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dc.titleIs There a Caribbean Sclerosis? Stagnating Economic Growth in the Caribbean
dc.contributor.authorRuprah, Inder J.
dc.contributor.authorMelgarejo, Karl Alexander
dc.contributor.authorSierra, Ricardo
dc.contributor.orgunitCountry Department Caribbean Group
dc.coverageTrinidad and Tobago
dc.coverageJamaica
dc.coverageBarbados
dc.coverageSuriname
dc.coverageBahamas
dc.coverageGuyana
dc.coverageThe Caribbean
dc.date.available2014-04-23T00:00:00
dc.date.issue2014-03-01T00:00:00
dc.description.abstractThis report addresses several critical questions regarding Caribbean nations. Does size matter for economic growth and volatility? To what degree has Caribbean economic growth been inferior to that of ROSE? What could account for the Caribbean growth gap and what economic policies might decision-makers adopt to promote higher and sustainable growth? The answers to these questions will support the overarching hypothesis that the Caribbean suffers sclerosis. The almost-exclusive focus on economic growth in this report does not imply that it should be the sole criterion to judge economic performance. Nevertheless, economic growth is the central concern of Caribbean policymakers, who recognize that it is critical to improve broad economic development, and hence to improve the welfare of Caribbean citizens. The central focus here is on six countries in the region, which will be referred to as the C6: The Bahamas, Barbados, Guyana, Jamaica, Suriname, and Trinidad and Tobago. However, the analysis will sometimes include, most often in the aggregate, the countries of the Organisation of Eastern Caribbean States (OECS). The six members of the OECS used in this report are Antigua and Barbuda, the Commonwealth of Dominica, Grenada, St. Kitts and Nevis, St. Lucia, and St. Vincent and the Grenadines.
dc.format.extent101
dc.identifier.doihttp://dx.doi.org/10.18235/0012625
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Is-There-a-Caribbean-Sclerosis-Stagnating-Economic-Growth-in-the-Caribbean.pdf
dc.language.isoen
dc.mediumAdobe PDF
dc.publisherInter-American Development Bank
dc.subjectFiscal Policy
dc.subjectDisaster
dc.subjectProductivity
dc.subjectInvestment
dc.subjectPublic Debt
dc.subjectTourism
dc.subjectExchange Rate
dc.subject.jelcodeE02 - Institutions and the Macroeconomy
dc.subject.jelcodeE22 - Investment • Capital • Intangible Capital • Capacity
dc.subject.jelcodeE23 - Production
dc.subject.jelcodeE62 - Fiscal Policy
dc.subject.jelcodeJ24 - Human Capital • Skills • Occupational Choice • Labor Productivity
dc.subject.jelcodeL25 - Firm Performance: Size, Diversification, and Scope
dc.subject.jelcodeO43 - Institutions and Growth
dc.subject.jelcodeO44 - Environment and Growth
dc.subject.keywordsSmall economies;Economic growth;External shocks;Current account;Foreign direct investment
dc.typeMonographs
idb.identifier.pubnumberMonographs
idb.operationRG-P1524
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