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This book sets out the economic challenges facing the island nations of the Caribbean and presents policy options to ameliorate external shocks and embark firmly on a sustained growth path. While the countries of the Eastern Caribbean Currency Union that are the focus of the book have enjoyed a sustained period of price and exchange rate stability, they have been buffeted in recent years by adverse shocks, including the erosion of trade preferences, declines in official foreign assistance, and frequent natural disasters. Strengthening their growth performance will require design of a multifaceted strategy that integrates the Caribbean with the global economy, facilitates an economic transformation from agriculture to tourism, fosters greater regional cooperation, and preserves macroeconomic stability. This volume examines the critical issues that are part of that process, including fiscal and financial sector policy, management of external flows, trade integration and tourism, macroeconomic cycles and volatility, and the economic implications of natural disasters.

331.30 --- CAR / Caribbean Countries - Antillen - Antilles --- Fiscal policy --- -Business cycles --- -Natural disasters --- -Tourism --- -Brain drain --- -330.9729 --- Emigration and immigration --- Holiday industry --- Operators, Tour (Industry) --- Tour operators (Industry) --- Tourism --- Tourism industry --- Tourism operators (Industry) --- Tourist industry --- Tourist trade --- Tourist traffic --- Travel industry --- Visitor industry --- Service industries --- National tourism organizations --- Travel --- Natural calamities --- Disasters --- Economic cycles --- Economic fluctuations --- Cycles --- Financial crises --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Economische toestand. --- Economic aspects --- -Economic aspects --- Government policy --- Eastern Caribbean Currency Union. --- ECCU --- Caribbean Area --- -Caribbean Free Trade Association countries --- Caribbean Region --- Caribbean Sea Region --- West Indies Region --- Economic conditions --- Brain drain -- Caribbean Area. --- Business cycles -- Caribbean Area. --- Caribbean Area -- Economic conditions. --- Fiscal policy -- Caribbean Area. --- Natural disasters -- Economic aspects -- Caribbean Area. --- Tourism -- Caribbean Area. --- Business cycles --- Natural disasters --- Brain drain --- Economic History --- Business & Economics --- -Eastern Caribbean Currency Union. --- -Economic conditions --- Economic conditions. --- 330.9729 --- Economische toestand --- E-books --- Exports and Imports --- Foreign Exchange --- Macroeconomics --- Public Finance --- Natural Disasters --- Climate --- Natural Disasters and Their Management --- Global Warming --- Fiscal Policy --- Taxation, Subsidies, and Revenue: General --- International Migration --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Public finance & taxation --- Currency --- Foreign exchange --- Migration, immigration & emigration --- International economics --- Tax incentives --- Migration --- Fiscal stance --- Public debt --- Environment --- Population and demographics --- Exchange rate arrangements --- Debts, Public --- Antigua and Barbuda