Financial Constraints And Economic Development In The Commonwealth Caribbean

Examines the problems Commonwealth Caribbean countries face in financing development activities. The focus is on the four larger and more developed countries (MDCs) within the Caribbean Community, Barbados, Guyana, Jamaica and Trinidad and Tobago even though the less developed countries face similar problems.

The Centre for Caribbean Studies at the University of Warwick was founded in 1984 in order to stimulate interest and research in a region which is only now beginning to receive academic recognition in its own right. In addition to the publication of the papers from annual symposia which reflect the Centre's comparative and interdisciplinary approach, other volumes in the series are published in disciplines within the arts and social sciences.

Collection of essays on economic development in the Commonwealth Caribbean - advocates industrial growth based on local level ownership as a means of employment creation to absorb the labour surplus; discusses the economic implications of industrialization, the emigration of skilled workers to the USA, choice of technology in agricultural mechanization, the role of USA, and dependence; considers the needs for regional development and a regional level bank in the Eastern Caribbean. Bibliography, statistical tables.

Articles on development theory and the economic policy of dependence in the Commonwealth Caribbean - examines political developments in Jamaica (democratic socialism), Trinidad and Tobago (oil capitalism), Guyana, (cooperative socialism), and Grenada (the New Jewel Revolution); discusses regional level economic integration, industrial planning and CARICOM; studies international relations with USA, UK, EC, and Latin America; and the role of the Commonwealth Caribbean in a New International Economic Order. Map.

This work analyzes recent economic performance in the Commonwealth Caribbean by examining the IMF/World Bank Structural Adjustment Package and its relation to the deteriorating economic and social conditions in this part of the world. Ramesh F. Ramsaran not only takes a critical look at structural adjustment as it has been applied in the Caribbean but also examines recent structural adjustment theory in general and some of its contradictions in practice. Ramsaran argues that if structural adjustment programs are to be effective with minimum social cost, their design must take into account the specific conditions of individual countries. This argument against the general application of policies and principles remains firm, despite the fact that international aid agencies in the 1980s did find general guidelines useful in particular situations. His analysis will be of interest to scholars and policy-makers in international and development economics and international finance and trade.