Barbados’ economy is faced with numerous macroeconomic challenges. During the period 2009 to 2013, the economy cumulatively contracted by 0.5 percent. This economic reduction is estimated by the IMF to continue for this year due partly to declining competitiveness especially in the tourism sector. This makes Barbados the only CARICOM country with negative growth for 2014. The … [Read more...] about Macroeconomic Challenges for Barbados
Economy & Investment
Doing Business in the Third Coolest Nation in the World
Jamaica – Cool People, Chilly Business Climate The CNN recently published a list of the 10 coolest nationalities, ranking Jamaicans in the third spot (behind Brazilians and Singaporeans but before Mongolians). Regrettably, Jamaica does not always rank so high, especially not when it concerns the economy or doing business. It is well known that Jamaica does poorly in the World … [Read more...] about Doing Business in the Third Coolest Nation in the World
How to get ahead in today’s world
Trinidad and Tobago rank 92 out of 148 countries in the World Economic Forum’s 2013-1014 Global Competitiveness Report. Most countries are stagnating in their competitiveness performance. There is a need to investigate the ways in which we can break this stagnation. How to get ahead? The IDB’s Country Representative Michele Cross Fenty, says the answer is effective use of … [Read more...] about How to get ahead in today’s world
Regional Report: Tourism Finally Looking South
by CCB Caribbean Economics Team CCB’s Caribbean Economics Team is pleased to send the seventh Issue of the Caribbean Region Quarterly Bulletin. It analyzes recent economic developments of The Bahamas, Barbados, Guyana, Jamaica, Suriname, and Trinidad and Tobago. The Special Country Reports consider trends in tourism, and policy options for the sector. For Guyana, the … [Read more...] about Regional Report: Tourism Finally Looking South
Known Unknowns or Unknown Unknowns?
The State of Statistics in the Caribbean http://www.youtube.com/watch?v=e4afwHDCR70 In an increasingly globalized and information-thirsty world, getting the Caribbean name known will depend on good data. We all know of the great Caribbean stars: Usain Bolt is ‘the fastest man in the world’, and Bob Marley is ‘one of the greatest lyricists ever’. These opinions … [Read more...] about Known Unknowns or Unknown Unknowns?