The debt to GDP ratio in Suriname increased by 35.6 percentage points in 3 years, moving from 29% of its GDP in 2014 to 64.6% in 2016. It’s the largest increase in a debt ratio recorded in Latin America and the Caribbean (LAC) over the period. Trinidad and Tobago, Belize and Brazil were the only other countries that experienced double digit increases over the same … [Read more...] about Suriname’s Debt Surge: What’s Driving It?
This brief presents simulations of an Ebola scare in the Caribbean, including three highly tourism-dependent economies, The Bahamas, Barbados, and Jamaica. On the basis of the experience of Mexico in 2009 with swine flu, we simulate a short but sharp drop in tourist arrivals resulting from tourists' worries about Ebola. The Caribbean is special in that tourism contributes … [Read more...] about The Fear Factor a Back-Of-The-Envelope Calculation on the Economic Risk of an Ebola Scare in The Caribbean
Ironically, while thoroughly entertaining myself elbow-deep in Guyanese pepper-pot, I received a work request over the weekend to address the issue of Caribbean identity. I also became aware of a heated on-going debate on our blog as to how we should define and boundary the concept of “the Caribbean” – past colonial affiliations; imaginary lines in the deep blue sea; economic … [Read more...] about What do you mean by “Caribbean” anyway?
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?
On a recent trip to the Islands of Andros, which we previously called Andros Island, but learnt that is actually an archipelago within The Bahamas and not one single land mass, we visited North Andros and saw many sites including: coastlines, farms packing houses and work that is currently under construction for the Bahamas Agricultural, Marine and Science Institute … [Read more...] about Revisiting AGRICULTURE! Four ways to ensure we don’t lose our whale, Andros!