Reports on an empirical investigation into how small, family-owned businesses in Jamaica raise financing for business start-up and business growth. Access to finance has been one of the most critical issues affecting the growth and survival of these firms in the Jamaican economy but very little empirical work has been done in this area. This study uses survey data collected from over 250 family-owned enterprises from all the industrial sectors in the economy and analyzed, using multivariate statistical techniques. The results revealed that internal sources of financing are usually used to finance business start-up while external sources are used to finance business growth.
It may also have helped English-speaking migrants from the Caribbean that Florida served as a broad entry point for Caribbean migrants from Cuba, Haiti, and other countries: Where an area has a strong tradition of immigration, prevailing social attitudes are not likely to be as parochial as those in traditionally closed communities. Again, this is not to minimize the difficulties that particular migrants have faced; it is to acknowledge the fairly obvious point that some communities are less impenetrable for outsiders than others. A recent study by the British Cabinet Office has found that Caribbean women constitute a significant success story at the professional level. Specifically, for the generation born between 1940 and 1959, as many as 45 percent of the black women from the Caribbean, or who are of Caribbean heritage, now hold professional or managerial jobs, as against 27.3 percent of the black men in the same category. For the generation born between 1960 and 1979, 38.1 percent of the black women with Caribbean roots are professionals or managers, in comparison with 28.6 percent of the black men. These figures warn us that gender is now a significant factor in determining the prospects of Caribbean migrants to Britain, and they highlight the need for a broader examination of the factors that determine success for those who, in Claude McKay's words, may find themselves "a long way from home."
Argues that China has gained influence in multilateral institutions, prompting them toward greater acceptance of public spending in developing countries and that recent developments in Cuba show that China is actively encouraging the Western hemisphere's only communist country to liberalize its economy. China sits at the crossroads of these local and global developments, prompting Cuba toward rapprochement with international norms even as it works to reform them.
83 p., Conditional Cash Transfer (CCT) programs have become the main social assistance interventions in Latin America and the Caribbean (LAC), reaching 129 million individuals in 18 countries in 2010. Programs shared key characteristics such as the payment of cash grants and the incorporation of co-responsibilities, but varied greatly in terms of coverage, infrastructure, routines, and even objectives. In this study, we analyze the experience of six countries (Brazil, Colombia, Honduras, Jamaica, Mexico and Peru) and attempt to identify important lessons for countries that have recently started or that are currently considering the introduction of a CCT.
Burger,John (Author), Rebucci,Alessandro (Author), Warnock,Francis E. (Author), and Warnock,Veronica (Author)
Format:
Pamphlet
Publication Date:
May 2010
Published:
Washington, DC: Inter-American Development Bank
Location:
African American Research Center, Library, University of Illinois at Urbana-Champaign
Notes:
39 p., This paper assesses the extent to which a country's external capital structure can aid in mitigating the macroeconomic impact of oil price shocks. Two Caribbean economies highly vulnerable to oil price shocks are considered: an oil importer (Jamaica) and an oil exporter (Trinidad and Tobago). From a risk-sharing perspective, a desirable external capital structure is one that, through international capital gains and losses, helps offset responses of the current account balance to external shocks. It is found that both countries could alter their international portfolio to provide a better buffer against such shocks.
Organisation for Economic Co-operation and Development/Organisation de Cooperation et de Developpement Economiques
Location:
African American Research Center, Library, University of Illinois at Urbana-Champaign
Notes:
164 p., Even in the midst of a global financial crisis, Latin American and Caribbean economies find themselves in better condition than in years past. Latin America must seize this opportunity to design and implement good public policies. The greatest of the long-term objectives of Latin American states remains development: economic growth and structural change that is rapid, sustainable and inclusive. In particular, governments must reduce inequalities in income, public-service delivery and opportunities, as well as promote the diversification of economies, often concentrated on a few primary-product exports. Improved efficiency of public administration is crucial to address both the short-term and long-term dimensions of these challenges. The real change, however, will come if Latin American and Caribbean states carry out meaningful fiscal reforms, making them not only more efficient but also more effective.
Constructs a monetary policy indicator from monetary policy documents and the actions of the Bank of Jamaica and Ministry of Finance and Economic Planning, and uses it to estimate four variants of an analytical narrative-vector error correction model.
