Handbook of Caribbean economies

"This volume aims to illustrate the uniqueness of the economies of the countries and territories of the Caribbean as well as the similarities they share with other regions. While most countries in the region share many of the characteristics of middle-income countries, theirs is a matter of extremes. Their generally small size suggests a fragility not found elsewhere. While much of the world is beginning to feel some effects of climate change, the Caribbean is ground zero. These factors suggest a difficult road ahead, but the chapters presented in this volume aim to help spur the search for creative solutions to the region's problems. The chapters, written by expert contributors, examine the Caribbean economies from several perspectives. Many break new ground in questioning past policy mindsets, while developing new approaches to many of the traditional constraints limiting growth in the region. The volume is organized in four sections. Part I examines commonalities, including issues surrounding small economies, tourism, climate change and energy security. Part II looks at obstacles to sustained progress, for example debt, natural disasters and crime. In Part III chapters consider the specific role of external influences, including the USA and the European Union, China, as well as regional co-operation. The volume concludes in Part IV with country case studies intended to provide a sense of the diversity that runs through the region"--

Introduction / Robert E. Looney -- An alternative policy approach to growth and stabilization in small open economies / DeLisle Worrell -- Impacts of climate change on Caribbean economies / Masaō I. Ashtine -- Caribbean energy security : regional profile and challenges to integration / David Goldwyn and Cory Gill -- The Caribbean holds its own in global tourism competition / DeLisle Worrell -- CARICOM and that vexing issue of size and viability / Patsy Lewis -- Debt and fiscal constraints / Lester Henry -- Crime, violence, and drugs in the Caribbean / Sherill V. C. Morris-Francis -- It's complicated : the Caribbean's relationship to white-collar crime / Kristina Hinds -- Caribbean natural disasters and country/regional responses / Robert E. Looney -- Why and how to use fiscal policy to target the exchange rate / DeLisle Worrell -- Venezuela : the descent into a 'soft state' / Anthony P. Maingot -- The external economic relations of the Caribbean : the United States and Europe Union compared / Ginelle Greene-Dewasmes and Tony Heron -- China's increasing influence in Central America and the Caribbean / Richard L. Bernal -- Regional cooperation in Latin America and the Caribbean : new challenges and agendas / Cintia Quiliconi and Renato Rivera Rhon -- The Puerto Rican economy / Brad Setser and Sergio Marxuach -- Haiti / Wenche Iren Huge -- The Cuban economy : socialist stagnation with Caribbean characteristics / Richard E. Feinberg -- Trinidad and Tobago / Lester Henry -- Belize / Victor Bulmer-Thomas -- Guyana and the advent of world-class petroleum finds / Clive Y. Thomas -- Development and underperformance in the Barbados economy, 1946-2018 / DeLisle Worrell -- Suriname / Scott B. MacDonald -- The Bahamas : facing a period of climate change and slow growth / Robert E. Looney -- The Cayman Islands / Scott B. MacDonald -- Guadeloupe and Martinique in the Caribbean Basin : a comparative analysis of models and trajectories / Alain Maurin and Patrick Kent Watson -- French Guiana patterns of growth and development / Paul Rosele Chim -- The Dominican Republic / Susan Pozo and Antonio María Giraldi -- The Jamaican economy : a Caribbean success story at last? / Keith Collister and Robert E. Looney -- The Dutch Caribbean / Scott B. MacDonald.

Cover -- Endorsements -- Half Title -- Title Page -- Copyright page -- Dedication -- Contents -- List of figures -- List of tables -- List of boxes -- List of contributors -- Preface -- Foreword by Sir Ronald Sanders -- 1. Introduction -- PART I: Commonalities -- 2. An alternative policy approach to growth and stabilization in small open economies -- 3. Impact of climate change on Caribbean economies -- 4. Caribbean energy security: Regional profile and challenges to integration -- 5. The Caribbean holds its own in global tourism competition -- PART II: Obstacles to sustained progress -- 6. CARICOM and that vexing issue of size and viability -- 7. Debt and fiscal constraints -- 8. Crime, violence and drugs in the Caribbean -- 9. It's complicated: The Caribbean's relationship to white-collar crime -- 10. Caribbean natural disasters and country/regional responses -- PART III: External influences -- 11. Why and how to use fiscal policy to target the exchange rate -- 12. Venezuela: The descent into a 'soft state' -- 13. The external economic relations of the Caribbean: A comparison between the USA and the European Union -- 14. China's increasing influence in Central America and the Caribbean -- 15. Regional cooperation in Latin America and the Caribbean: New challenges and agendas -- PART IV: Country case studies -- 16. The Puerto Rican economy -- 17. Haiti -- 18. The Cuban economy: Socialist stagnation with Caribbean characteristics -- 19. Trinidad and Tobago -- 20. Belize -- 21. Guyana and the advent of world-class petroleum finds -- 22. Development and underperformance in the Barbados economy, 1946-2018 -- 23. Suriname -- 24. The Bahamas: Facing a period of climate change and slow growth -- 25. The Cayman Islands -- 26. Guadeloupe and Martinique in the Caribbean Basin: A comparative analysis of models and trajectories -- 27. The Dominican Republic.