Benchmarking FDI Competitiveness in Caribbean Countries
With business climates of countries constantly changing, and investors seeking more profitable locations for their investment, it is increasingly important to provide prospective foreign investors accurate and up-to-date information about the business operating environment in a timely fashion. Snapshot Caribbean, using benchmarking techniques commonly employed by companies seeking a new global investment location, provides a glimpse into the cost and quality factors that a number of current investors in the Caribbean experience.
Presented in Snapshot Caribbean are investment costs such as: real estate, utility, transport, labor costs, and quality conditions such as: business climate, political stability, quality of utilities and infrastructure, and availability of labor. These indicators were acquired through desktop research and close to 60 interviews with investors currently operating in the Export Services, Food Processing and Tourism sectors. The countries involved in this report include: Belize, the Dominican Republic, Jamaica, and St. Lucia.
The findings of the report show that these Caribbean countries have experienced a steady inflow of FDI, and despite recent natural disasters that have affected the image of the region, countries have increasingly become internationally competitive in the sectors mentioned above. The region is already famous for its tourism and is now striving to become near-shore locations for investors in the export services and shared services sector, and IT. Endowed with natural raw material resources, the region is also showing competitiveness in developing their regional agribusiness value chain. In order to assist the movements of goods and people, Caribbean countries have established regional bodies such as the Caribbean Community and Common Market (CARICOM) and the Organization of Eastern Caribbean States (OECS). Please download the complete report in order to learn more about investing in the Caribbean.
Snapshot Caribbean is the sixth in the Snapshot series. It is a result of a benchmarking exercise aimed at gathering necessary but hard-to-come-by information for investors; it also systematically compares these countries for their potential to attract investment. The benchmarking exercise is a MIGA Technical Assistance project, with funding from the Commonwealth Secretariat. MIGA's techncial assistance unit has since been merged into FIAS.