Full Description
The Caribbean economy remains a region with many paradoxes. Despite a relative abundance of natural and valuable resources, including its people, large segments of the region still grapple with significant levels of debt, environmental degradation, high unemployment in the formal sector, climate change, limited progress in technological innovation, increasing energy costs, remittance dependency, tourism dependency, loss of correspondent banking relations, exchange rate, noncommunicable diseases, and domestic politics to name more than a few. The poorest countries still lag and remain far more vulnerable to external factors related to trade and global financial sector issues. This edited volume takes a closer look at the contemporary issues related to the economies of the Caribbean. The book provides an added dimension in that each of the chapters includes the contributions of a scholar with lived experiences in and knowledge of the region. Indeed, the book underscores the detailed evidence-based research and perspectives on topics providing insights into the current landscape of the Caribbean. Ultimately, understanding the Caribbean in its varied contexts is an important milestone in pursuing policies that will contribute to flourishing economies replete with sustained growth and development.
Contents
Chapter 1. Introduction (Monica Galloway Burke and Colin Cannonier).- Chapter 2. Debt Burden in Small Island Caribbean States and Prospects for Debt Relief (Dillon Alleyne and Machel Pantin).- Chapter 3. Technology, Growth and Productivity in the Caribbean (Wendell Samuel).- Chapter 4. Estimating the Economic Costs of Noncommunicable Diseases in CARICOM (Samuel Braithwaite).- Chapter 5. Taxes and Fiscal Sustainability in Caribbean Countries (Jeetendra Khadan and Inder Ruprah).- Chapter 6. Employment and Earnings Disparity: A Comparison of "Belongers" and "Non-Belongers" in the Turks and Caicos Islands (Amos C. Peters).- Chapter 7. Exchange Rate and Inflation Dynamics, and Monetary Policy in Haiti (Yves Nithder Pierre).- Chapter 8. The Impact of Remittances on the Real Exchange Rate: Evidence from Haiti (Carl-Henri Prophète and Dudley Augustin).- Chapter 9. Remittances and Financial Development in Caribbean Countries (Colin Cannonier and Marcus Bansah).- Chapter 10. Caribbean TourismDevelopment, Sustainability, and Impacts (David Mc. Arthur Baker).- Chapter 11. The Role of the Bahamas Government in Tourism (Madlyn M. Bonimy).
