When natural disasters strike, there are obvious immediate impacts. But long after the attention of the world shifts elsewhere, the effects of disasters like hurricanes, continue to negatively impact the growth and sustainability of Caribbean countries.One of the sectors that suffers the most is Tourism, which in many cases relies on physical attractiveness and the availability … [Read more...] about Protecting Tourism in the Caribbean through Smarter Crisis Management and Response Systems
Caribbean
What role do employers play in developing skills for the future of work?
New technologies are rapidly changing the skills and abilities that are required in the workplace. By 2020, it is estimated that a quarter of the global workforce will have to look for a new job or radically expand their profiles to include digital and foundational skills. In the Caribbean, this challenge is pressing because some of the key sectors in economies like Jamaica and … [Read more...] about What role do employers play in developing skills for the future of work?
What’s in a number? Opening the black box of GDP measurement
A country’s Gross Domestic Product (GDP) is defined as the monetary value of all final goods and services produced by a nation’s economy. Even though it has many shortcomings[1], GDP – also expressed in per capita terms or growth rates– is still used as one of the main measures to gauge development and discuss economic performance (see, e.g., Dynan and Sheiner, 2018). But … [Read more...] about What’s in a number? Opening the black box of GDP measurement
What is the Contingent Credit Facility?
Hurricane Dorian’s impact on The Bahamas is a reminder that natural disasters can cause devastating loss of life and property, and impacted countries could have urgent financing needs for emergency response following a catastrophic event. The Inter-American Development Bank’s Contingent Credit Facility for Natural Disaster Emergencies (CCF) is designed to provide a financial … [Read more...] about What is the Contingent Credit Facility?
Travel Bugs
No one enjoys getting sick, especially when you’re far from home. Travel-related illness can turn a vacation or a work trip into a nightmare especially if you are alone. Contagious germs and “travel bugs” are everywhere when you travel and even though we may wipe our airplane tray tables with a disinfecting wipe, sanitize our hands before every meal or stick to well-cooked … [Read more...] about Travel Bugs