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Caribbean Region - Caribbean economic overview 1996 (Inglês)

This report presents an overview of the macroeconomic performance of the Caribbean since 1994, focusing on how developments in the North American Free Trade Agreement (NAFTA) and international capital flows have affected the region. It states that growth per capita is slower than in East Asia, Latin America, and high-income countries, and that the decline of traditional preferential trade arrangements and the expansion of Mexico, Cuba, and other competitors threaten to undermine the bases for even the modest growth achieved recently. The report presents a response strategy indicating that the Caribbean countries need to speed up implementation of investments and policy adjustments to facilitate diversification of the private sector, and, in coordination with the countries of NAFTA, hasten preparation for full membership of the Caribbean in the Western Hemisphere Free Trade Agreement (WHFTA). Future benefits to the region will be greatest if industrial countries liberalize the import and improve the export opportunities of nontraditional Caribbean products as well as taper off their financial assistance in a way that does not make excessive debt-servicing demands on the heavily indebted governments of the region. Acceleration of overall growth will require continued increases in trade openness, improved labor and financial market systems, more innovative and export-oriented private sectors, and more efficient public sectors, focused on human resource development, law enforcement, and facilitation of private sector growth.


  • Data do documento


  • TIpo de documento

    Relatório Econômico ou Setorial Pré-2003

  • No. do relatório


  • Nº do volume


  • Total Volume(s)


  • País


    América Latina,

  • Região

    América Latina e Caribe,

  • Data de divulgação


  • Nome do documento

    Caribbean Region - Caribbean economic overview 1996

  • Palavras-chave

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