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A Time To Choose: Caribbean Development in the 21st Century

The World Bank frequently produces reports on the development challenges faced by different regions of the world, and one of its more recent reports offers a critical appraisal of the situation in the Caribbean. The report itself is 303 pages, and for visitors who are pressed for time, an executive summary is provided on the site. In brief, the report suggest that the region needs to "move beyond decades of reliance on traditional markets and trade preferences to swiftly adapt to diversify into new sources of growth, exploiting its natural advantages of location, environment, political stability and democratic traditions." The report also notes that a number of small economies (such as Ireland's) have been able to do so in recent decades, so that the framework for such developments may also be present in the Caribbean. The report also notes that there are several potentially disturbing trends emerging in the Caribbean, including increased unemployment and falling productivity as of late. Along with the full text of the report, this site also contains an interview with Caroline Anstey, who is the World Bank Director for the Caribbean.
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Date of Scout Publication
June 10th, 2005
Date Of Record Creation
June 9th, 2005 at 3:49pm
Date Of Record Release
July 11th, 2005 at 11:48am
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