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.
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Source: Cho et al. (2009) and own elaboration
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Acknowledgements
We would like to thank the two anonymous reviewers and the Editor-in-Chief, Dr. Kirankumar S. Momaya, for their valuable comments that let us to significantly improve the paper final version.
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This research was funded entirely by the University of Puerto Rico, Rio Piedras Campus (UPR-RP). Dr. Segundo Castro-Gonzáles received a sponsorship as Resident Researcher at the Deanship of Graduate Studies and Research at UPR-RP during the 2022 academic year. Dr. Segundo Castro-Gonzáles and Dr. Jairo Ayala-Godoy are beneficiaries of the release time for research program at the School of Business at UPR-RP. Dr. Theany Calderón Abreu received no funding.
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Conceptualization: SCG; methodology: SCG, JAG and TCA; formal analysis and investigation: SCG and JAG; writing—original draft: SCG and TCA; writing—review and editing: SCG, JAG and TCA; supervision: SCG and TCA. All the authors have read and agreed to the published version of the manuscript.
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Castro-Gonzáles, S., Ayala-Godoy, J.A. & Calderón-Abreu, T. Caribbean’s Global Competitiveness from a Systemic and Multifactorial Perspective for the Post-Covid-19 Period. JGBC (2024). https://doi.org/10.1007/s42943-023-00089-9
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DOI: https://doi.org/10.1007/s42943-023-00089-9