Rowland, Ben; Durante, Juan José; Martin, Dougal - Inter-American Development Bank - 2010
Two basic factors shape private sector development in Belize. First, the population is small - only 322,000 as of mid-2008. This limits the size of the domestic market and potential economies of scale. The economy was only US$1.3 billion in 2009 and diversification is limited. The economy...