Policies for Achieving Structural Transformation in the Caribbean: Private Sector Development Discussion Paper #2

The purpose of this paper is to apply new methodologies to analyze the history of and future opportunities for structural transformation in the Caribbean. We first look at the composition of exports from the Caribbean, and show that the region is specialized in relatively unsophisticated, "poor-country" export products, and this is not simply a consequence of their small size or specialization in tourism and financial services.