Human Imagination, Innovation and Competitiveness in the Caribbean
The paper aims to identify the potential gains for the Caribbean region of investing in a competitiveness and innovation strategy that takes into account the human imagination and how it relates to business growth and economic and trade diversification. It assesses the competiveness and innovation performance of Caribbean countries in the last decade, analyzes the role of key institutions, and then identifies some key areas for intervention. The paper concludes by outlining a framework for implementing a competiveness and innovation policy agenda.
Perspectives for Distributed Generation with Renewable Energy in Latin America and the Caribbean (English)
Analysis of Case Studies for Jamaica, Barbados, Mexico, and Chile: This paper deals with how to promote distributed generation (DG) done with renewable energy in emerging markets of Latin America and the Caribbean (LAC), with the purpose of increasing competitiveness and achieving sustainable economic growth. The paper argues that the key rationale for promoting renewable DG in LAC is to reduce the cost of electricity for a country as a whole. The paper examines four case studies in the Caribbean (Jamaica and Barbados) and Latin America (Mexico and Chile) to assess what these countries are or are not doing, and why, in promoting renewable DG. These cases are also assessed in the light of the experience of Denmark, which has the world’s highest share of DG (over 50 percent of electricity generation), mostly done with wind and cogeneration. This paper was presented at the Fifth Americas Competiveness Forum for the Inter-American Development Bank and Compete Caribbean Santo Domingo, Dominican Republic, October 5-7, 2011.
Pre-Feasibility Study of the Potential Market for Natural Gas as a Fuel for Power Generation in the Caribbean
Pre-Feasibility Study of the Potential Market for Natural Gas as a Fuel for Power Generation in the Caribbean.
Bahamas Donor Matrix Report (Dec 2012)
The Private Sector Development Donor Matrix for the Bahamas, sponsored by Compete Caribbean, is intended to be a comprehensive tool to identify, assess and monitor Private Sector Development (PSD) strategies and projects within the country. The aim is to reduce duplication, inefficiencies and fragmentation in maximizing the use of donor resources by improving coordination and alignment. It should also assist in the development of strategic partnerships and maximizing the effects of projects.
Belize Donor Matrix Report (Mar 2012)
In order to facilitate the harmonization of donor activity forprivate sector development, Compete Caribbean, an agency funded by the IADB, DFID, CIDA and CDB to promote the competitiveness of CARIFORUM states, has established a program to finance the design of a common tool, the country PSD Donor Matrix (DMX), to register ongoing and past countryâ€level programs related to private sector development and improvement of competitiveness that are being implemented by multilateral and biâ€lateral institutions in the region.
This report delineates the inaugural use of the tool in the context of Belize. It enumerates the context for private sector development in Belize, summarizes the findings in the application of the tool and provides the donor matrix inventory in a separate Annex to this report.
Jamaica Donor Matrix Report (Nov 2012)
The competitiveness and profitability of Jamaican businesses are dependent both on the internal capacities of such entities, and on the existence of an enabling environment that allows private firms to operate efficiently. An enabling business environment and stable macroeconomic climate and are among the most critical pre-requisites of business success. These are, however, also areas in which the Jamaican economy has consistently struggled in its recent past. It is in this context that the 2012 Donor Matrix (DMX) and Private Sector Assessment Report (PSAR) for Jamaica have been prepared. The preparation of these reports represents an initial step in the development of comprehensive and cohesive private sector development (PSD) policies for the country around which donors, government agencies and private sector stakeholders can unite.
Suriname Donor Matrix Report (May 2012)
This report presents the Suriname Donor Matrix (SU-DMX). Following the suggestion of the guidelines for the preparation of DMX, the SU-DMX has been prepared simultaneously with the Suriname Private Sector Development Assessment (SU-PSAR), and although it is written as a
free standing document, it is included as an annex of the SU-PSAR. This introduction presents a brief description of the purpose of the DMX, and summarizes the visit to Paramaribo that served to validate data previously collected about Private Sector Development (PSD) programs and
projects in Suriname.
Trinidad and Tobago Donor Matrix Report (May 2012)
This report presents the Trinidad and Tobago Donor Matrix (TT-DMX). Following the suggestion of the guidelines for the preparation of DMX, the TT-DMX has been prepared simultaneously with the Trinidad and Tobago Private Sector Development Assessment (TTPSAR), and although it is written as a free standing document, it is included as an annex of the TT-PSAR. This introduction presents a brief description of the purpose of the DMX, and report reflect information collected during the visit to Port of Spain, in April 2012, that served to validate data previously collected about Private Sector Development (PSD) programs and projects in Trinidad and Tobago.
Supply and Demand Side Assessment of Impact Investment within the Caribbean
While Asia, Africa and Latin America have become important investment destinations for impact investors, the Caribbean has been largely overlooked by existing players as a priority region. Several key factors for this have been identified. The level of socio-economic development in the Caribbean is generally high, which means that the traditional target group for impact investments is relatively small. The purpose of this study has been to identify opportunities for impact investments in the Caribbean with a focus on five specific countries: Barbados, the Dominican Republic, Jamaica, Haiti and Trinidad & Tobago. These five highly disparate nations exemplify the opportunities and challenges faced by the region and investors within it.
Measuring the Competitiveness of Selected CARICOM Countries – WEF
The World Economic Forum (WEF) views competitiveness as the potential of a country to grow in a sustained way over the medium to long term and thus create prosperity for its citizens. The Global Competitiveness Index (GCI), developed by Professor Xavier Sala-i-Martin of Columbia University together with the WEF, represents a powerful tool to shed light on the complex set of factors, policies, and institutions that determine the level of national productivity and therefore the diverging growth experiences of countries. Identifying the long-term drivers of economic growth becomes even more relevant in the current context of global economic downturn, in which short-term urgencies tend to dominate political debate and political agendas. In this situation, policymakers neglect the longer-term view at their peril, since economies displaying strong competitiveness fundamentals are able to better weather business cycle downturns and ensure that mechanisms enabling solid economic growth going into the future are in place.