Caribbean Development Dynamics 2025 / OECD.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author, issuing body.

Language:

English

Subjects (All):

International economic relations.

Caribbean Area--Economic policy.

Caribbean Area.

Physical Description:

1 online resource (228 pages) : illustrations

Place of Publication:

Paris : OECD Publishing, 2024.

Summary:

The Caribbean Development Dynamics is a new joint flagship report by the Development Centre of the Organisation for Economic Co-operation and Development (OECD) and the Inter-American Development Bank (IDB). It advocates for a shift in perspective on the Caribbean's development prospects: beyond the assessment of challenges, it casts light on the region's opportunities, based on fresh, comparable data, and provides policy recommendations. Its regional perspective highlights policy options and areas of common interest, while acknowledging regional diversity as a unique asset. This inaugural edition adopts a multi-dimensional approach to analysing key development trends.

Contents:

Foreword

Acknowledgements

Editorial

Abbreviations and acronyms

Executive summary

Overview

Notes

References

1 Understanding macro-structural conditions

Introduction

Macroeconomic conditions are characterised by modest potential growth, coupled with volatility

and vulnerability to external shocks

The economic structure reflects low levels of productivity and limited diversification and upgrading of the production matrix

Key policy messages

2 Improving social conditions

Poverty and inequality remain high, although with large disparities across countries and significant information gaps

Labour markets remain largely informal, resulting in poor working conditions and heightened social vulnerability for many

Social protection and healthcare systems must be strengthened and adapted to climate

vulnerabilities and emerging challenges

Education systems have improved in recent decades, yet with challenges in access and completion after lower secondary and in overall learning outcomes

3 Environmental challenges and opportunities for sustainable development

Caribbean countries face unique challenges linked to their geographical location and the vulnerabilities associated with Small Island Developing States

Adaptation measures are central to tackling climate vulnerabilities and fostering climate resilience in the Caribbean

Harnessing the potential of unique biodiversity and natural endowments: From vulnerabilities to opportunities in the Caribbean

Annex 3.A.

4 Stronger institutions for a renewed social contract

Understanding citizens' perceptions to improve policy outcomes

Advancing more effective and inclusive institutions in the Caribbean

Towards a renewed social contract

5 Financing the development agenda

Tax revenues in the Caribbean can be strengthened to finance the development agenda

Rethinking debt management and strengthening fiscal frameworks will help Caribbean countries cope with high debt levels

Innovative debt financing mechanisms can mobilise resources to support environmental, social and ocean-related objectives

Financial markets need development to improve access to financing

6 Regional integration and international partnerships

Targeted regional strategies can improve trade outcomes for the Caribbean

Harnessing the potential of regional co-operation to address common challenges and opportunities

International partnerships to support financing for development and climate action in the

Caribbean

FIGURES

TABLES

BOXES.

Notes:

Description based on publisher supplied metadata and other sources.

Includes bibliographical references.

ISBN:

92-64-80935-X