Productive Development Policies in Belize
Fundación de Investigaciones Económicas Latinoamericanas (FIEL) and Emily Morris;
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?