Productive Development Policies in Belize

Fundación de Investigaciones Económicas Latinoamericanas (FIEL) and Emily Morris

The aim of this study is to conduct a critical appraisal of PDPs applied by the government of Belize (GoB), and in particular assess two sectors that account for a large share of economic activity and have acknowledged potential for further growth: tourism and agriculture. Accordingly, following Crespi et al. (2014), this study subjects existing policies to three tests:

  1. Is there a plausible market or government failure that has been diagnosed to justify the policy?
  2. Is the alleged policy remedy—whether it entails alleviating the failure or redressing its impact—a good match for the diagnosis?
  3. Are institutional capabilities sufficiently strong to design and carry out a policy as intended?
DATE PUBLISHED: 2015-02-02
Country: Belize
Language: English