Join us live to listen to the discussion on development issues in the Caribbean by addressing debt, and rethinking growth. In the roundtable, Prof. Mark Figueroa (University of the West Indies) and Luis Bertola (Universidad de la República) will discuss Sir Arthur Lewis’ historical perspectives and legacy. Professors Damien King and Andre Haughton from the University of the … [Read more...] about Sir William Arthur Lewis’ 100 year anniversary – Livestream
In identifying binding constraints to growth of member-countries, the IDB and many other multilateral banks have adopted the Hausmann-Rodrick-Velasco methodology. In principle the methodology is relatively straightforward: by looking at all the possible constraints to private investment--the main driver of growth of a country--in comparison to … [Read more...] about Let’s Change the Policy Dialogue in the Caribbean to One about Productivity Drivers that can be Measured
Erythropoietin (EPO) is a hormone produced by the kidney that promotes and stimulates the formation of red blood cells by the bone marrow. The resulting rise in red cells increases the oxygen-carrying capacity of the blood. We as people need oxygen. We as athletes (yes, I still considered myself an athlete, though I manage to run only 20 miles per week) need a lot of … [Read more...] about EPO for development…Does it work? Is it legal?
Figure 1: Misery Index for Caribbean Countries Average 2010-2012 Sources: Own calculations from WDI. Of the many associations one would make with the Caribbean, misery is probably not the most typical one. However, if we are to trust the Misery Index, all is not well in paradise. The Misery Index is simply the sum of unemployment and inflation, the idea being that it’s not … [Read more...] about Stop Being Miserable
Innovation, the process of making something better, can be a powerful driver of growth. Indeed, for small economies with a high level of human capital like the Caribbean, innovation has the potential to become the cornerstone of development policy. Thus, “innovating innovation” in the Caribbean to create a ‘start-up’ culture, while admittedly ambitious, is a worthwhile … [Read more...] about Innovating Innovation: ‘Starting Up’ the Caribbean