The Caribbean Economy in the Age of Globalization

Hardcover | July 17, 2009

byR. Palmer

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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.

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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 ...

Ransford Palmer is Professor of Economics, Howard University.

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Format:HardcoverDimensions:192 pages, 8.5 × 5.51 × 0.02 inPublished:July 17, 2009Publisher:Palgrave Macmillan USLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230603807

ISBN - 13:9780230603806

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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