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Private Sector Development in the Caribbean
Report

Private Sector Development in the Caribbean

A Regional Overview

EIU, 2015 mais...

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Editorial Rating

7

Qualities

  • Innovative

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.

Take-Aways

  • Economic growth in the Caribbean is languishing, particularly in the countries that depend on tourism.
  • Service industries contribute half of the region’s GDP, with energy and minerals in second place. Agriculture and higher education are also important sectors.
  • Yet average government debt totals more than 90% of GDP in the tourism-based nations, costly energy and erratic supplies constrain business growth, limited job opportunities drive emigration, and local businesses have trouble getting financing.

About the Author

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


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