economy

Jamaica Makes Call for Sustainable “Ocean Economy”

Op-Ed: A New Beginning for Puerto Rico

By Ricardo Álvarez-Díaz Two years ago last month, Hurricane Maria ravaged Puerto Rico, ultimately taking more than 3,000 lives. It also exposed the structural vulnerabilities of existing buildings, and further exacerbated the already painful impact of a more than decade-long …

Op-Ed: The Future of Dominican Republic Tourism

By Carlos Castillo Consul General of the Dominican Republic in New York Tourism and hospitality have become synonymous in the Dominican Republic. They are the mainstay of the economy, and a tremendous source of pride within our culture. New York …

Another Solid Year For Bermuda Tourism

By Dana Niland CJ Contributor Bermuda tourism is as strong as it has been in years, according to new data from the Bermuda Tourism Authority. The island saw an 11.7 percent increase in leisure air arrivals in 2018, with a …

Building an Internet Economy in the Caribbean

By Gerard Best CJ 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 …

Why the Caribbean Needs to Strengthen Its Internet Infrastructure

By GERARD BEST CJ 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 …

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 …

St Kitts and Nevis’ Economy Is Booming

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, …

The Road to Prosperity in Jamaica

By Dennis Chung CJ 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 …

Choosing Jamaica’s Future

“We are Jamaica’s problem” By Dennis Chung CJ 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 …

What’s Next for Jamaica’s Economy

Looking ahead By Dennis Chung CJ 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 …

The Caribbean’s Fastest-Growing Economy

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 …

Turks and Caicos Projecting Strong GDP Growth

By Dana Niland CJ 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 …

Foundations for Prosperity in Jamaica

A new approach By Dennis Chung CJ 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 …

In Jamaica, Demystifying Cuba

Exploring the Cuba opportunity By Dana Niland CJ 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 …

What Jamaica Needs for Sustainable Growth

A recipe for sustainable expansion By Dennis Chung CJ 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 …

What’s Restricting Growth in Jamaica

The growth question By Dennis Chung CJ 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 …

What International Business Means to Barbados’ Economy

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 …

How Much Money Does the Cruise Industry Contribute to the Caribbean Economy?

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 …