In Caribbean small island developing States (SIDS), electrical power outages are frequent in the aftermath of major weather events. While local service disruptions often last a few days after these events, nationwide power grid failures lasting several weeks, or months have resulted in enormous social and economic impacts. In 2017, Hurricane Maria left 90 per cent of the population of Dominica without access to electricity for over four months (Commonwealth of Dominica, 2020) and caused a systemwide collapse of Puerto Rico's power grid that took 11 months to be entirely restored (Campbell…
1 Nov 2014, 00:00 - 14 Oct 2025, 05:21
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This paper reviews the current status of the international fight against money laundering and the financing of terrorism, highlighting the importance of its prevention for economic and financial stability in Latin America and the Caribbean. It synthesizes the recent history of international legislation and agreements with respect to the issues, and presents the framework of public and private sector actors engaged in combating these threats. It reviews Latin American and Caribbean countries’ compliance with the Financial Action Task Force (FATF) (40 + 9) Recommendations, and analyzes the regio…
Food safety and agricultural health standards have become a mayor challenge for food exports from developing countries in the past few years (Jaffe & Henson, 2005; OECD, 2003; Josling, Roberts & Orden, 2004; Maskus & Wilson, 2001). As tariff rates were negotiated down in the context of the World Trade Organization (WTO) and in regional and bilateral trade agreements, international trade in agro-food products increased substantially and so did concerns over food safety and agricultural health in food importing countries. Several countries, including the U.S, started to pay closer at…
1 Mar 2003, 00:00 - 14 Oct 2025, 05:21
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Abstract The paper deals with changes in the regulation and supervision of the Latin American financial sector in the aftermath of the Tequila Crisis of 1994-1995. While it finds that both have improved, regulation and supervision cannot resolve all problems; good macroeconomic policy and performance are essential complements. This is especially true because of the procyclical nature of financial activity. The paper presents both regional data for Latin America, contrasting it with other emerging markets, and four country case studies (Argentina, Brazil, Chile, and Mexico). The latter show how…
1 Ene 2003, 00:00 - 14 Oct 2025, 05:21
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Abstract New technological options that permit the use of digital systems to create and disseminate information around the world are paving the way for new means of organizing society and economic production and are gradually giving rise to a meta-paradigm that has come to be referred to as the Information Society. Viewed from the perspective of developing countries, the question of how to employ this emerging paradigm to achieve broader development goals and to integrate them more fully into the global Information Society is an issue of the utmost importance on the development agenda…
2 Ene 2023, 00:00 - 14 Oct 2025, 05:21
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In this digitally transforming world, digital inclusion is becoming increasingly important to social inclusion and sustainable development. Affordable access to broadband is an essential precondition to digital inclusion. Internet quality, as measured by speed and other indicators, is also important, as digital inclusion is ultimately about ensuring equal access to the benefits and opportunities offered by digital technologies and the Internet. This policy brief provides insight into Internet speed and affordability across the Caribbean, and offers some recommendations for policymakers working…
This paper examines the progress in the implementation of the CSME and what this has meant for the core (trade, investment, etc.); and functional aspects (foreign policy coordination, education, health and social development, etc.,); of integration. A tentative assessment is also made of the relevance of the current mode of integration in light of the opportunities and constraints of the international environment. The paper is divided into three sections. Section one provides a critical assessment of the implementation of the protocols and other aspects of the CSME. Section two evaluates the …
The liberalization of Maritime Transport is one important element to increase the export competitiveness of a country. In fact, studies remark that, for some countries, the effective rate of protection by the costs of transport is much higher than that of tariffs. One of the most relevant elements in the determination of the costs of maritime transport refers to the efficient management of ports. The global trend towards trade liberalization and integration and economic interdependence led Latin American countries to opt for programs of economic reforms that incorporated the participation of d…
1 Ene 2015, 00:00 - 14 Oct 2025, 05:18
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It has been established for a long time that there is significant dispersion in prices charged for seemingly homogeneous goods. This may happen in competitive markets because the world is not frictionless, and certainly in other markets where price discrimination is carried out by firms with oligopolistic power. This paper is the first survey of the economic literature on price dispersion that addresses the following three key issues: i) its characteristics as a result of optimizing search behavior; ii) its relevance as a reflection of price discrimination and its consequences for social welfa…
En los 15 años anteriores a la crisis económica de 2008 y 2009, el turismo había sido muy dinámico a nivel mundial. En algunos países en desarrollo se ha promovido activamente esta área con éxito. Entre estos países se encuentran varios de Centroamérica, entre los que se destacan Costa Rica y Panamá, pues en 2008, dicha actividad generó más de 8% de sus respectivos PIB. El turismo es una categoría muy amplia, que incluye el turismo de ocio, las visitas de negocio y las familiares, pero en general las estadísticas subregionales no proveen información para estos distintos nichos de mercado…
17 Ago 1998, 00:00 - 14 Oct 2025, 05:21
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Abstract Concentration in liner shipping means that relatively larger shipping companies are increasing their market share at the expense of the remaining smaller players. Although this process is not new, it has gained strength and is particularly affecting ports and shipping services in developing regions. Because trade is growing as a proportion of world GDP, governments and international organizations attach an increasing priority to improving ports and shipping services. This leads to deregulation, which, together with technological advances, increases the incentives for shipping companie…
1 Abr 2011, 00:00 - 14 Oct 2025, 05:21
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The Barbados Programme of Action (BPoA) for Small Island Developing States (SIDS) identifies energy management as a critical issue in achieving sustainability. Like many of the small islands states, Jamaica is economically vulnerable to external factors such as fluctuations in energy prices, a consequence of an over dependence on imported oil. Securing supplies of affordable and reliable energy is an essential element of economic and social development. In Jamaica however, energy systems and energy use are inefficient and expensive and add to national economic vulnerability.Jamaica is endowed …
Tourism has been a very dynamic activity worldwide over the last fifteen years (until the 2008-2009 economic crisis);. Some developing countries have been very active in promoting this activity and have been successful. Among these countries are several from the Central American region, where tourism accounted for more than 8% of Costa Rican and Panamanian GDP in 2006. Tourism is a very broad activity, which includes leisure, business and family visits, but statistics for this region do not allow a distinction between these categories. Some countries are more specialized in leisu…