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After earlier success, growth performance in most Caribbean countries has been disappointing since the early 1990s. With slower growth, output has fallen behind that of relevant comparator countries. This paper analyzes the growth experience of the Caribbean countries from a cross country perspective. Three findings stand out. First, the slowdown in growth is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant contributor to higher growth (through both capital accumulation and productivity) and lower output volatility, and in many countries there is scope for further expansion of this sector. Third, the small size and the fact that most of these countries are islands have limited growth. Policies aimed at improving productivity, further development of the tourism sector, and regional integration could pay dividends in terms of higher growth in the region.
After earlier success, growth performance in most Caribbean countries has been disappointing since the early 1990s. With slower growth, output has fallen behind that of relevant comparator countries. This paper analyzes the growth experience of the Caribbean countries from a cross country perspective. Three findings stand out. First, the slowdown in growth is explained more by a decline in productivity rather than a lack of investment. Second, tourism has been a significant contributor to higher growth (through both capital accumulation and productivity) and lower output volatility, and in many countries there is scope for further expansion of this sector. Third, the small size and the fact that most of these countries are islands have limited growth. Policies aimed at improving productivity, further development of the tourism sector, and regional integration could pay dividends in terms of higher growth in the region.
Award winning title! 'Globalization and Development' was selected as a 2003 'Notable Government Document' by the American Librarian Association (ALA) and GODORT (Government Documents Round Table). In this book, the UNECLAC (United Nations Economic Commission for Latin America and the Caribbean) draws upon the Latin American and Caribbean region's experience in order to formulate a historical and multidimensional assessment of the globalization process from the perspectives of developing countries.
Globalization and Development draws upon the experiences of the Latin American and Caribbean region to provide a multidimensional assessment of the globalization process from the perspective of developing countries. Based on a study by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), this book gives a historical overview of economic development in the region and presents both an economic and noneconomic agenda that addresses disparity, respects diversity, and fosters complementarity among regional, national, and international institutions. For orders originating outside of North America, please visit the World Bank website for a list of distributors and geographic discounts at http://publications.worldbank.org/howtoorder or e-mail [email protected].
The international response to opportunities and risks arising from globalization has been incomplete and uneven. But a proactive approach by a network of institutions could correct existing asymmetries and build a rights-based international social agenda. Globalization and Development provides a historical overview of economic development in the Latin America and Caribbean region - and proposes an economic and noneconomic agenda that addresses disparity, respects diversity, and fosters complementarity among regional, national, and international institutions. "This book provides a profound analysis of key problems facing the global economic order. Equally important, the agenda put forward provides perceptive food for thought for all who are committed to overcoming the fundamental asymmetries that pervade the world economy today. It recognizes that success in creating a better global order must go beyond the topics that have been at the center of discussion in the past: There must be an adequate supply of global public goods, and we need to incorporate at the global level values that we often take for granted at the national level--a commitment to global democracy, global citizenship, and global social justice."
This is an issue-based book that discusses the responsibility or otherwise of tourism activities in the geographic context of Latin America and the Caribbean.
A comprehensive introduction to the important economic, social and political processes and development issues in this extremely popular region. The Central American nations and those of the Caribbean (including Guyana, Surinam and French Guiana on the mainland) share many historical processes as well as experiencing similar development problems today. These include European colonialism, structural adjustment, small size, reliance on primary production, influence of the United States and moves towards democratisation. While Mexico is obviously a much larger country in area, economy and population terms, it is included in this volume because of its close ties to the other countries in the region through processes such as trade and migration.
This book analyses the development challenge faced by Latin America at a time at which the concerns for the large inequality in the region are at a peak. This volume focuses on growth-with-equity, and is written by an outstanding group of Latin American and international researchers and policy-makers.
This publication examines the progress made on development issues and related challenges in the Latin American and Caribbean region five years after the Millennium Development Goals and associated targets were agreed by the international community. Focusing on the key theme of inequality, seven chapters consider the following issues: combating poverty and hunger; access to educational opportunities as a pillar of human development; gender equality and women's empowerment; health-related targets; ensuring environmental sustainability; financing aspects of the MDGs and international development assistance.
The Caribbean now has one of the largest regional tourism industries in the world amongst developing countries. When originally published this volume was the first to provide a comprehensive discussion of tourism in this part of the world. It begins with an overview of the industry and then examines aspect of tourism marketing and management on a region-by-region basis, covering the Bahamas, Jamaica, Barbados, St Lucia, Trinidad and Tobago, Guyana and Cuba. Detailed analysis follows of sectors within the industry, such as heritage and health care, with central issues such as the intense competition between the cruise ship and hotel industries being highlighted. Discussion of the impact of US and EU policies on Caribbean tourism provides an important international perspective. Throughout, the focus is on the contribution of the regional tourism industry to Caribbean economic growth and development.