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
productivity
Three Steps to Improving Business in The Bahamas
To understand how effective countries are in fostering private sector growth and encouraging enterprise contribution, the World Bank produces the Doing Business Indicators, comprising ten measures ranging from the ease with which private companies can pay their taxes to register property. Which factors stand out for The Bahamas? These were cited among the indicators for … [Read more...] about Three Steps to Improving Business in The Bahamas
Rethinking the growth diagnostics framework
In identifying binding constraints to growth of developing member countries, ADB and other multilateral development 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 economic growth in a given country–in comparison to its … [Read more...] about Rethinking the growth diagnostics framework
Made In Suriname: Conversations On Enhancing Competitiveness In Suriname
Photo author Nicola Karcher by Nicola Karcher and Sasha Baxter On March 11th-12th the Competitiveness Unit of Suriname (CUS) held the 2nd Competitiveness Forum, “Building Together a Strategic Economic Plan for Suriname” organized by CUS with collaboration from Compete Caribbean, the IDB Country Office in Suriname and other regional stakeholders. Discussions for the two day … [Read more...] about Made In Suriname: Conversations On Enhancing Competitiveness In Suriname
Let’s Change the Policy Dialogue in the Caribbean to One about Productivity Drivers that can be Measured
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