The Caribbean Economies in an Era of Free Trade

The Caribbean Economies in an Era of Free Trade PDF

Author: Michael Witter

Publisher: Routledge

Published: 2017-11-28

Total Pages: 304

ISBN-13: 1351147501

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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.

Accelerating Trade and Integration in the Caribbean

Accelerating Trade and Integration in the Caribbean PDF

Author: World Bank

Publisher: World Bank Publications

Published: 2009-07-17

Total Pages: 364

ISBN-13: 9780821380192

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The main objective of this report is to help policymakers in the Caribbean design an agenda of policy actions to accelerate trade integration and growth and reduce poverty. The report is a joint response from the World Bank and the Organization of American States (OAS) to a demand statement from the member states of CARICOM, formulated by the Caribbean Regional Negotiating Machinery and the CARICOM Secretariat, to strengthen the analytical underpinnings of the linkages between trade, economic growth, and poverty. It aims at centering the Caribbean's next round of trade reforms and its overall agenda around trade on these key thematic areas. The report provides an overview of the economic and trade system context of the Caribbean, under which the new trade environment is operating. It then discusses the opportunities and challenges for the Caribbean associated with the new trade environment. It finally quantifies the gains from global trade integration using a dynamic macroeconomic analysis. The report provides policy priorities to accelerating Caribbean integration into the world economy and to reap the benefits of global competition. Each part of the report focuses on a key question and adds value by providing an in-depth analysis of the issues raised and laying the foundations for policy recommendations described in the last chapter of the report: * Part I (Overview of economic and trade system context): is Caribbean's economic and trade system sound enough to sustain the new era of its global trade relations which is being shaped? * Part II (Focuses on the analysis of the new opportunities and challenges of the new trade environment): what are the opportunities and challenges that the new trade environment offers to the Caribbean? * Part III (Presents an assessment of the impact of the EPA on growth and poverty using two types of macroeconomic models): what are the gains in terms of growth and poverty reduction of the recently negotiated EPA?

The Effect of a North American Free Trade Agreement on the Commonwealth Caribbean

The Effect of a North American Free Trade Agreement on the Commonwealth Caribbean PDF

Author: Jennifer Hosten-Craig

Publisher: Lewiston, NY ; Queenston, Ont. : E. Mellen Press

Published: 1992

Total Pages: 168

ISBN-13:

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This study assesses the possible impact of a NAFTA on the Commonwealth or English-speaking countries of the Caribbean. The theory and practice of free trade are discussed, as well as the Enterprise for the Americas Initiative and the question of regional integration among the Caribbean countries. Written by a former diplomat and political scientist with considerable knowledge of the region, this text includes important primary and secondary research. Most notable are the views of leading regional personalities from both the public and private sectors in the Caribbean and North America.

The Economic History of the Caribbean since the Napoleonic Wars

The Economic History of the Caribbean since the Napoleonic Wars PDF

Author: Victor Bulmer-Thomas

Publisher: Cambridge University Press

Published: 2012-10-08

Total Pages: 983

ISBN-13: 1107375940

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This book examines the economic history of the Caribbean in the two hundred years since the Napoleonic Wars and is the first analysis to span the whole region. It is divided into three parts, each centered around a particular case study: the first focuses on the nineteenth century ('The Age of Free Trade'); the second considers the period up to 1960 ('The Age of Preferences'); and the final section concerns the half century from the Cuban Revolution to the present ('The Age of Globalization'). The study makes use of a specially constructed database to observe trends across the whole region and chart the progress of nearly thirty individual countries. Its findings challenge many long-standing assumptions about the region, and its in-depth case studies shed new light on the history of three countries in particular, namely Belize, Cuba and Haiti.

Latin American and Caribbean Trade Agreements

Latin American and Caribbean Trade Agreements PDF

Author: Thomas O'Keefe

Publisher: BRILL

Published: 2009-06-02

Total Pages: 516

ISBN-13: 9004180699

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Latin American and Caribbean Trade Agreements: Keys to a Prosperous Community of the Americas is the essential reference guide for companies trading with Latin America and the Caribbean or wishing to use a country in the region as an export platform. This work fills the void in academic texts that are used to teach courses on economic integration in the Western Hemisphere. It provides a road map for the Obama Administration to launch an ambitious project designed to encourage economic growth, promote energy security, and reduce harmful greenhouse gas emissions, while at the same time realistically meeting the development needs of Latin America and the Caribbean. Latin American and Caribbean Trade Agreements: Keys to a Prosperous Community of the Americas posits that the myopic focus of past United States administrations on free markets to spur economic development in the Western Hemisphere is not enough. A bolder and more ambitious project that also seeks to redress many of the deep-seated problems that have long plagued the region is required. The Community of the Americas proposed in this book rests upon the important work that has already been done at the sub-regional level in terms of economic and political reform, identifying infrastructure and human capital needs, and regulating migration. It provides a new and cohesive vision for U.S. policy in Latin America and the Caribbean.

Lessons from NAFTA

Lessons from NAFTA PDF

Author: Daniel Lederman

Publisher: Stanford University Press

Published: 2005

Total Pages: 438

ISBN-13: 9780804752404

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Analyzing the experience of Mexico under the North American Free Trade Agreement (NAFTA), the authors draw lessons for other countries considering free trade agreements with the United States. The authors conclude that NAFTA raised external trade and foreign investment inflows and had a modest effect on Mexico’s average income per person. It is likely that NAFTA also helped achieve a modest reduction in poverty and an improvement in job quality. However, major obstacles remain to Mexico’s long term development—NAFTA is not enough. The main lesson for other countries is that free trade agreements offer opportunities to accelerate economic growth, but do not guarantee it.

Imperial Power and Regional Trade

Imperial Power and Regional Trade PDF

Author: Abigail B. Bakan

Publisher: Wilfrid Laurier Univ. Press

Published: 2006-01-01

Total Pages: 277

ISBN-13: 0889208867

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The election of Ronald Reagan as President of the United States in November 1980 opened a new chapter in international relations; U.S. foreign policy shifted from an alliance-based, consensual approach to one based on a more overt use of its immense economic and, above all, military power. This policy entailed some stark choices for the U.S.A.’s allies and neighbours and, above all, for the small countries of Central America and the Caribbean. This revealing book tells the story of the Caribbean Basin Initiative (CBI), through which the new assertion of U.S. hegemony in the region was expressed. The CBI entitled “friendly” countries of the region (i.e., excluding Cuba, pre-invasion Grenada and Nicaragua) to military and economic aid plus incentives, modelled on the so-called “Puerto Rican miracle,” so as to reorient their trade towards the U.S.A. The authors carefully compare the claims made for the CBI with its underlying political objectives and examine its actual impact on regional development through detailed case studies of the Eastern Caribbean and Trinidad. Also examined are the impact of the CBI on Caribbean regional integration and the responses of Canada and Britain, the two other major countries with long-standing political and economic interests in the Caribbean. What emerges from this investigation is the way the CBI reflects the U.S.A.’s historic quest for regional dominance, rather than a new era in Caribbean development.

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