Caribbean Development: Past and Future

Abstract

This study analyses the Caribbean’s development experience over the period 1980-2013 and discusses policy implications for the Caribbean economy going forward. It contends that transformative shifts in policy, practices and institutions are required to deliver a new development paradigm. Specifically, it finds that the following are key imperatives to securing stronger more inclusive and sustainable development in the future: (i) improving fiscal governance and strengthening supporting institutions; (ii) diversifying strategically; (iii) enhancing productivity and competitiveness; (iv) depoliticising development; (v) strengthening social and environmental security; and (v) shifting mindsets away from limitations towards opportunities and possibilities.

Keywords: Economic development, Caribbean.