Expanding the Production Possibilities of the Bahamas
Nikolaos Karagiannis, Marel Katsivela, Zagros Madjd-Sadjadi, David Stewart

Abstract
The current economic crisis and other international developments have not spared fiscal paradises such as The Bahamas. Both tourism and financial services, the two main pillars of the Bahamian economy, have been affected. Along with the country’s upcoming membership in the World Trade Organization, these events call for a policy change. The main task of this paper is to examine promising sectors and activities that can expand the production possibilities of the Bahamian economy and to identify policy arenas on which a “national purpose” framework may focus if fostering of endogenous development in the country is to be achieved.

Full Text: PDF