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?
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Four Climate-Smart Business Opportunities in Jamaica and the Caribbean
If we contemplate climate change long enough, it seems like we all lose. However, if you really want to talk about the equivalent of an unfair penalty or missed offside call, look around Jamaica. Ten hurricanes ravaged the country in the last five years, each causing damages of approximately US$100 million. The rainy season is longer, droughts follow that exacerbate … [Read more...] about Four Climate-Smart Business Opportunities in Jamaica and the Caribbean
Compete Caribbean
by Compete Caribbean The Caribbean is a region known for its magnificent beauty, rich diversity, unique culture, and abundant natural resources. Despite these qualities, the region faces declining long-term growth and major challenges, including high debt levels and stagnant productivity. To help address these challenges, major donor agencies in the region came together to … [Read more...] about Compete Caribbean
Energy Solutions Anyone???
by IDB The high cost of energy for most Caribbean countries is having a negative effect on their economies. Do you have an innovative sustainable energy solution? Mexico, South Korea, and the Inter-American Development Bank want to foster innovation in sustainable energy technology and are offering funding to a select few. … [Read more...] about Energy Solutions Anyone???
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?