Caribbean Special Report: Castles Made of Sand

Caribbean Special Report: Castles Made of Sand

Caribbean

by Julio Urdaneta Small, dispersed and plagued with structural problems, the Caribbean is anxious to gain critical mass in world markets. Although some progress has been made, lack of common perspective and deep structural differences between member states mar ambitions of economic unity. “While commitments have been made, the different political structure of the member countries and the disparities of income and quality of life remain the main challenges for integration,” says Olga Kalinina, Caribbean analyst at S&P. Countries like Jamaica, which carries a ball and chain of elevated debt, violence and inflation, contrast with dynamic economies like Trinidad and Tobago, which is b

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