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
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 out … [Read more...] about Is there something wrong with 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
Welcome to the Spice of the Caribbean; a place where untouched beauty meet Grenada's warm people content with a simple way of life. Grenada offers a lifestyle so pure and authentic that you feel instantly renewed. The enchanting island boasts silky stretches of white sand beaches, sunken treasures adorned by corals and unspoilt landscapes undiscovered by crowds. … [Read more...] about Discover The New “Pure Grenada” Brand
When we think about climate change and protecting coastal areas we usually visualize something scientific like big boulders, reefs, boardwalks and jetties. The Climate Change Coastal Community Adaptation Resilience and Knowledge (CCCCE-ARK) regional project despite its ostentatious name, however, has taken coastal protection to the grassroots. The two and a half year … [Read more...] about Building Resilience amongst Small Businesses in Coastal Communities across the Caribbean: Challenges, and Opportunities and Experiences