The Caribbean Natural Resources

At the International Earth Summit convened in Rio de Janeiro in 1994, all nations of the world were mandated to protect the environment for the benefit of present and future generations. This collection introduces the reader to the major issues involved in the management of a number of resources critical to Caribbean development. The chapters discuss the sustainability of water, fisheries and agriculture in the region from a variety of perspectives. Particular emphasis is also given to the use of energy, recreation and coastal resource management and their impact on the fragile ecosystem. The book makes a contribution to the ongoing debate of sustainable environmental management within the region and the world.

Taking Care of What We Have: Participatory Natural Resource Management on the Caribbean Coast of Nicaragua

"The question of how to treat commodity production and how to manage recurrent cycles of booms and busts has always been a challenge for policymakers in commodity-dependent countries, including many in the LAC region. These challenges have led to allegations of a "commodity curse'' that retards development in these countries, but as of yet, there is no consensus as to whether such a curse exists, and if so, how can negative effects be minimized. This book contributes to this debate. Much of the report is focused on an examination of specific channels through which commodity dependence may affect the economic and institutional development of countries. This includes broadly 4 sets of concerns: one set dealing with the direct economic effects of commodity dependence and the implications for long-term growth; one dealing with the interactions between commodity production and the rents it generates on the one hand, and a country's institutions on the other; a third dealing with the macroeconomic challenges of managing the volatility of revenue flows, including the distributional implications at the household level posed by cyclicality of social spending; and a final set associated with potential negative environmental and social impacts. The book finds that some commonly accepted negative effects of dependence on natural resources are largely myths, while some are realities. But all can be managed, and the book draws on the best available information in existing literature as well as original analysis to provide practical advice on how to do so. It also presents descriptive facts and analysis of the impacts in LAC of the recent commodity boom, helping the reader understand the implications for the region's development and policies. It should be of great interest to policy-makers and analysts, as well as laypersons interested in the economics of commodity markets and their role in economic development."

This document contains the conference papers which aimed to design appropriate incentives or disincentives to encourage sustainable development for three key areas: policy-enabling measures, price change policies, and policies directed at the needs of the resource user in Caribbean countries. Papers also cover ideas which would enable these countries to cope with, and respond to, international pressures which are limiting their capacity to design, implement, and regulate sustainable development. These pressures affect policies which concern international agencies and institutions regarding such issues as terms of trade, debt financing, and policing the unsustainable practices of multinational corporations, and other countries.