The Caribbean Economy in the Age of Globalization by R. PalmerThe Caribbean Economy in the Age of Globalization by R. Palmer

The Caribbean Economy in the Age of Globalization

byR. Palmer

Hardcover | July 17, 2009

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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.

Ransford Palmer is Professor of Economics, Howard University.
Title:The Caribbean Economy in the Age of GlobalizationFormat:HardcoverDimensions:192 pages, 8.5 × 5.51 × 0 inPublished:July 17, 2009Publisher:Palgrave Macmillan USLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230603807

ISBN - 13:9780230603806


Table of Contents

The Caribbean Economy * The Decline of Traditional Exports * Nontraditional Exports as the Frontier of Caribbean Development * The Service Economy * The Caribbean Tourist Industry * Migration * The Travel Economy * Investment and Consumption * The Role of Government * Caribbean Economic Integration: Drifting Toward a Single Market and Economy * Caribbean External Economic Relations * Epilogue * Appendix