This is an especially impressive study, one really without equal
in terms of its coverage and sophistication. . . . While the
analysis is predominately neoclassical, it is sensibly and
sensitively done, and there is much to be learned from these pages
on the immense difficulties involved in designing and implementing
appropriate small-state economic policy. The tug of economic
reality facing small economies in an open-world economy make the
push coming from internal interests a real balancing act, as
Worrell appreciates. There are other points one might have liked
Worrell to have touched upon, but this work is really in a class by
itself; there is no other general economic study of the region that
is even remotely comparable. "Choice"
Dr. Worrell has been Director of Economic Research at the
Central Bank of Barbados for over ten years. During this time he
has observed firsthand the economic fluctuations in the Caribbean,
advised the Barbados Government on policy, and written about the
issues. "Small Island EconomieS" offers the author's reflections on
the English-speaking Caribbean's economic performance during the
last fifteen years. This insightful volume will be of use to
specialists of developing and comparative economies and third world
scholars, as well as those concerned with present-day international
relationships.
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