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Resilience and capital flows in the Caribbean

Author

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  • Velloso, Helvia
  • Bustillo, Inés
  • Dookeran, Winston
  • Perrotti, Daniel E.

Abstract

The economic challenges in the Caribbean can be linked in significant measure to the region’s external vulnerability. This paper looks at trends in financial flows in the context of the region’s need to strengthen its resilience. It starts by focusing on three concepts: vulnerability, fragility and resilience-building. Vulnerability is looked at as a ‘structural’ variable, dictated by geography and reinforced by economic forces. Fragility is looked at as a ‘process’ variable, a recurring feature of the workings of the institutions, underscored by a shortage of resources, and missing systems for accountability and effectiveness in delivery. Building resilience in Caribbean economies is the most challenging variable – to generate a net inflow of funds, sustain competitiveness and grow the wellbeing of their citizens on a persistent path.

Suggested Citation

  • Velloso, Helvia & Bustillo, Inés & Dookeran, Winston & Perrotti, Daniel E., 2018. "Resilience and capital flows in the Caribbean," Oficina de la CEPAL en Washington (Estudios e Investigaciones) 43420, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    • Handle: RePEc:ecr:col896:43420
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    4. Velloso, Helvia & Bustillo, Inés, 2013. "Debt financing rollercoaster: Latin American and Caribbean access to international bond markets since the debt crisis, 1982-2012," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2635 edited by Eclac, September.
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    9. Velloso, Helvia & Bustillo, Inés, 2014. "Access to international capital markets: recent developments in Central America and the Caribbean," Oficina de la CEPAL en Washington (Estudios e Investigaciones) 37855, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
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    Cited by:

    1. Abdullah Alhassan & Mary E. Burfisher & Mr. Julian T Chow & Ding Ding & Fabio Di Vittorio & Dmitriy Kovtun & Arnold McIntyre & Ms. Inci Ötker & Marika Santoro & Lulu Shui & Karim Youssef, 2020. "Is the Whole Greater than the Sum of its Parts? Strengthening Caribbean Regional Integration," IMF Working Papers 2020/008, International Monetary Fund.
    2. -, 2020. "The Caribbean Outlook: Forging a people-centred approach to sustainable development post-COVID-19," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 46192 edited by Eclac, September.
    3. Velloso, Helvia & Bustillo, Inés & Perrotti, Daniel E., 2018. "Sovereign credit ratings in Latin America and the Caribbean: Trends and impact on debt spreads," Studies and Perspectives – ECLAC Office in Washington 44336, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).

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