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