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Extra resources for Caribbean Region: Current Economic Situation, Regional Issues and Capital Flows, 1992 (World Bank Studies)

Example text

Lucia, St. Kitts and Nevis, and Jamaica, which are significantly dependent on tourism and maintained or improved their international competitiveness, are able to achieve relatively higher real GDP growth rates during 198990. 5 below).

5 In general, the Caribbean countries demonstrated significant resilience and adaptability in coping with changing external circumstances. Several favorable external factors influenced their export and output performance during 198991. 3 Domestic and External Balances, 198090 Source: World Bank staff estimates. currencies of the major US trading partners, and the fall in real international interest rates. The fall in the US dollar particularly benefitted those countries with preferential trade agreements in sugar (Barbados, Belize, Guyana, Dominican Republic, Haiti, Jamaica, St.

Cm.  Series. 9729'052dc20 93-19951 CIP Page iii This report was written by José B. Sokol (Lead Economist--task manager). The following Bank staff members contributed to its preparation: Axel Peuker, Usamah Dabbagh, Dawn Elvis, Carmen Scoseria, Hermann von Gersdorff, Ginger Reich, Graeme Thompson and Hilarian Codippily. The following consultants also contributed to its preparation: Raj Nallari, Alasdair Sinclair, and Coby Frimpong. A number of Bank staff provided valuable comments. Sidney Chernick and Rafael Moscote made important suggestions.

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