Study Area: Socio-Economic
The study of socioeconomics looks at how social behaviors and an area’s economics are interrelated within a society. The social and economic conditions of a place help inform the critical success factors of many large projects like the EWA.
Looking at socio-economic conditions on Grand Cayman helps the study team investigate the project’s potential impacts on various groups of people, including identifying beneficial outcomes and minimizing detrimental impacts. The socio-economic study looks at topics like access to services and the population and demographic distribution between the Eastern and Western portions of the island.
Key aspects:
- Grand Cayman’s demographic and economic data inform this portion of the study
- Assesses how the project impacts quality of life for residents and specific demographic groups, including access to goods and services and community connection
Understanding the study
A project’s impacts can affect both the natural and human environments. Socio-economic assessments look at the pros and cons a proposed action could have on society.
Socio-economic components such as employment, income, and education affect how people and communities live.
Assessing the proposed project’s potential to affect changes in these factors aids in providing an understanding of the comprehensive and interrelated needs of individuals and the local communities.
Socio-economic status encompasses both objective characteristics (e.g., income or education) and subjective characteristics (e.g., people’s sense of place).
Here’s what we are doing
Socio-Economic Study in action.
