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Achieving a Resilient Future for Small States

Caribbean 2050

image of Achieving a Resilient Future for Small States

The Caribbean faces numerous economic, social and environmental challenges, with current projections predicting the road ahead to be filled with low levels of growth, high debt and low resilience.



In Achieving a Resilient Future for Small States: Caribbean 2050, the contributors set out a long-term, research-based strategy for avoiding these projections, recommending a number of policy interventions aimed at building the region’s resilience and development prospects.



Written by influential analysts and researchers and drawing on a wide cross-section of regional stakeholders and thought leaders, the study contains an assessment of the main challenges and opportunities for the region, scenario modelling of where the region could be by 2050, and a broad vision for the region with sector specific goals of how to get there.

English

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Private Sector Development and Innovation: Towards a More Prosperous Caribbean

Envisioning a creative and enterprising private sector for sustainable innovation, inclusiveness and competitiveness seems challenging and almost enigmatic for the Caribbean, particularly in the light of weakening institutional conditions, persistent ecological vulnerabilities, enduring inequalities and stagnating economic development for well over a decade. The Caribbean’s vulnerability, however, originates not from episodic external events, but – more importantly and persistently – from idiosyncratic internal inertias. Challenging and changing this status quo in small states will require nothing less than a paradigmatic shift and systemic transformation to build resilience based on the needs of a sustainable future rather than accepting or reacting to a multiplex of challenging institutional and market conditions by means of traditional interventions. In essence, the Caribbean will need to innovate its way out – led by the private sector in partnership with public institutions and regional agencies.

English

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