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Netherlands Antilles - Economic memorandum (English)

The economy of the Netherlands Antilles is characterized by comparatively high income levels which have been sustained by petroleum refining and generous levels of Dutch aid. The economy's comparative advantage is based on the country's location along international shipping routes and as a tourism center. However, the narrow natural resource base and small population have seriously restricted the scope for developing the domestic market and for economic diversification. Also, the economy is quite vulnerable to international economic developments. Over the next five years, economic growth averaging about four percent per annum seems attainable; in order to attain faster economic growth, expansion of the productive potential and improvement of the competitive position of the economy will be necessary. The effectiveness of past development policies has been limited. A new long-range plan for economic, social, and political development is based on the principle that an equitable distribution of the benefits of economic development among the individual islands is one of the key requirements for a viable federal structure of the country. High priority should go to creation of permanent jobs in directly productive goods and services sectors.

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Netherlands Antilles - Economic memorandum (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/156571468288975101/Netherlands-Antilles-Economic-memorandum