TY - BOOK ID - 84541388 TI - The Challenge of Diversification in the Caribbean AU - Salehizadeh, A. AU - Berezin, Peter. AU - Santana, Elcior. PY - 2002 SN - 1462318568 1451998473 1282109405 1451905335 9786613802293 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Investments: Commodities KW - Exports and Imports KW - Macroeconomics KW - Economic Development, Innovation, Technological Change, and Growth: General KW - Economywide Country Studies: Latin America KW - Caribbean KW - Macroeconomics: Consumption KW - Saving KW - Wealth KW - Education: General KW - Trade: General KW - Aggregate Factor Income Distribution KW - Agriculture: General KW - Education KW - International economics KW - Investment & securities KW - Consumption KW - Export earnings KW - Income KW - Agricultural commodities KW - National accounts KW - International trade KW - Commodities KW - Economics KW - Exports KW - Farm produce KW - Trinidad and Tobago UR - https://www.unicat.be/uniCat?func=search&query=sysid:84541388 AB - It is typically assumed that countries in the Caribbean suffer from a lack of output and export diversification. Contrary to this popular perception, we find no evidence that output variability is higher in Caribbean countries than in larger, more diversified, developing economies. In addition, we find no evidence that export earnings are more volatile in the Caribbean economies than elsewhere. In fact, export earnings are quite stable in the Caribbean, reflecting the fact the region is rather unique in that most of its export earnings are generated from service exports, which tend to be considerably less volatile than goods exports. ER -