The IDB publication; "Is there a Caribbean Sclerosis?" provides a comprehensive comparison between the Caribbean and ROSE with respect to the limitations of Caribbean economies and the reasons for the comparatively subdued growth rates. The discussion begins with the implications of the size constraint and whether it is a major determinant of stagnated growth within the Caribbean. After determining that size is not a binding constraint, the authors examine those characteristics that impede Caribbean performance relative to other small open economies. The last chapters offer a wide range of policy options that may aid the resumption of regional growth.
Book Review by Nichelle Yearwood-Is there A Caribbean Sclerosis Stagnating Economic Growth in the Caribbean, by Inder Ruprah, Karl Melgarejo, Ricardo Sierra, Inter-American Development Bank, 2014.pdf