The islands of the Caribbean have been the target of unprecedented investor interest
over the past five years. Over $50 billion in capital investment in mixed-use resort and
real estate development is slated for the next 20 years. Investors and developers
continue to pursue new projects throughout the region.
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This is a welcome opportunity to develop infrastructure, social services, and broad
economic progress. However, the pace of development warrants a careful
understanding of each project and how it will benefit the economy. This is even more
important in view of tax concessions and/or land transfers which are a part of many
projects’ incentive packages. Simply stated, these agreements should be based on a
clear understanding of a project’s economic benefits in relation to its economic costs.
more:http://www.tourismeconomics.com/docs/Carib_Letter_EIS.pdf
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