Get Accelerating Trade and Integration in the Caribbean: Policy PDF

By World Bank

ISBN-10: 0821380176

ISBN-13: 9780821380178

The most target of this file is to assist policymakers within the Caribbean layout an schedule of coverage activities to speed up exchange integration and development, and to lessen poverty. every one a part of the document makes a speciality of a key query and gives an in-depth research of the problems raised, laying the rules for coverage techniques defined within the final bankruptcy of the record. half I asks no matter if the Caribbean's financial and alternate approach are sound adequate to maintain the recent period of its worldwide exchange relatives. half II addresses the possibilities and demanding situations that the recent exchange setting bargains to the Caribbean. half III assesses the effect of the recently-negotiated monetary Partnership contract on development and poverty aid utilizing different types of macroeconomic types. The document concludes with coverage priorities for accelerating Caribbean integration into the realm economic climate and for reaping the advantages of worldwide pageant.

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Additional info for Accelerating Trade and Integration in the Caribbean: Policy Options for Sustained Growth, Job Creation, and Poverty Reduction (World Bank Country Study)

Example text

The expansion in labor demand leads to a significant drop in unemployment as well after 2009. Poverty falls throughout the simulation period, by more than one percentage point between 2010 and 2013, and the composite human development indicator improves eventually by about 4 percentage points (see Table 8 below and for more details Chapter 6). qxd:WB_CaribeTradeCS FM xlii 6/16/09 4:00 PM Page xlii Executive Summary Table 7. 96 Source: Bank staff and IDS. effects associated with large inflows of foreign aid: real exchange rate appreciation (Dutch Disease) and disincentive effect on tax collection (moral hazard).

It is worth noting that there is not a unique way to divide the CSME implementation agenda. For instance, a recent needs assessment for CARICOM commissioned by the CARICOM Secretariat divides the CSME implementation agenda into four areas: (i) the institutional and legal framework; (ii) market access; (iii) sectoral development policies; and (iv) macroeconomic framework. See Brewster, 2003. 11. The CARICOM Treaty only requires that individual member states which have negotiated bilateral trade agreements with third countries seek approval of the relevant CARICOM Ministerial Council.

Third, after years of mixed performance, regional integration in the Caribbean is at the crossroads. The CSME could bring a new impetus to regional integration in CARIFORUM and be the engine for a strategy for higher growth and poverty reduction. Fourth, the findings and policy recommendations of the report would help the policymakers of the region to determine the next generation of trade reforms in the CARIFORUM. The report provides an overview of the economic and trade system context of the Caribbean, under which the new trade environment is operating.

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Accelerating Trade and Integration in the Caribbean: Policy Options for Sustained Growth, Job Creation, and Poverty Reduction (World Bank Country Study) by World Bank


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