‘Blue econ­omy’ for Caribbean nations

China Daily (USA) - - BUSINESS -

A new World Bank re­port has urged Caribbean coun­tries to adopt the “blue econ­omy” to boost growth and gain greater re­silience to ex­ter­nal shocks. The re­port, “To­ward a Blue Econ­omy: A Prom­ise for Sus­tain­able Growth in the Caribbean”, es­ti­mated that ocean-based in­dus­tries will out­per­form the growth of the global econ­omy and dou­ble their con­tri­bu­tion to the GDP by 2030.

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