Long term growth in the Caribbean: a balance of payments constraint approach

14 Dic 2005 | Publicación

Work area(s)

Economic development International trade and integration Statistics

Topic(s)

Balance of payments Trade policy and trade agreements International trade

Long term growth in the Caribbean: a balance of payments constraint approach

  • Publication type: Sede subregional de la CEPAL para el Caribe (Estudios e Investigaciones)
  • Publication corporate author (Autor institucional): NU. CEPAL. Sede Subregional para el Caribe
  • Physical description: 40 páginas.
  • Editorial: ECLAC
  • UN symbol (Firma): LC/CAR/L.63
  • Fecha: 14 de Diciembre de 2005
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Abstract

The long-term growth of economies of the Caribbean Community (CARICOM) exhibits three characteristics. First, the aggregate rate of growth of CARICOM economies has declined over time. Second, the decline is attributed mainly to the Less Developed Countries (LDCs) as the More Developed Countries (MDCs) have in fact improved their growth performance. Third, all economies show a stagnation in growth since the middle of the 1990s. Fourth, a process of increasing divergence characterizes the growth performance of CARICOM economies.

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