Launch of the CARSEA Report

The CARSEA Report — Caribbean Sea Ecosystem Assessment — was launched at the St Augustine Campus of the UWI on November 1, 2007. The Report, whose project leaders were Dr. John Agard of the UWI and Mrs. Angela Cropper of the Cropper Foundation, is one of several sub-global assessments conducted as part of the Millennium [...]

Reflections on the Treatment of Asymmetries

Panel at the Caribbean Deveopment Bank Annual Meeting held in Caracas, June 20-22, 2007.

The treatment of asymmetries is one of the most urgent challenges facing regional cooperation in Latin America and
Caribbean. Most integration schemes in the region contain provisions that take account of inter-country asymmetries but that these have failed to produce the  desired results. Income [...]

Size and Trade Tax Dependence

   Comment on paper on ‘Fiscal Reform and Compensatory Mechanisms’, by Joaquim Bento de Souza Ferreira Filho; PEP-IDB Policy Forum on Trade and Poverty; Lima, Peru, June 11, 2007.
My comments are set against the recurrent theme of heterogeneity among developing economies. The particular aspect that concerns me is heterogeneity of size. …
The fall in total [...]

Lessons of Cricket World Cup 2007

Published in the Sunday Guardian (Trinidad), April 14, 2007; p.12
CWC 2007 is a salutary lesson to the Caribbean on dealing with globalisation. Hosting of the tournament provided an excellent opportunity to showcase the region and develop non-traditional tourism markets. But it is turning out to be a financial and public relations disaster. The blame [...]

Lloyd Best, LNG and Jamaica-T&T Relations

Published in the Sunday Guardian (Trinidad) April 10, 2007
In this week’s column I propose to review four items that appeared in the Jamaican press
in the week of March 25-30, and their coverage in the T&T press in the same week. I use
this to make some observations on relations between the two countries and within
Caricom….
lloyd-best-lng-and-jamaica-tt-relations.pdf

Comment on ‘The Jamaican Economy since Independence’ by the Jamaica Responsibility Project

My first observation is that there is very little that is new in this document, either by way of diagnosis or of prescription. It attributes Jamaica’s economic problems principally to the effects of violence, the debt burden and an inadequate education system; which is hardly a discovery. Its policy proposals consist mostly of broad generalizations [...]

Development Enhancing Measures for the Cariforum-EU EPA

Prepared for the Caribbean Regional Negotiating Machinery (CRNM), November 2006
Development-enhancing measures negotiated as part of the Cariforum-EU Economic Partnership Agreement (EPA) should be in support of an agreed regional development strategy.  Specific measures may include assistance for technical work on common policy regimes and support measures for growth industries, enhanced market access within the EU for [...]

Launch of Kari Polanyi Levitt’s ‘Reclaiming Development: Independent Thought and Caribbean Community’

30 years ago, economics in the Caribbean was much more interesting than it is today. It was concerned with matters like growth and transformation, distribution and equity, local control and participation, industrialization and agricultural development. Mathematical formalisation and econometric testing were not ‘dissed’, but it was accepted that they needed to be grounded in the [...]

Regional cooperation and security

It has been said that terrorism is the “the weapon of the weak”—an instrument that is used against an adversary with an overwhelming preponderance of conventional military power. If that is so, then security may be said to be “the preoccupation of the strong”—it reflects the need of the dominant power or powers to maintain [...]

The urgency of building alternative development strategies—A Caribbean

Remarks at IFD Panel – International Forum on Development, New York, October 2005
In the Caribbean we have had various economic theories and strategies of development. In fact we could say that Caribbean society was created by a theory – the theory of Mercantilism in the 17th and 18th centuries – which gave rise to the [...]