The Hummingbird Vol.5 No.10

The Hummingbird Vol.5 No.9

The Hummingbird Vol.5 No.8

The Hummingbird Vol.5 No.7

The Hummingbird Vol.5 No.6

Report of the twenty-seventh session of the Caribbean Development and Cooperation Committee

The Hummingbird Vol.5 No.4

The Hummingbird Vol.5 No.3

Irma and Maria by numbers

The Hummingbird Vol.5 No.2

Caribbean development report: A perusal of public debt in the Caribbean and its impact on economic growth

This paper examines the genesis and evolution of debt and debt overhang in the Caribbean with individual case studies, to extract lessons and make broad recommendations with regard to appropriate mechanisms and policy measures that can be implemented to reduce the debt burden of the subregion. The econometric model utilized in the paper has shown that a one percent increase on debt to GDP ratio causes a 0.015decline in real GDP growth for the countries in the Caribbean panel, suggesting that debt has a pernicious effect on growth on Caribbean economies. What is even more worrisome was that Car…

Economic impact of de-risking on the Caribbean: Case studies of Antigua and Barbuda, Belize and Saint Kitts and Nevis

This study examines the impact of de-risking on the study countries—bank and non-bank sectors. The study approach is based on survey instruments, consultations and analysis of secondary data. The impacts that have been observed, to date, have generally been discounted in most analysis as “anecdotal” and not valid for “reliable inference”1. However, in small economies such as those in this study what is anecdotal may be indeed reasonable for inference. The typically small number of banks as well as their dominance in the financial sectors of these small states suggests that reduced banking serv…

A global value chain analysis of offshore medical universities in the Caribbean

This study is intended to be exploratory in nature. It seeks a better understanding of i) how the OMU cluster emerged; ii) the characteristics of the offshore medical universities in the Caribbean cluster; iii) the contribution of the offshore medical universities to the economy of the host Caribbean countries; and iv) the prospects for enhancing the educational quality, and value added captured by the Caribbean in the medical value chain.…

Monitoring trade agreements: improving export performance and promoting industrialization in the goods-producing economies of the Caribbean

This study focuses on the identification of the challenges and capacity constraints faced by enterprises in the sub-region in exploiting trade opportunities provided by Free Trade Agreements (FTAs) and Partial Scope Agreements (PSAs). It concentrates on the goods sector and case studies for Belize, Suriname, and Trinidad and Tobago, and seeks to develop a strategic framework aimed at addressing these challenges and constraints, thereby creating a platform for economic diversification and export expansion. It explores the recent trade performance of the countries in question under selected trad…

Economic Survey of the Caribbean 2017

Although the growth performance has been mixed in the Caribbean year, on averaged the economies posted an economic growth of 0.7 per cent in 2016. The goods producers achieved -3.1 per cent growth, due to weak commodity prices. While the service producers achieved 2.1 growth. Despite the anemic growth performance, the region managed to decrease its unemployment rate to 11.2 per cent in 2016, relative to the 15.2 per cent experienced in the previous year.…

The Hummingbird Vol.5 No.1

An analysis of the art and craft sector and its potential for sustainable tourism development in the Caribbean

Art and craft is considered to be an integral part of the tourism business, since it plays an important role as souvenirs and mementos, thereby spatially and temporarily expanding the visitor experience. It is also increasingly looked upon as an opportunity to diversify the tourism sector offerings, as well as the broader economic base. As part of the overall global creative economy, the art and craft sector has seen consistent trade growth over the past two decades, and has shown the capacity to forge even stronger linkages with the tourism sector. This paper examines the nature of this relat…

The Hummingbird Vol.4 No.12

Hurricanes reloaded

The Hummingbird Vol.4 No.11