The Caribbean: From Vulnerability to Sustained Growth
Books, September 14, 2006
Source details
- Canonical URL
- The Caribbean: From Vulnerability to Sustained Growth
Other formats
Bibliographic details
- Authors: David Robinson, Paul Cashin, Ratna Sahay
- Published: September 14, 2006
- Series: Books
- DOI: https://doi.org/10.5089/9781589065147.071
Overview and scope
- Title: The Caribbean: From Vulnerability to Sustained Growth
- Authors: David Robinson, Paul Cashin, Ratna Sahay
- Publication date: September 14, 2006
- Format and length: Book, Pages: 360
- DOI: https://doi.org/10.5089/9781589065147.071
- ISBN: 9781589065147
- Focus: Economic challenges facing the island nations of the Caribbean, with particular attention to the countries of the Eastern Caribbean Currency Union (ECCU).
Key challenges and findings
- ECCU countries have enjoyed a sustained period of price and exchange rate stability.
- Recent adverse shocks have buffeted these countries, including:
- the erosion of trade preferences,
- declines in official foreign assistance,
- frequent natural disasters.
- Strengthening growth performance requires a multifaceted strategy integrating several dimensions of policy and cooperation.
Policy recommendations and strategic priorities
- Design a multifaceted strategy that:
- integrates the Caribbean with the global economy,
- facilitates an economic transformation from agriculture to tourism,
- fosters greater regional cooperation,
- preserves macroeconomic stability.
- Emphasize policy action across:
- fiscal and financial sector policy,
- management of external flows,
- trade integration and tourism development,
- macroeconomic cycle and volatility management,
- preparation for and mitigation of the economic implications of natural disasters.
Topics examined in the volume
- Fiscal and financial sector policy
- Management of external flows
- Trade integration and tourism
- Macroeconomic cycles and volatility
- Economic implications of natural disasters
Subject classifications and keywords
- Subjects: Environment, Exchange rate arrangements, Fiscal policy, Fiscal stance, Foreign exchange, Migration, Natural disasters, Population and demographics, Public debt, Tax incentives
- Keywords: BOOK, Caribbean, Central America, countries of the Eastern Caribbean Currency Union, country, country authorities, ECCU banking system, ECCU country, ECCU economy, emigration loss, Exchange rate arrangements, Fiscal stance, Global, Migration, Natural disasters, North America
Source: The Caribbean: From Vulnerability to Sustained Growth (David Robinson, Paul Cashin, Ratna Sahay), International Monetary Fund; canonical URL: https://www.imf.org/en/publications/books/issues/2016/12/31/the-caribbean-from-vulnerability-to-sustained-growth-19412