Caribbean Region: Review of Economic Growth and ... - USITC

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investment in the services sector, especially tourism-related construction. The Bahamian dollar is fixed tothe U.S. dollar.SourcesCaribbean Development Bank. “The Bahamas,” CDB Annual Economic Review 2006.CIA. “The World Factbook: The Bahamas.” March 6, 2008, www.cia.gov.EIU. Country Profile 2007: Bahamas. 2007, www.eiu.com.———. Country Report: Bahamas. October 2007, www.eiu.com.IMF. The Bahamas: 2007 Article IV Consultation—Staff Report. IMF Country Report No. 08/23, 2008.UNCTAD. UNCTAD Handbook of Satistics 2006-07.http://www.unctad.org/Templates/Webflyer.asp?intItemID=1397&docID=8612 (accessed February2008).U.S. Department of State. “Background Note: The Bahamas.” January 2008, www.state.gov.USITC. DataWeb (data compiled from U.S. Department of Commerce statistics). www.usitc.gov(accessed March 2008).World Bank. “Governance and Social Justice in Caribbean States: Executive Summary.” Report No.20449-LAC, June 2000.———. Data & Statistics: World Development Indicators Online.http://web.worldbank.org/WBSITE/EXTERNAL/DATASTATISTICS/0,,contentMDK:20398986~menuPK:64133163~pagePK:64133150~piPK:64133175~theSitePK:239419,00.html (accessed February–March2008).———. “Data & Statistics: Country Classification.” www.worldbank.org (accessed March 2008).WTO. Trade Profiles 2007. WTO Publications, 2007.4-22
Economic and Social Development 1BARBADOSBarbados: Selected economic development indicators2002 2003 2004 2005 2006 Middleincomeaverage,2006GDP, purchasing power parity ($ million) 4,153 4,355 4,569 4,815 5,146 298,351GDP p.c., purchasing power parity ($) 15,000 15,700 16,400 17,300 18,400 8,059Remittances (% of GDP) 4.4 4.3 3.9 4.5 na 1.5Sources: World Development Indicators; CIA World Factbook. See appendix D for sources and definitions.Note: na = “not available”; p.c. = per capita.Source: World Development Indicators; IMF, Barbados:2007 Article IV Consultation. See appendix D for sources anddefinitions.1For additional information provided by His Excellency Michael I. King, Ambassador of Barbados to the UnitedStates, see chap. 5 of this report. See chap. 2 for cross-country comparisons.4-23
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TABLE OF CONTENTSPagePreface ......
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TABLE OF CONTENTS-ContinuedChapter
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List of Frequently Used Abbreviatio
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PPPPRGFSDRSMESPSTASCTEUTIEATIFATRQU
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the Netherlands Antilles, accounted
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most influence investment in the re
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Expanding to Higher-Skill-Intensive
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Focusing on Unique Strategic Advant
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U.S.A.CubaBahamasMap of the Caribbe
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Table 1.1 Summary of CBERA preferen
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13under the same rules of origin ap
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training, orientation visits, and b
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domestic population growth pressure
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Figure 2.2 GDP, most recent year, 2
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Figure 2.3 GDP per capita, PPP, mos
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Table 2.1 Selected CBERA countries:
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Box 2.1 Mobile Telephone Industry i
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Table 2.4 Goods and services trade
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Table 2.6 U.S. merchandise imports
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aTable 2.7 Leading U.S. merchandise
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aTable 2.9 Leading U.S. merchandise
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Extent of Utilization of CBERA Pref
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Table 2.12 U.S. imports of apparel
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important trend in the region is th
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GDP in CBERA countries. When the tw
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percent of GDP; this low figure con
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firms from scrutiny, non-transparen
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and Trinidad and Tobago (the only c
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Table 2.17 World Bank IBRD and IDA
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Table 2.19 Caribbean Development Ba
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Table 2.20 Membership of covered CB
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changes specifically in U.S. policy
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Using country-level data, researche
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Reinhardt. 24 The authors find that
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CBTPA programs. Table 3.1 presents
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exports fluctuated within a range o
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promising for all countries covered
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infrastructure, macroeconomic stabi
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exporters have also been affected b
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Policies identified in the literatu
Page 94 and 95: outside of the domestic market.”
Page 96 and 97: infrastructure, the 2005 World Bank
Page 98 and 99: companies.” 99 The islands provid
Page 100 and 101: government, provide another opportu
Page 102 and 103: (CDS), was established in 1983 to p
Page 104 and 105: Policies identified in the literatu
Page 106 and 107: that, in the early 1990s, Caribbean
Page 108 and 109: policies discussed in earlier secti
Page 110 and 111: Caribbean government officials. 159
Page 112 and 113: These experiences suggest that supp
Page 114 and 115: which can generate more internation
Page 116 and 117: Dean, Judith M., and John Wainio.
Page 118 and 119: Josling, Tim. “Trade Policy in Sm
Page 120 and 121: ———. Textiles and Apparel: Ef
Page 123 and 124: CHAPTER 4Current Level of Caribbean
Page 125 and 126: ANTIGUA & BARBUDAEconomic and Socia
Page 127 and 128: has been an employer of last resort
Page 129 and 130: International Integration 4Sources:
Page 131: improve its overall financial posit
Page 134 and 135: Aruba: Selected social development
Page 136 and 137: elated services, such as conference
Page 138 and 139: SourcesCaribbean-Central American A
Page 140 and 141: The Bahamas: Selected social develo
Page 142 and 143: In addition to its beaches that cou
Page 146 and 147: Barbados: Selected social developme
Page 148 and 149: The main agricultural products are
Page 150 and 151: $418 million. The main products imp
Page 152 and 153: Belize: Selected social development
Page 154 and 155: and is one of the fastest-growing i
Page 156 and 157: Belize: Selected international inte
Page 159 and 160: BRITISH VIRGIN ISLANDSEconomic and
Page 161 and 162: Domestic EconomyBritish Virgin Isla
Page 163 and 164: Data are unavailablefrom sourceData
Page 165: USITC. DataWeb (data compiled from
Page 168 and 169: Dominica: Selected social developme
Page 170 and 171: mainland or Europe, impede developm
Page 172 and 173: Dominica: Selected international in
Page 175 and 176: Economic and Social Development 1GR
Page 177: Grenada’s ongoing poverty eradica
Page 180 and 181: As Grenada’s economy has become i
Page 183 and 184: Economic and Social Development 1GU
Page 185 and 186: income average. The government has
Page 187 and 188: International Integration 3Sources:
Page 189 and 190: Box 4.1 Bauxite Industry in Guyana:
Page 191 and 192: Economic and Social Development 1HA
Page 193 and 194: poor nutrition and inadequate acces
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International Integration 3Sources:
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Box 4.2 Apparel Industry in Haiti:
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Economic and Social Development 1JA
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Hurricane Dean caused significant d
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Source: World Development Indicator
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Box 4.4 Film Production Outsourcing
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MONTSERRATEconomic and Social Devel
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constraint to the country’s futur
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International Integration 2Source:
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CIA. “The World Factbook: Montser
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Netherlands Antilles: Selected soci
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services industry is an important s
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Netherlands is a major source of FD
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Panama: Selected social development
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The services sector contributes mor
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Panama: Selected international inte
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SourcesCaribbean-Central American A
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St. Kitts & Nevis: Selected social
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government closed the state-run sug
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St. Kitts & Nevis: Selected interna
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U.S. Department of State. “Backgr
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St. Lucia: Selected social developm
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St. Lucia’s main service industri
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St. Lucia: Selected international i
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———. St. Lucia: 2005 Article
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Vincent & the Grenadines: Selected
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3the islands’ adherence to the
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Total goods and services trade was
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TRINIDAD & TOBAGOEconomic and Socia
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development” category. Since 1990
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International Integration 5Sources:
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Trinidad and Tobago has consistentl
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Ethanol Producer Magazine. “Ethan
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He said that, in mid-2005, St. Kitt
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projects are set to come online in
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Government of Jamaica 10In testimon
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mentioned that promoting health tou
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economies have become increasingly
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Caribbean-Central American Action (
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and that CBERA benefits are limited
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She added that “a failure to full
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APPENDIX ARequest Letter from Commi
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11/07/2UU'113: 45 P'Ua uu3The Honor
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I I / V I / L U U I 15;40 P M......
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71432 Federal Register / Vol. 72, N
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71434 Federal Register / Vol. 72, N
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CALENDAR OF PUBLIC HEARINGThose lis
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ORGANIZATION AND WITNESS:Halcrow, I
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APPENDIX DCountry Profiles Tables a
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Table D.1 Country Profiles Tables a
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Table D.1-ContinuedTable or figuren
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APPENDIX EMerchandise Trade Tables
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Table E.2 Leading U.S. imports unde
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APPENDIX FDevelopment Tables
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Table F.2 Selected examples of rece
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Table F.2-ContinuedCountryPanama-Co
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