economy

Building an Internet Economy in the Caribbean

 By Gerard BestCJ Contributor PORT OF SPAIN — A group of global and regional technology organizations are partnering to help Caribbean professionals get more out of the Internet economy. The Internet Corporation for Assigned Names and Numbers (ICANN) spearheaded the launch …

Why the Caribbean Needs to Strengthen Its Internet Infrastructure

 By GERARD BESTCJ Contributor PHILIPSBURG, St Maarten—The Caribbean will have to strengthen its Internet infrastructure if it is to keep pace with the world’s growing digital economy. That’s the view held by Bevil Wooding, an Internet Strategist with US-based non-profit …

What Sharks Mean to the Bahamian Economy

 Protecting sharks isn’t just good for the environment – it’s good for a country’s bottom line, too. That’s the finding of a new study by The Cape Eleuthera Institute, which reports that shark and ray tourism brought almost $114 million …

LATEST NEWS

 The Caribbean’s smallest country has one of its fastest-growing economies, according to new projections from the United Nations Economic Commission for Latin America and the Caribbean. The twin-island country is projected to see GDP growth of 5.1 percent this year, …

 By Dennis ChungCJ Contributor The Jamaica Labour Party’s slogan, “Poverty to Prosperity”, was very catchy and seemed to have been embraced by enough people for them to win the elections. Now that the election is over, we certainly as a …

 “We are Jamaica’s problem” By Dennis ChungCJ Contributor I was sitting down to write this article on election day (February 25), after watching the lead-up to the election and the commentary from not only politicians but also us the citizens …

 Looking ahead By Dennis ChungCJ Contributor In 1961, when Jamaica voted by referendum to withdraw from the West Indies Federation, Dr Eric Williams, then Premier of Trinidad and Tobago, said “one from ten leaves nought”. This statement can be interpreted …

 What’s the fastest-growing economy in the Caribbean region? Right now, it’s the Dominican Republic, which saw GDP growth of 6.6 percent in 2015, the highest rate in the region, according to new data from the United Nations Economic Commission for …

 By Dana NilandCJ Contributor The Turks and Caicos Islands is projected to have some of the region’s highest GDP growth in the coming years, according to data from its Strategic Policy and Planning Department. Future projections suggest that economic growth …

 A new approach By Dennis ChungCJ Contributor The World Bank recently released a paper called “Jamaica Economic Update Fall 2015”, in which it gave an update on the Jamaican economy and spoke to the necessity to achieve higher levels of …

 Exploring the Cuba opportunity By Dana NilandCJ Contributor International and local experts in the investment and trade fields came together to discuss opportunities, challenges, and procedures for business in Cuba at the Cuba Demystified business forum in Jamaica. JAMPRO (Jamaica’s …

 A recipe for sustainable expansion By Dennis ChungCJ Contributor The Planning Institute of Jamaica has reported good news that the economy is estimated to have grown by 1.5 per cent for the July to September 2015 quarter. Of note is …

 The growth question By Dennis ChungCJ Contributor In my last article, I asked the question why is growth so elusive to Jamaica and identified some of the challenges that restrict our ability to grow. These are not new and have …

 By the Caribbean Journal staff Barbados needs to appreciate the value of its international business sector, according to the country’s Prime Minister. And Prime Minister Freundel Stuart is warning against undervaluing the country’s international business sector, saying that it “continues …

 Quantifying the impact of cruise tourism By the Caribbean Journal staff How much does cruise tourism impact the Caribbean economy? Something in the amount of $3.16 billion, according to Business Research and Economic Advisors, which launched its analysis of spending …

 How can Haiti grow — and grow in a different way? By Dana NilandCJ Contributor A new report from the World Bank Group has outlined key opportunities and constraints to faster sustainable and inclusive growth in Haiti. The report cites the nation’s …

 Economy grows in early 2015 By Dana NilandCJ Contributor The Cayman Islands economy experienced a 1.4 percent growth in the first quarter, according to a report by the Economics and Statistics Office. A number of sectors contributed to the GDP …

 And why it needs more prominence By Hugh Riley The emergence of the travel and tourism sector in the Caribbean coincided with a move away from complete reliance on agriculture as the primary money earner. The decline of bananas, sugar, …