Building seawalls. Photo: Lauren Day/World Bank The first ever meeting of the Heads of Procurement of the Organization of Eastern Caribbean States (OECS) took place on June 20-21 in Barbados with…

Shaun Moss |

It has been almost four years since I first became involved with the regional public-private dialogue initiative, the Caribbean Growth Forum (CGF). In June 2012, I walked into the conference room…

Israel Mallett |

Understanding macroeconomic volatility part 3Read parts 1 & 2
There’s good evidence that a country’s level of financial development affects the impact of volatility on economic growth,…

Francisco G. Carneiro, Ha Minh Nguyen, Rei Odawara |

Understanding Macroeconomic Volatility: Part 2 The fact is that a government can soften a recession by increasing spending (the counter-cyclical approach) to raise demand and output. If government…

Francisco G. Carneiro, Ha Minh Nguyen, Rei Odawara |

Volatility in financial markets gets wide attention in the public eye. Less noticed is what we in the development world call macroeconomic volatility—faster-than-desired swings in the broad forces…

Francisco G. Carneiro, Ha Minh Nguyen, Rei Odawara |

In the late 1950s, a group of businessmen and politicians on the outskirts of a small town in western Ireland realized their local airport was in jeopardy of losing its international flights.…

Douglas Zhihua Zeng 曾智华 |

在20世纪50年代末,一群在爱尔兰西部一个小城镇郊区的商人和官员们意识到当地机场正面临着失去国际航班的危机。他们深知中转旅客和航空公司对于当地经济的重要性,于是批准了一份在机场附近建立特殊工业区的提案–世界上最早的现代自由贸易区就这样在爱尔兰的香农地区(Shannon)成立了。今天,这一概念已走向世界,据国际劳工组织估计,全球有4300多个不同类型的产业园区。笔者估计实际数目还要高。  …

Miles McKenna |