Distorting the Construction Market Place

It is generally agreed that many Caribbean economies are in crisis.  Economists normally view activity in the construction industry as a reliable indicator of the state of the economy.  However, the market place in which the construction industry operates is distorted to the point where it may not be an indicator that economists can confidently … Continue reading

Economic Losses From Major Hazards

Economic losses from major hurricanes are particularly shocking for the small economies of the small independent states of the Caribbean.  Damage to over 80% of houses in an island is not uncommon.  Over the past 3 decades (since 1979), natural hazards have resulted in over 300,000 deaths, over 1M severely damaged or destroyed houses, and … Continue reading