Summary of Private Sector Development in the Caribbean

A Regional Overview

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Private Sector Development in the Caribbean summary
The Caribbean needs public-private partnerships to overcome its daunting, long-standing economic challenges.

Rating

7 Overall

7 Importance

8 Innovation

7 Style

Recommendation

While visitors may find the Caribbean inviting, businesses know the region’s economic environment is anything but. Expensive and erratic power supplies, a dependence on tourism, governments as outsized employers, a dearth of private sector investment, and inefficient labor markets make for inauspicious growth conditions. This wide-ranging overview from the Economist Intelligence Unit offers a good primer on the area’s economic problems and prospects. getAbstract recommends it to executives looking at the region’s potential, as well as to tourists, who rarely get to glimpse beyond the swaying palm trees and crystalline waters of the Caribbean.

In this summary, you will learn

  • What economic problems Caribbean countries face
  • How collaborative efforts between the private sector and government can address the region’s challenges
 

Summary

At 1.1% for 2014 and an estimated 1.7% for 2015, the Caribbean’s economic growth is languishing, especially in nations relying on tourism: Antigua and Barbuda, the Bahamas, Barbados, Dominica, Dominican Republic, Grenada, Jamaica, St. Lucia, St. Kitts and Nevis, and St. Vincent and the Grenadines. Competition...
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About the Author

The Economist Intelligence Unit is an independent research and analysis organization.


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