Are Caribbean Institutions hindering economic development?

Are Caribbean Institutions fostering economic development? 

An in-depth look at the impact of institutions in six Caribbean states, with a focus on how they support economic development and the well-being of the Caribbean’s people.

Nurturing Institutions for a Resilient Caribbean

“Nurturing Institutions for a Resilient Caribbean”:

  • Focuses on the Caribbean region’s institutions related to the rule of law (property rights, the judiciary, and the police), political and economic institutions (governance, central banks, and fiscal management) and institutions associated with the development of human capital (education and health).
  • Emphasizes that political and economic institutions can play a significant role in limiting the incidence of several of those factors that can negatively affect economic growth and social development.
  • Offers practical lessons on how Caribbean countries can build resilience to uncontrollable exogenous factors, such as natural disasters.

It is vital that we work each day to ensure that our institutions continue to play their role without themselves becoming obsessively distracted with their own sustainability at the expense of achieving their core mission. Mia Mottley, Prime Minister of Barbados

This book is a wonderful starting point for anybody interested in understanding the economic problems of the Caribbean and how broad-based prosperity can be built in the region. Daron Acemoglu, Massachusetts Institute of Technology; coauthor, Why Nations Fail: The Origins of Power, Prosperity, and Poverty

The Caribbean is a story of remarkable successes and frustrating failures and this fascinating book shows that there is so much we can learn from a rich set of natural experiments. James A. Robinson, University of Chicago; coauthor, Why Nations Fail: The Origins of Power, Prosperity, and Poverty 

Though focused on the Caribbean the book is a timely reminder to all developing countries that institutions matter for sustained growth and stability. Ewart Williams, Former Governor of the Central Bank of Trinidad and Tobago 

This excellent volume brings together a group of prominent scholars and practitioners to analyze how institutions have affected development in six Caribbean nations. Jeffry Frieden, Harvard University; author, Currency Politics: The Political Economy of Exchange Rate Policy

This book offers new strategies that address the development challenges of the Caribbean and makes a fundamental contribution to our understanding of the role of institutions in development. Philip Keefer, Inter-American Development Bank  

You can also download our publication directly from here.