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Steven Benjamin Webb - Prospects and challenges for the Caribbean

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title Prospects and Challenges for the Caribbean World Bank Latin American - photo 1

title:Prospects and Challenges for the Caribbean World Bank Latin American and Caribbean Studies
author:Webb, Steven Benjamin.
publisher:World Bank
isbn10 | asin:082133946X
print isbn13:9780821339466
ebook isbn13:9780585270104
language:English
subjectCaribbean Area--Economic conditions--1945- , Caribbean Area--Economic policy.
publication date:1997
lcc:HC151.W377 1997eb
ddc:330.9729/052
subject:Caribbean Area--Economic conditions--1945- , Caribbean Area--Economic policy.
Page i
WORLD BANK LATIN AMERICAN AND CARIBBEAN STUDIES
Prospects and Challenges for the Caribbean
Steven B. Webb
Viewpoints
Prospects and challenges for the Caribbean - image 2
Page ii
Copyright 1997
The International Bank for Reconstruction and Development/THE WORLD BANK
1818 H Street, N.W.
Washington, D.C. 20433, U.S.A.
All rights reserved
Manufactured in the United States of America
First printing July 1997
This publication is part of the World Bank Latin American and Caribbean Studies series. Although these publications do not represent World Bank policy, they are intended to be thought-provoking and worthy of discussion, and they are designed to open a dialogue to explore creative solutions to pressing problems. Comments on this paper are welcome and will be published on the LAC Home Page, which is part of the World Bank's site on the World Wide Web. Please send comments via e-mail to laffairs@worldbank.org or via post to LAC External Affairs, The World Bank, 1818 H Street, N.W., Washington, D.C. 20433, U.S.A.
The findings, interpretations, and conclusions expressed in this paper are entirely those of the author(s) and should not be attributed in any manner to the World Bank, to its affiliated organizations, or to members of its Board of Executive Directors or the countries they represent. The World Bank does not guarantee the accuracy of the data included in this publication and accepts no responsibility whatsoever for any consequence of their use. The boundaries, colors, denominations, and other information shown on any map in this volume do not imply on the part of the World Bank Group any judgment on the legal status of any territory or the endorsement or acceptance of such boundaries.
The material in this publication is copyrighted. Requests for permission to reproduce portions of it should be sent to the Office of the Publisher at the address shown in the copyright notice above. The World Bank encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. Permission to copy portions for classroom use is granted through the Copyright Clearance Center, Inc., Suite 910, 222 Rosewood Drive, Danvers, Massachusetts 01923, U.S.A.
The painting on the cover The Offering by Jonna Brasch, was provided by Art Professionals Limited in Jamaica.
Steven B. Webb is senior economist in the Country Department III, Latin America and the Caribbean Regional Office, World Bank.
This essay is based on and draws directly from Caribbean Economic Overview, a report prepared for the Caribbean Group for Cooperation in Economic Development by a team comprising Steven Webb, Lisa Da Silva, and Demetris papageorgiou. Marco Scuriatti provided research assistance, Deborah Trent assisted in the production of the report, and Elizabeth Forsyth and Marcus D. Rosenbaum helped with the editing.
Library of Congress Cataloging-in-Publication Data
Webb, Steven Benjamin, 1947
Prospects and challenges for the Caribbean / Steven B. Webb.
p. cm. (World Bank Latin American and Caribbean studies)
ISBN 0-8213-33946-X
1. Caribbean AreaEconomic conditions. 2. Caribbean Area
Economic policy. I. Title. III. Series.
HC151.W377 1997
330.9729'52dc21 97-20135
CIP
Page iii
Contents
List of Acronyms
v
Introduction
1
1
Recent Trends
3
Picture 3
Growth
4
Picture 4
Policy Reform and Growth Prospects
5
2
Nafta and the Caribbean
9
Picture 5
Trade-Preference Programs
9
Picture 6
Exports of the Caribbean Countries to the United States
11
Picture 7
Response Strategy
12
3
Foreign Capital and Aid
13
Picture 8
Country Capital Flows
16
Picture 9
Funding Sources
19
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