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The region has already proven adept at seizing on its comparative advantage by developing a thriving tourism sector, and it is now broadening the market to new visitors such as those from Asia and Eastern Europe. Of course, it is important that growth in tourism also benefits other sectors of the economy, and that successful transformations of the manufacturing and agriculture sectors continue.
Regional collaboration and integration will also help overcome the limitations and vulnerabilities inherent in the relatively small size of individual economies. Continued progress toward a common Caribbean market will allow small economies to pool their resources and provide local firms with access to larger markets?a key foundation for boosting efficiency and sustaining dynamic growth...
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