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This paper focuses on the independent states that are full members of the Caribbean Community. It provides background information on recent developments in the Caribbean region and lays out the principal policy issues that countries will need to address in the period ahead. The Caribbean countries face several common problems and must deal with similar economic policy issues. Consequently, concentrating on the regional perspective permits a comparison of the individual responses to similar problems. The regional view throws light on the countries' movement toward convergence. The economic prospects for the region are generally satisfactory over the medium term, but the projections depend importantly on the resolve of governments to pursue appropriate policies, as well as favorable developments in the rest of the world. The relatively favorable outlook for the region is not without risks, such as a slowdown in growth in the major trading partner countries or a term of trade shock.
Economic conditions. Economic development --- International finance --- International economic relations --- Caribbean Area --- Economic conditions --- Economic policy --- economie --- ontwikkelingsbeleid --- 338 <8> --- amerique latine --- developpement economique --- politique economique --- Free trade --- -Fiscal policy --- -Monetary policy --- -Foreign exchange rates --- -330.05 --- 330.9729 --- Exchange rates --- Fixed exchange rates --- Flexible exchange rates --- Floating exchange rates --- Fluctuating exchange rates --- Foreign exchange --- Rates of exchange --- Monetary management --- Currency boards --- Money supply --- Tax policy --- Taxation --- Finance, Public --- Free trade and protection --- Trade, Free --- Trade liberalization --- International trade --- Economische situatie. Economische structuur van bepaalde landen en gebieden. Economische geografie. Economische produktie.economische produkten. Economische diensten--Zuid-Amerika --- latijns amerika --- economische ontwikkeling --- economisch beleid --- Rates --- Government policy --- -Caribbean Area --- -Caribbean Free Trade Association countries --- Caribbean Region --- Caribbean Sea Region --- West Indies Region --- Commerce --- -Economic integration --- Economic policy. --- -Commerce --- 338 <8> Economische situatie. Economische structuur van bepaalde landen en gebieden. Economische geografie. Economische produktie.economische produkten. Economische diensten--Zuid-Amerika --- 330.05 --- Caribbean area --- Caribische Staten --- Caribbean Area - Economic conditions - 1945 --- -Caribbean Area - Economic policy --- Exports and Imports --- Inflation --- Investments: General --- Macroeconomics --- International Economics --- Trade: General --- Trade Policy --- International Trade Organizations --- Public Enterprises --- Public-Private Enterprises --- Price Level --- Deflation --- General Financial Markets: General (includes Measurement and Data) --- International economics --- Civil service & public sector --- Public finance & taxation --- International trade & commerce --- Exports --- Imports --- Public sector --- Trade facilitation --- Economic sectors --- Revenue administration --- Prices --- Customs administration --- Trinidad and Tobago
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