An Assessment of International Competitiveness in CARICOM Services Exports

What is it about?

CARICOM countries have determined that the export of services is the platform for future development of their economies in light of the loss of preferences for their traditional agricultural exports. This paper aims to determine if services can indeed fulfill this objective for the region within the context of international export competitiveness. It addressed the following questions: Which services exports in CARICOM countries are globally competitive; what is the degree of diversification in services exports; and what is the extent of export similarity in services in CARICOM.

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Why is it important?

Unlike traded agriculture and manufactured commodities, there have been no empirical studies on the export performance in services with reference to the CARICOM sub-region.