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Caribbean’s Global Competitiveness from a Systemic and Multifactorial Perspective for the Post-Covid-19 Period

Author

Listed:
  • Segundo Castro-Gonzáles

    (University of Puerto Rico-Río Piedras Campus)

  • Jairo A. Ayala-Godoy

    (University of Puerto Rico-Río Piedras Campus)

  • Theany Calderón-Abreu

    (University of Puerto Rico-Río Piedras Campus)

Abstract

International prestige institutions, such as The World Economic Forum, the Institute for Management Development, and the Institute for Industrial Policy Studies, produce competitiveness studies that do not include all Caribbean’s countries. Moreover, some researchers argue that these studies have limitations when applied to small economies such as Latin American countries, especially the Caribbean. This research’s objective is to perform a competitiveness analysis focused on the Greater Antilles countries which at best are included in competitiveness analysis as a group of regional countries. This pioneering research presents a regional competitiveness ranking for the Caribbean countries for the trans-Covid-19 period using as framework the Double Diamond Dual Model (DDD). The DDD is a very effective model for evaluating regional countries competitiveness indices since it permits for the determination of both overall competitiveness indices for each country and the determination of the most important factors driving their competitiveness level. The results show that among the Greater Antilles Puerto Rico enjoys a higher overall competitiveness level having better competitiveness levels in three constructs: International Physical Factors, National Human Resources, and International Human Resources. It is only surpassed by the Dominican Republic in the National Physical Factors construct.

Suggested Citation

  • Segundo Castro-Gonzáles & Jairo A. Ayala-Godoy & Theany Calderón-Abreu, 2024. "Caribbean’s Global Competitiveness from a Systemic and Multifactorial Perspective for the Post-Covid-19 Period," International Journal of Global Business and Competitiveness, Springer, vol. 19(1), pages 14-23, June.
  • Handle: RePEc:spr:ijogbc:v:19:y:2024:i:1:d:10.1007_s42943-023-00089-9
    DOI: 10.1007/s42943-023-00089-9
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    References listed on IDEAS

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    1. Castro-Gonzáles, Segundo & Peña-Vinces, Jesús C. & Guillen, Jorge, 2016. "The competitiveness of Latin-American economies: Consolidation of the double diamond theory," Economic Systems, Elsevier, vol. 40(3), pages 373-386.
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    More about this item

    Keywords

    Country competitiveness; Greater Antilles economies; Caribbean countries; Dual double diamond model;
    All these keywords.

    JEL classification:

    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • Y10 - Miscellaneous Categories - - Data: Tables and Charts - - - Data: Tables and Charts

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