In the past four and a half decades, the growth of Caribbean economies relative to their comparators has been weak. In the empirical literature, low productivity growth in particular has been identified as the dominant cause of the Region’s uncompetitive performance.
Addressing lessons learned in the integration of climate considerations in CDB’s work. Examining what lies ahead, drawing on the most recent technical reports for climate change impacts and disaster risk to Borrowing Member Countries.
In many Caribbean countries, tourism is the largest sector and lead foreign exchange earner. Recent evidence suggests, however, that the economic growth returns to increases in visitor arrivals has been diminishing.
How do we address the shortcomings in the Caribbean’s existing FDI model, which is heavily reliant on concessions, arguably to the disadvantage of the domestic private sector? One idea, inspired by the Irish FDI model, is to invite publicly traded multinational corporations to locate in the Caribbean.