Performance, Structure and Policy in the Belize Economy
Bibliographic Data
| ID | 14723248 |
|---|---|
| Authors | Victor Bulmer‐Thomas (University College London, corresponding author), Assad Shoman (0000-0001-7038-8301) |
| Year | 2020 |
| Volume | 46 |
| Publication date | 2020-05-15 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Anuario de Estudios Centroamericanos (JOURNAL) |
| Journal identifiers | ISSN: 0377-7316 • E-ISSN: 2215-4175 |
| Publisher | Universidad de Costa Rica (PUBLISHER • CR) |
| DOI | 10.15517/aeca.v46i0.43825 |
| OpenAlex | W3133763099 |
| Language | EN |
| Citations received | 2 |
| References cited | 3 |
This article examines the Belizean economy since independence in 1981 (excluding the impact of the virus COVID-19). During this time there have been significant changes in structure, especially the increase in the importance of exports of services, while population has expanded rapidly due both to natural increases and net inward migration. Slow economic growth in the first two decades led to an experiment with debt-led growth that ended in failure. The years since the global financial crisis in 2008/9 have proved especially difficult as a result of the debt overhang, the erosion of preferences for commodity exports and the increase in corruption. Belize has therefore found itself in a low-level equilibrium debt trap from which it is hard to escape. The level of poverty unsurprisingly has become severe
Commodity · Debt · Debt overhang · Development economics · Economic growth · Economics · External debt · International economics · Macroeconomics · Market economy · Monetary economics · Population · Poverty · activated carbon and charcoal · Food Security and Health in Diverse Populations · Global socioeconomic and cultural dynamics
| Citations per year | 0.5 |
|---|---|
| Citation span | 2022 - 2024 (3) |
| Highly cited | No |