Transcription of ECONOMIC DEVELOPMENT CHALLENGES IN THE CARIBBEAN: …
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ECONOMIC DEVELOPMENT CHALLENGES IN THE CARIBBEAN: …
ECONOMIC DEVELOPMENT CHALLENGES IN THE CARIBBEAN: LOOKING TOWARDS 2030*By Andrew S Downes PhDProfessor Emeritus of EconomicsUniversity of the West Address, COTE Conference, October 10, 2018, UWI St OF THE PRESENTATION Introductory Statement The Nature of ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENT Experience in the Caribbean ECONOMIC DEVELOPMENT Planning and the Sustainable DEVELOPMENT Goals (SDGs) in the Region The Way Forward for the STATEMENT Over the last seven decades or so, the Caribbean countries have performed fairly well on the ECONOMIC and social fronts compared with other developing countries. Many of these countries have achieved an international middle income status/profile and have graduated from special DEVELOPMENT assistance.
Over the period 1980 to 2016 economic growth in the region has been characterized by the following: Declining average annual growth rates ( a general downward trend for almost all countries): 1980-89: 3.12 % 1990-99: 2.97% 2000-09: 2.30% 2010-12: 0.78% 2012-16: 0.72%
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