Publication: Organization of Eastern Caribbean States Systematic Regional Diagnostic
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Published
2018-06-27
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Date
2018-07-19
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Abstract
Eastern Caribbean countries are among the region’s top performers in per capita income, poverty reduction, access to services, and gender inclusion, despite the constraints imposed by their small size. Geography and economic specialization make them vulnerable to external shocks, contributing to low and volatile GDP growth since 2000. High debt, limited job opportunities, and climate change present important development challenges for OECS countries. Strengthening their resilience to shocks is a prerequisite for poverty reduction, inclusive growth, and sustainability. The natural capital of the oceans provides opportunities for OECS countries to embed growth in the “blue economy.” Realizing these opportunities will require harnessing human capital, embracing new technologies, and continued regional cooperation.
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Citation
“World Bank Group. 2018. Organization of Eastern Caribbean States Systematic Regional Diagnostic. © World Bank. http://hdl.handle.net/10986/30054 License: CC BY 3.0 IGO.”