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Mr. A. Salehizadeh, Mr. Peter Berezin, and Mr. Elcior Santana
It is typically assumed that countries in the Caribbean suffer from a lack of output and export diversification. Contrary to this popular perception, we find no evidence that output variability is higher in Caribbean countries than in larger, more diversified, developing economies. In addition, we find no evidence that export earnings are more volatile in the Caribbean economies than elsewhere. In fact, export earnings are quite stable in the Caribbean, reflecting the fact the region is rather unique in that most of its export earnings are generated from service exports, which tend to be considerably less volatile than goods exports.
Mr. Peter Berezin, Ali Salehizadeh, and Mr. Elcior Santana

outsourced operations of international companies include a high level of literacy, geographic proximity, use of the English language, similar time zones to the United States, and stable political and social institutions. Consequently, many U.S. firms have targeted the region as a potential destination for investment. Jamaica and Barbados have had success in attracting informatics firms. Jamaica has the largest informatics sector in the region, with a dedicated informatics park. 49 Barbados has also managed to attract a large number of information processing companies

International Monetary Fund

zones to the U.S., and stable political and social institutions. Consequently, many U.S. firms have targeted the region as a potential destination for investment. Jamaica and Barbados have had success in attracting informatics firms. Jamaica has the largest informatics sector in the region, with a dedicated informatics park. 9 Barbados has also managed to attract a large number of information processing companies related to health insurance claims processing and software development. 16. Table 3.4 shows developments in the information technology industry in

International Monetary Fund
This Selected Issues paper on St. Lucia examines challenges facing the Windward Islands banana industry with a focus on the socioeconomic impact and production recovery strategies. The paper focuses on St. Luciathe—region’s largest producer and most populous island. It reviews recent developments in the tourist industry in St. Lucia and its growth potential over the medium term, in an increasingly competitive global tourism market. An overview of developments in the tourist industry in St. Lucia during the 1990s is also presented.