Accountability, 66–67
ACP conventions, 15
Agro-industry, 56–65
ups and downs in, 63
Bahamas, 6, 8–12, 20–21, 29–30, 32, 49, 98
Barbados, 6, 9–13, 19–21, 28–30, 32–33, 38, 41, 47, 60–61, 64–65
Belize, 8–13, 17, 19, 20–21, 27–29, 32–33, 38, 41–42, 47, 49, 59–60, 105
Best, Lloyd, 26
British dependencies, Caribbean states and, 6
Capacity-building programs, 68
The Caribbean Community (CARICOM) Regional Task Force On Crime And Security, 97, 104
Caribbean economic growth, 1–53, 69–71
competitiveness, 37–39
concept of, 3
crime and security, 36–37
culture and governance, 23
definition of, 69
difficulties, 70
domestic and global challenges, 5
economic objectives, CARRICOM, 7
employment rates, 10
fiscal policy, 28–32
foreign aid, 43–45
foreign investment, 45–47
growth and development theory, 23–27
household savings, 47–50
inflationary policies, 11
key variables, 3
manufacturing, failure of, 14–23
in post-independence, 12–14
poverty, reducing, 37
public debt, 40–43
public expenditure, 32–36
quality, critical areas for, 10
relevance of state, 4–5
savings and investment, trending in, 27–28
state’s role, 39–40
Caribbean economic performance, 5–12
Caribbean policy makers, 15
Caribbean production structure, 14, 22
Caribbean public policy, 1–53
factors affecting growth, 2
social divisiveness, 2
Caribbean tourism, 89–92
crime and, 92–98
corruption, 104
economic costs, 101
employment generation and training programs, 103
foreign direct investment, 102
gangs, 100
generation loss, 101–102
halting, impact of, 102–106
illicit drugs, 99
law enforcement vs. social measures, 104–105
as perception problem, 98–99
society and economy, damages in, 100–101
development and empowerment, local involvement, 105–106
growth of, 64
CARICOM countries, 6–10, 45–46, 57, 59, 63, 97, 101–102, 104–105
China, 4, 21, 27, 31, 38, 43, 45, 59–60, 82, 90
Competitiveness, 8, 10–12, 19, 37–39, 46, 48–49, 52, 56, 62–63, 70–73, 75–76, 80, 82, 133–134
Consumption patterns, 73
Corruption, 8, 39, 67, 80, 84, 100, 102, 104
Crime and security, 36–37
Crime, Caribbean tourism and. See Caribbean tourism
Culture and governance, 23
Demas, William, 25–26
Devaluation or depreciation, 12
Developmental approaches, 84
Developmental state policies, 66
Disincentives, 80–81
Dominant transnational corporations, 74
Drug Offences (Forfeiture of Proceeds) Act, 127–128
Drug trafficking, Jamaica, 116–118
economic globalization and, 121–124
prevention and repression strategies, 127–128
Easterly, William, 45
ECCU (the Eastern Caribbean Currency Union), 8–9, 12, 17, 20–21, 27, 29–30, 32–33, 41, 47
Economic globalization, 115–129
Economic growth. See Caribbean economic growth
Embedded autonomy, 66
Employment generation and training programs, Caribbean, 103
Enclave companies, 61
Energy exports, 17
Exchange rates, 12, 18–19, 50, 71, 117
Export-processing industries, 61–62
Exports, 2, 14–18, 30, 41, 51, 57, 59–61, 64, 70, 74
Financial institutions, defined, 128
Fixed capital-output ratio, 23
Fixed propensity, 23
Foreign investment, 45–47, 102
Gambling, 92
Gangs, 100
Garrison communities, Jamaica, 100, 106
GDP, 3, 11–13, 16–17, 20, 25, 27–29, 31–34, 36, 40–42, 47, 52, 57, 59, 63–65, 90
Government-private cooperation, 75
Growth and development theory, 23–27
Harrod-Domar (H-D) model, 23–24
Heavy processing industries, 62
Hood, Robin, 5
Human resource development, 69, 75
Illicit drugs, 89, 92, 99, 117–118
Import-substituting industries, 61
Imports, 2, 8, 14, 23, 30, 52, 57, 64, 74
Incentives, 80–88
Industrial and trade performance, Caribbean economy, 55–85
agro-industry, 56–65
challenges and limitations, 56
development, policy considerations, 71–83
economic and developmental aspects, 69–71
introduction, 55–56
socio-cultural and politico-institutional aspects, 65–69
Industrial development, policy considerations, 71–83
appropriate macroeconomic policies, 72–74
investments, 79–81
quality and market development, 81–83
sectoral strategies, 76–79
strategic planning, 74–76
Industries, types of Caribbean, 60–61
Inflationary policies, 11–12, 71
Institution-building measures, 69
Investments, 79–81
foreign, 3, 6, 20, 22, 25–27, 45–47, 65
gross, 27–28
Jamaica, 10–11
drug trafficking, 116–118
lottery scamming, 118–121, 125
tourism and, 94–95
JOLT operation, 124
Kray, Aart, 45
Latin America, 9, 11, 15, 19, 25–26, 40, 45–46
Law enforcement vs. social measures, crime and, 104–105
Law Reform (Fraudulent Transactions) Special Provisions Act, 126
Lottery scamming, Jamaica, 118–121
economic globalization and, 121–124
prevention and repression strategies, 124–127
Macroeconomic management, 72–73
Manufacturing sectors, 14–23
growth and structural change, 60–61
policy makers, 15
Market development, 81–83
Monetary policy, 73
Money Laundering Act, 124, 127–128
Murder rates, Caribbean, 93, 96, 99
Operation Kingfish, 99
Per capita GNP, 21
Per capita income, 6–9, 18–21, 25, 44–45, 47
Political economy, 55
Poverty
in post-independence, 7
reducing, 37
unemployment and, 10
Prebisch, Raul, 25
Private sector, 2, 4, 27, 29, 33–34, 36–37, 39, 46, 52, 66–67, 75, 80
reforms, 68
Public debt, 2–3, 23, 32–34, 40–43, 51–52
Public expenditure, 32–36
Public finance, 72
Public policy. See Caribbean public policy
Quality management, 81–83
Resource-based exports, 17, 46
Savings and investment, trending in, 27–28
Shiprider Agreement, 127
Socio-economic challenges, 65
Soviet Union, 4
Sugar production, 60
Targeted industries, 76–79. See also Industrial development
Telephone communication, 119, 121–122
Tourism industry. See Caribbean tourism
Transnationalism, 17, 36, 55, 57, 60, 68, 74, 115–129
Trinidad and Tobago, 5, 8, 10–14, 17–21, 28–30, 32–33, 38, 46–49, 59–62, 64–65, 90, 93–94, 103–105
UNDP, 8–9
Unemployment rate, 7, 10, 20, 35, 56, 93, 98, 101
United States, 4, 9, 24, 34–35, 40, 82, 91, 98, 121, 126–127, 129
United States Virgin Islands, 94