This book is concerned with the impact of economic globalization and an unregulated global market system on the Caribbean economies. The book is in three parts. Part I examines theoretical issues and includes an assessment of recent globalization trends, the limits of globalization, and the question of uneven development. Part II considers alternative policy solutions including interventionist alternatives, effective monetary strategies and innovative tourism strategies. Part III focuses on Jamaica and the Bahamas. Overall, this book provides a rich menu for alternative economic policies in the Caribbean at the turn of the century.
Contents: Theoretical Issues: Dependence, cumulative causation and the Caribbean, Nikolaos Karagiannis; Are there any limits to 'globalization'? International trade, capital flows and borders, Grahame F. Thompson; The political economy of international integration: small states in the Caribbean and the Free Trade Area of the Americas (FTAA), Robert Read; Globalization, technology, trade and development, Anthony Clayton. Policy Issues: Monetary policies for small island economies, Carlos J. Rodriguez-Fuentes; Development policy options for CARICOM in an era of free trade, Marie Freckleton and Nikolaos Karagiannis; Caribbean tourism and the FTAA, Ian Boxill, Diaram Ramjee Singh and Marjorie D. Segree. Country-Studies: The Bahamian economy in the era of the FTAA, Nikolaos Karagiannis and Christos D. Salvaris; Prospects for Jamaica's economic development in the era of the FTAA, Michael Witter; The demand for imports in Jamaica: 1972-2000, Dillon Alleyne; Index.