The Caribbean Economy in the Age of Globalization
The Caribbean Economy in the Age of Globalization
Publisher: Palgrave Macmillan | ISBN: 0230603807 | edition 2009 | PDF | 192 pages | 1,03 mb
Publisher: Palgrave Macmillan | ISBN: 0230603807 | edition 2009 | PDF | 192 pages | 1,03 mb
The book examines the status of the Anglophone Caribbean economy and the options it faces as traditional preferential trade arrangements begin to disappear. Two broad options are explored: one is the transformation of primary exports into higher value-added products and the other is a shift in the economic structure toward tourism and other services.The book constructs a model of a potential Caribbean economy, described as a travel economy. The travel economy is based on two enduring features of Caribbean life—tourism and migration.—and it is meant to provide a benchmark against which to gauge the evolution of the structure of individual economies. The main contribution of this book is a concise and methodological treatment of the issues of transition and adjustment that the Caribbean faces in an increasingly liberalized international trading system.