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Economic Growth & Development in the Caribbean Region (Hardcover)
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Economic Growth & Development in the Caribbean Region (Hardcover)
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This book identifies ways in which the U.S. trade and aid policy
can most help the Caribbean Basin. A number of impediments to
future development in the Caribbean, including the small size of
the countries and companies in the region, limited infrastructure
development and trade policies that feature government reliance on
tariff revenue are reviewed. Furthermore, a number of policies are
identified and discussed in this book that could help speed
development by increasing the scale of markets for Caribbean
countries. To address problems faced by small economies and
enterprises, this book examines the ways in which the U.S. could
increase regionally focused assistance, such as through the
creation of educational programs designed to facilitate
understanding of export opportunities and trade benefits, as well
as through programs to improve understanding and compliance with
international regulations regarding port security and food safety.
Infrastructure improvements, along with skilled and educated work
force, have been identified as the crucial factors for investors in
the Caribbean, particularly in higher wage sectors. This book
suggests that, to address limitations in port infrastructure, the
U.S. could improve co-ordination on shipping and security issues
with Caribbean countries to increase shipping reliability and to
reduce time to market. The U.S. could also support training
programs to increase the number of skilled workers in the region.
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