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Caribbean labour market challenges and policies

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  • Downes, Andrew S.

Abstract

This paper examines the challenges facing the labour market in the Caribbean. It uses a combination of past studies and interviews with key informants to identify the key challenges and main policy responses. The main challenges are youth unemployment, the mismatch between the educational system and the needs of the labour market, the creation of jobs, the low levels of productivity coupled with relatively high wages, the emigration of skilled labour from the region and inadequate labour market information. A number of policy measures are suggested for dealing with these challenges: educational and training reform, gainsharing schemes, export promotion, greater social dialogue, revised labour legislation, establishment of mutually advantageous relation with citizens living outside of the region, and development of a labour market information system.

Suggested Citation

  • Downes, Andrew S., 2006. "Caribbean labour market challenges and policies," Macroeconomía del Desarrollo 5410, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    • Handle: RePEc:ecr:col037:5410
    Note: Includes bibliography
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    File URL: http://repositorio.cepal.org/handle/11362/5410
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    References listed on IDEAS

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    1. Mr. Ebrima A Faal, 2003. "Currency Demand, the Underground Economy, and, Tax Evasion—The Case of Guyana," IMF Working Papers 2003/007, International Monetary Fund.
    2. Ivar Kolstad & Espen Villanger, 2004. "Promoting investment in small Caribbean states," CMI Working Papers WP 2004: 9, CMI (Chr. Michelsen Institute), Bergen, Norway.
    3. -, 2001. "Trade and investment flows between the Caribbean and the rest of the hemisphere in the context of the FTAA," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 27489, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    4. World Bank, 2005. "Latin America and the Caribbean : A Time to Choose, Caribbean Development in the 21st Century," World Bank Publications - Reports 8542, The World Bank Group.
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    Cited by:

    1. Ms. Magda E. Kandil & Mrs. Genevieve M Lindow & Mr. Mario Mansilla & Mr. Joel Chiedu Okwuokei & Jochen M. Schmittmann & Qiaoe Chen & Xin Li & Marika Santoro & Solomon Stavis, 2014. "Labor Market Issues in the Caribbean: Scope to Mobilize Employment Growth," IMF Working Papers 2014/115, International Monetary Fund.
    2. Downes, Andrew S., 2009. "Flexible labour markets, workers' protection and active labour market policies in the Caribbean," Macroeconomía del Desarrollo 5453, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. Preeya Mohan & Patrick Watson & Eric Strobl, 2018. "Nascent Entrepreneurs In Caribbean Small Island Developing States: Opportunity Versus Necessity," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 23(04), pages 1-18, December.

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