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Project Name:
Productive Development Policies in Belize

The aim of this study is to conduct a critical appraisal of PDPs applied by the government of Belize (GoB), and in particular assess two sectors that account for a large share of economic activity and have acknowledged potential for further growth: tourism and agriculture. Accordingly, following Crespi et al. (2014), this study subjects existing policies to three tests:

  1. Is there a plausible market or government failure that has been diagnosed to justify the policy?
  2. Is the alleged policy remedy—whether it entails alleviating the failure or redressing its impact—a good match for the diagnosis?
  3. Are institutional capabilities sufficiently strong to design and carry out a policy as intended?

Project Name:
Improving Competitiveness in the Caribbean Tourism Sector through ICT-based Innovations

The report explores global and regional trends and innovations that are transforming the tourism sector, with an emphasis on ICT-based innovations. Given the challenges of the Caribbean’s tourism industry, the report underlines the need for approaching future tourism development with a high innovation scope in order to be and remain competitive in the global economy. The report suggests an innovation framework for regions where SMEs need to be empowered through the adoption of technologies when facing international competition. The prior is boosted by a framework of an adequate clustering and co-working policy atmosphere created by public policies. The document closes with some conclusions and a set of guidelines for the Caribbean Region.

Project Name:
Clusters in the Caribbean: Understanding their Characteristics, Defining Policies for their Development

The aim of this report is to map Caribbean cluster cases and identify their specific characteristics, based on the existing literature and on the available empirical evidence. An empirical exercise is undertaken through a desk review of 32 cases of clusters distributed in a variety of industries across the Caribbean, such as natural resources based industries, comprising agriculture, agro-processing, forestry, aquaculture and energy; manufacturing; and services, embracing tourism, creative industries and business services.

Project Name:
Caribbean Diasporic Entrepreneurship

This study argues that tapping into the migration, diaspora and development nexus is critical to enhance economic diversification and deepen global competitiveness in the contemporary Caribbean economy. However, activating this potential requires significant changes in practice and policy among governments, as well as, the mind-sets of businesses and immigrant communities which can benefit from this economy.

Project Name:
Value Chain Analysis of the CARIFORUM Ecotourism Industry

CARIFORUM countries have identified a number of priority industries and niche sectors that span manufacturing, agriculture, tourism, and other service sectors, which are viewed as having strong potential to contribute to economic growth and development. However, these sectors face a number of challenges to realize their potential, including limited markets, low labor productivity and inadequate skills for market demand, high energy and transportation costs, and high levels of debt. In order to overcome challenges to private sector growth, best practice suggests that analyzing the environment for private sector development and identifying specific barriers to growth are critical steps toward making these sectors more competitive regionally and globally. This project aims to make a contribution in this regard via the use of a value chain methodology. The industry selected for this project was the ecotourism industry, and it was studied in the context of four countries: The Bahamas, St. Kitts and Nevis, Trinidad and Tobago, and Guyana. The ecotourism value chain was analyzed. Challenges to the development of the ecotourism industry were identified in the selected countries, and a roadmap was proposed.

Project Name:
Pre-Feasibility Study of the Potential Market for Natural Gas as a Fuel for Power Generation in the Caribbean

This study analyses the feasibility of introducing natural gas in 14 countries in the Caribbean. The current dependence on fuel oil in the countries in the Caribbean has led to high generation costs and electricity prices. Introducing natural gas would decrease both the cost and price of electricity—mainly due to the lower price of natural gas. Additionally, natural gas plants emit less carbon dioxide (CO2) per ton than fuel oil plants. Therefore, the net benefits of natural gas would be seen in lower financial and economic (environmental) costs.

Project Name:
Productive Development Policies in Jamaica

Jamaica seems to be a puzzling case for economic growth: despite the structural reforms implemented in the last three decades and adequate investment levels, real GDP per capita is roughly the same as in 1970. The disappointing performance of this economy suggests that productive development policies (PDPs), including first-generation reforms, have not been enough to create a better environment for productivity growth. This paper examines the PDPs in Jamaica and concludes that behind the paradox of high investment and low growth of this economy are the “public debt trap” and a highly distortive tax incentive structure to attract foreign direct investment (FDI) and promote exports. Although industrial policy is moving towards a more modern conceptual design, the old schemes seem politically difficult to dismantle.

Project Name:
Strengthening Sustainable Agriculture in the Caribbean

This study provides an assessment of the sustainable agriculture sector in five countries of the Caribbean region: Barbados, Belize, Dominica, Guyana, and Jamaica. It analyzes the constraints to its further development and aims to share lessons learned from existing undertakings or experiences carried by international donor organizations, public agencies and non-governmental organizations (NGO s). It aims to identify gaps and opportunities to inform policy design, investments and practical steps that can promote sustainable agriculture in this part of the region.

Project Name:
Private Sector Assessment Reports

These reports explore private sector development in the Caribbean region. The reports are largely based on the analysis in the Private Sector Assessment Reports (PSARs) of 14 Caribbean countries. Reforms to stimulate sustainable growth led by the private sector are more important than ever. Although the details vary from country to country, structural reform is needed in most Caribbean countries. Economic diversification is essential for tourism dependent economies.


Private Sector Development in the Caribbean: A Regional Overview


2014 Antigua and Barbuda Private Sector Assessment Report

2014 Bahamas Private Sector Assessment Report

2014 Barbados Private Sector Assessment Report

2014 Belize Private Sector Assessment Report

2014 Dominica Private Sector Assessment Report

2014 Grenada Private Sector Assessment Report

2014 Guyana Private Sector Assessment Report

2014 Haiti Private Sector Assessment Report

2014 Jamaica Private Sector Assessment Report

2014 St. Kitts and Nevis Private Sector Assessment Report

2014 St. Lucia Private Sector Assessment Report

2014 St. Vincent and the Grenadines Private Sector Assessment Report

2014 Suriname Private Sector Assessment Report

2014 St. Trinidad and Tobago Private Sector Assessment Report

Project Name:
2011 Micro Level Data

With funding from the Compete Caribbean Program, Enterprise Surveys were conducted in 13 CARIFORUM countries in 2011. Respondents from the private sector were interviewed and helped to identify the main constraints facing each jurisdiction.

Antigua and Barbuda Enterprise Survey Country Bulletin

The Bahamas Enterprise Survey Country Bulletin

Barbados Enterprise Survey Country Bulletin

Dominica Enterprise Survey Country Bulletin

Dominican Republic Enterprise Survey Country Bulletin

Grenada Enterprise Survey Country Bulletin

Guyana Enterprise Survey Country Bulletin

Jamaica Enterprise Survey Country Bulletin

St Kitts and Nevis Enterprise Survey Country Bulletin

St Lucia Enterprise Survey Country Bulletin

St. Vincent and the Grenadines Enterprise Survey Country Bulletin

Suriname Enterprise Survey Country Bulletin

Trinidad and Tobago Enterprise Survey Country Bulletin