The main purpose of this paper is to explore and analyze the contributions that publicprivate
partnerships and public policy have made in the development of tourism in the Caribbean
as tools for enhancing competitiveness in the Caribbean tourism industry. The paper explores
these contributions mainly in the context of the upgrading strategies that Caribbean countries
have pursued over the past 15 years or so and using the lens of the tourism value chain and
tourism cluster approach. The paper also analyzes the potential roles that public-private
partnerships and public policy will continue to …
The main purpose of this paper is to explore and analyze the contributions that publicprivate
partnerships and public policy have made in the development of tourism in the Caribbean
as tools for enhancing competitiveness in the Caribbean tourism industry. The paper explores
these contributions mainly in the context of the upgrading strategies that Caribbean countries
have pursued over the past 15 years or so and using the lens of the tourism value chain and
tourism cluster approach. The paper also analyzes the potential roles that public-private
partnerships and public policy will continue to …
This document takes up a number of the points raised in the 2005 report by ECLAC and other UN agencies on the Millennium Development Goals (MDGs) in Latin America and the Caribbean. It provides further discussion on the type of problems and challenges facing the region in five areas that are either included in the MDGs or closely related to them (poverty, hunger and child malnutrition, education, health and children). The document makes recommendations for the region's governments and countries in these five areas.…
National savings and growth in Latin America have remained low in the 1990s and 2000s. The low level of national savings rates has forced Latin American countries to depend on foreign savings to finance investment and growth, which compounds the challenges for raising investment and growth prospects. This study extends the research on savings in three different dimensions: (1) in a time perspective, it extend the analysis on savings to the most recent years: we examine the period 1990-2003: (2) it examines the causality between savings, investment, and growth mostly uncovered in previous resea…
Concerns about the ongoing U.S crisis in the housing sector and the asset exposures to subprime mortgages dominated financial markets in the second and third quarters of 2007. Volatility spiked in July and August, with losses in the subprime mortgage sector spreading to other risky assets. The volatility radiating from the United States is changing the global backdrop for emerging markets. This change comes after several years when the combination of improvement in country macroeconomic policies and strong risk appetites led to strong flows of new money to the emerging markets asset classes. …
Introducción Internationally, development banks emerged as governments of many countries attempted to accelerate economic development by directing finance to achieve this objective.Accordingly, it was felt that development banks had a major role to play in steering resources appropriately, particularly where there is market failure. Thus, development banks were deemed as a critical ingredient to improving access to credit, allowing for the provisioning of long-term finance at a low price, and the financing of start-up activities. In addition, development banks were seen as essential to the fi…
This document summarizes the main ideas contained in the inter-agency publication with the same title coordinated by the Economic Commission for Latin America and the Caribbean (ECLAC), which included contributions from all of the international organizations that are present in the region (United Nations, 2005). This book examines the progress made between 1990 and 2004 by the Latin American and Caribbean countries and by the region as a whole in pursuit of the Millennium Development Goals and their respective targets. Together with this review, it analyses the main features of the region'…
This paper compares the dynamism of the Latin American and Caribbean region's services trade with that of Asia, evaluates the determinants of these trade flows, and proposes measures for improving the region's performance. The focus of this study is on other services , which includes all services except transport and travel services (mainly tourism). Other services include many modern service inputs (including communications, financial and information technology services and business services), that play an increasingly vital role in determining many businesses&…
Since its initiation on January 1, 1994, the agriculture section of the North American Free Trade Agreement (NAFTA) has been controversial, which has led to several trade disputes, suggestions for modification and strengthening, and even Presidential initiatives such as the Security and Prosperity Partnership of North America (SPP). While NAFTA has done much to spur economic growth and development, it has not realized its potential in integrating agrifood markets. Several illustrations are summarized in this report on progress in overcoming sanitary and phytosanitary (SPS) barriers to trade un…
This study provides an analysis of links between trade liberalisation, trade performance and competitiveness in the Caribbean. The study takes an eclectic approach, borrowing from different strands of theory and empirical findings, where necessary. Nevertheless from a broad conceptual frame of reference, an effort is made to analyse the structural, institutional and market (demand and supply); factors that impinge on trade performance and competitiveness outcomes in the region. This approach, it is believed, provides the most relevance for analysing the real world situation in the Caribbean,…
Latin American markets had another good year in 2006. The liquidity environment remained supportive, credit quality continued to improve, and concerns that the heavy electoral calendar would increase volatility did not materialize. Latin America continued to reap the benefits from the commodities boom, while rising oil prices during most of the year continued to be a net positive for oil exporting countries; together with a significant increase in remittances from Latin Americans abroad they contributed to increase the region's current account surplus. Latin American stocks surged to a fo…
This paper is to assist governments and other concerned parties in the subregion to identify, at the national and regional levels, already existing mechanisms for migration data collection, management and sharing and to provide guidance on how to identify and bridge the still existing information gaps on migration data in the subregion…
El presente documento constituye una recopilación de las evaluaciones de los programas de reducción de la pobreza y precariedad del hábitat y fue presentado en 2006 en el III Foro Urbano Mundial. Estas evaluaciones se realizaron a través de un cuestionario base distribuido a los países de la región y en el que se incluyeron los aspectos prioritarios del Plan de Acción Regional para los Asentamientos Humanos adoptado en 1995 y actualizado en el 2001 por los países de la Región. El análisis de la aplicación de estos programas, a fin de incorporar esas experiencias en el Programa Regional de Vivi…
This survey provides an overview of the macroeconomic performance of countries of the Caribbean Development and Cooperation Committee (CDCC) for the year 2006 and their outlook for 2007. The report consists of three chapters. The first one provides a regional analysis of the main economic indicators from a comparative perspective. The second chapter deals with two selected topics of particular relevance for the economic development of Caribbean countries, namely remittances and migration, and natural resources dependency. The last chapter presents country briefs with the main macroeconomic dev…
Abstract In the early 1980s, within the wider structural adjustment and liberalisation framework, financial sector reform were initiated to allow greater facility of market forces in the pricing and allocation of financial resources. The sector has been increasingly liberalised since then with subsequent on-going reform addressing the legislative and regulatory frameworks. The on-going reforms have sought to improve resource flows for productive investment. Nevertheless, there are persistent fractures and imperfections in the credit market. Development banking seeks to define and reso…
En la presente edición del Anuario estadístico de América
Latina y el Caribe 2006 se mantienen los cambios de
contenido y de diseño introducidos en el año 2005. El
propósito es responder a las nuevas exigencias de los
investigadores que analizan la situación económica y
social de la región e incorporar los avances tecnológicos
que modifi can la difusión y el uso de la información
estadística.
El Anuario cuenta con cuatro capítulos. En el primer
capítulo se presentan los indicadores demográfi cos y
sociales, que refl ejan el esfuerzo especial realizado para
incluir la dimensión de género en la…
This document was prepared by José Luis Cervera-Ferri, Consultant, ECLAC, and Hubert Escaith, ECLAC Statistics and Economic Projections Division, based on José L. Cervera Ferri, El seguimiento de los objetivos de desarrollo del Milenio: oportunidades y retos para los Sistemas Nacionales de Estadística, Serie No.39, Estudios estadsiticos y propectivos (LC/L.2458-P) Santiago, Chile, Economic Commission for Latin America and the Caribbean (ECLAC), December 2005. The views expressed in this document, which has been reproduced without formal editing, are those of the authors and do not necessar…
Multinational transport infrastructure (MTI) projects are fraught with coordination issues. This paper contributes by identifying the key issues necessary for effective MTI coordination, analyzing them using economic theory and putting them into perspective within the framework of major ongoing coordination efforts for MTI in Europe and Latin America. Specifically, this paper carries out the following. First, after mentioning the importance of transport infrastructure for growth and integration, we describe the characteristics of transport networks that make coordination essential. Second, we …