goods and services produced. Given that GDP is … [Read more...] about An imperfect measure with major implications