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Developments and Challenges in the Caribbean Region

Author

Listed:
  • Mr. Simon Cueva
  • Mr. Stephen Tokarick
  • Mr. Erik J. Lundback
  • Ms. Janet Gale Stotsky
  • Mr. Samuel P. Itam

Abstract

This paper focuses on the independent states that are full members of the Caribbean Community. It provides background information on recent developments in the Caribbean region and lays out the principal policy issues that countries will need to address in the period ahead. The Caribbean countries face several common problems and must deal with similar economic policy issues. Consequently, concentrating on the regional perspective permits a comparison of the individual responses to similar problems. The regional view throws light on the countries' movement toward convergence. The economic prospects for the region are generally satisfactory over the medium term, but the projections depend importantly on the resolve of governments to pursue appropriate policies, as well as favorable developments in the rest of the world. The relatively favorable outlook for the region is not without risks, such as a slowdown in growth in the major trading partner countries or a term of trade shock.

Suggested Citation

  • Mr. Simon Cueva & Mr. Stephen Tokarick & Mr. Erik J. Lundback & Ms. Janet Gale Stotsky & Mr. Samuel P. Itam, 2000. "Developments and Challenges in the Caribbean Region," IMF Occasional Papers 2000/016, International Monetary Fund.
    • Handle: RePEc:imf:imfops:2000/016
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=15058
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    Citations

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    Cited by:

    1. Collin Constantine, 2020. "A Community Divided: Top Incomes in CARICOM Member States," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 32(3), pages 738-758, July.
    2. -, 2004. "Issues, effects and implications of the Free Trade Area of the Americas (FTAA) Agreement for CARICOM economies," Sede Subregional de la CEPAL para el Caribe (Estudios e Investigaciones) 27552, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. Mr. A. Salehizadeh & Mr. Peter Berezin & Mr. Elcior Santana, 2002. "The Challenge of Diversification in the Caribbean," IMF Working Papers 2002/196, International Monetary Fund.
    4. Ms. Janet Gale Stotsky & Ms. Asegedech WoldeMariam, 2002. "Central American Tax Reform: Trends and Possibilities," IMF Working Papers 2002/227, International Monetary Fund.
    5. Pierre‐Richard Agénor, 2003. "Benefits and Costs of International Financial Integration: Theory and Facts," The World Economy, Wiley Blackwell, vol. 26(8), pages 1089-1118, August.

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