Caribbean’s Global Competitiveness from a Systemic and Multifactorial Perspective for the Post-Covid-19 Period

Segundo Castro-Gonzáles (), Jairo A. Ayala-Godoy () and Theany Calderón-Abreu ()
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Segundo Castro-Gonzáles: University of Puerto Rico-Río Piedras Campus
Jairo A. Ayala-Godoy: University of Puerto Rico-Río Piedras Campus
Theany Calderón-Abreu: University of Puerto Rico-Río Piedras Campus

International Journal of Global Business and Competitiveness, 2024, vol. 19, issue 1, No 2, 14-23

Abstract: Abstract International prestige institutions, such as The World Economic Forum, the Institute for Management Development, and the Institute for Industrial Policy Studies, produce competitiveness studies that do not include all Caribbean’s countries. Moreover, some researchers argue that these studies have limitations when applied to small economies such as Latin American countries, especially the Caribbean. This research’s objective is to perform a competitiveness analysis focused on the Greater Antilles countries which at best are included in competitiveness analysis as a group of regional countries. This pioneering research presents a regional competitiveness ranking for the Caribbean countries for the trans-Covid-19 period using as framework the Double Diamond Dual Model (DDD). The DDD is a very effective model for evaluating regional countries competitiveness indices since it permits for the determination of both overall competitiveness indices for each country and the determination of the most important factors driving their competitiveness level. The results show that among the Greater Antilles Puerto Rico enjoys a higher overall competitiveness level having better competitiveness levels in three constructs: International Physical Factors, National Human Resources, and International Human Resources. It is only surpassed by the Dominican Republic in the National Physical Factors construct.

Keywords: Country competitiveness; Greater Antilles economies; Caribbean countries; Dual double diamond model (search for similar items in EconPapers)
JEL-codes: O15 O19 O54 O57 P52 R11 Y10 (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s42943-023-00089-9

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