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Begin New Search Political Geography Caribbean Author Cyrus Rustomjee

1. Strengthening the Debt Sustainability Framework for Caribbean Small States

Author:
Cyrus Rustomjee
Publication Date:
08-2017
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
Since 2005, two debt sustainability frameworks and country-level debt sustainability analyses designed by the International Monetary Fund and World Bank have provided standardized tools to measure and assess debt sustainability. While they have a number of advantages, the utility of these tools for small states is limited by several factors, including insufficient treatment of exogenous shocks, limitations in the tools used to assess debt sustainability and a narrow definition of debt sustainability. This has reduced their reliability in assessing debt sustainability and as a mechanism to help inform both countries’ debt management policies and donor, lender and investor decision making. Several practical modifications can strengthen these tools and improve their utility for small states.
Topic:
International Political Economy
Political Geography:
Caribbean

2. Developing the Blue Economy in Caribbean and Other Small States

Author:
Cyrus Rustomjee
Publication Date:
03-2016
Content Type:
Policy Brief
Institution:
Centre for International Governance Innovation
Abstract:
The world’s oceans are crucial to human life. They cover 71 percent of the earth’s surface and contain 97 percent of the earth’s water (Oceanic Institute 2016); provide vital ecosystem services; serve as a growing source of renewable energy and make crucial contributions to global food production and food security, through the provision of food, minerals and nutrients. Fish provide 4.3 billion people with about 15 percent of their intake of animal protein (UN Food and Agriculture Organization [FAO] 2014b). Over 3.1 billion people live within 100 km of the ocean or sea in about 150 coastal and island nations (FAO 2014a), and global ocean economic activity is estimated to be US$3–5 trillion (FAO 2014b). Oceans and seas serve as waterways for global trade, with more than 90 percent of global trade carried by sea (International Maritime Organization 2012). Some 880 million people depend on the fisheries and aquaculture sector for their livelihoods (ibid.). Recognition of the services and resources provided by oceans has accelerated in recent years, spurred by the opportunities and challenges posed by a rapidly growing global population, increasing global demand for food and energy, advances in technology, and changes in patterns of global trade and human consumption. Developed countries have expanded fisheries, tourism and other oceanic and maritime industries; extended mineral exploration and extraction; and scaled up ocean-related scientific, technological and industrial research. Using increased knowledge of marine biodiversity, they have developed new value chains in pharmaceuticals, health care and aquaculture; and many have established integrated national ocean economy strategies, bringing together the regulatory, environmental, spatial, policy, institutional, industrial and other factors influencing their ability to exploit maritime resources.
Topic:
Environment, Political Economy, Maritime Commerce, Biosecurity, and Natural Resources
Political Geography:
Caribbean and Global Focus