Economic Development of Caricom: From Early Colonial Times to the Present

By Winston H Griffith

It has been suggested that, if CARICOM nations wish to accelerate their development, they should embrace laissez-faire economic policies. However, laissez-faire economic policies have reinforced the very economic and social structures that have contributed to their low level of development; furthermore, laissez-faire economic policies ignore social attitudes that can greatly influence a nation's development. Moreover, low-skilled labor-intensive production processes, which once propelled growth in CARICOM nations, will no longer perform a similar role because production processes are becoming more and more knowledge-skills intensive, and nations wishing to attract foreign manufacturing investment or high-tech services may not be able to do so without an adequate pool of the necessary knowledge skills. CARICOM nations must therefore try to accumulate a pool of knowledge skills that can help their economies become internationally competitive.

• Format: Hardcover
• Language: English
• ISBN: 178527810X
• ISBN13: 9781785278105
• Release Date: October 2021
• Publisher: Anthem Press
• Length: 200 Pages
• Weight: 1.03 lbs.
• Dimensions: 0.6" x 6.0" x 9.0"