The fiscal and debt problem in the region has been engendered in part by weak fiscal institutions and frameworks that have perpetuated chronic fiscal procyclicality. Without binding rules geared towards budgetary discipline, can Caribbean countries successfully overcome their fiscal and debt challenges? In a recent working paper, issues surrounding the applicability, design … [Read more...] about Are Governments Wasting Your Tax Money?
Caribbean economies have hardly grown in the last 30 years. The last significant growth was in the 1980s when tourism and banana production expanded, but has since declined due to the loss of competitiveness in the bananas market and the emergence of other tourism destinations. To make matters worse, the Caribbean countries are severely indebted and have very limited options to … [Read more...] about 5 Obstacles to Overcome for a more Productive Caribbean
Known as the “rainforests of the ocean”, coral reefs support an incredible amount of biodiversity and play a critical role in sustaining tropical fisheries. Not only do they provide food and shelter for a myriad of marine and fish species and direct support commercial and recreational fishing activities, coral reefs help to filter water, create sand, and serve as barriers … [Read more...] about How we can save Caribbean Coral Reefs and why we should
Source: World Economic Forum Global Gender Gap Reports from 2006-2016 The graphs above show how a select number of countries in the Caribbean have been doing in the World Economic Forum’s (WEF) annual Global Gender Gap Report from its inception in 2006 to 2016. Before we take a look at the heart of the data, three important things to know about the graphs are as … [Read more...] about The Gender Divide in the Caribbean: Mind the Gap
Although many business owners lament the rampant corruption in the Caribbean, the term corruption can range from bribery (whereby government officials demand illicit payments from individuals or businesses to perform an official task) to unproductive rent-seeking (whereby bureaucrats and parliamentarians favor certain private interests for their legal or illegal lobbying. This … [Read more...] about Are Governments an Advantage for Some Firms, Yet a Disadvantage for Others?