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Small island economies : structure and performance in the English-speaking Caribbean since 1970
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Small island economies : structure and performance in the English-speaking Caribbean since 1970

Author: DeLisle Worrell
Publisher: New York : Praeger, 1987.
Edition/Format:   Book : EnglishView all editions and formats
Summary:
Conscious economic management became a feature of English-speaking Caribbean countries in the late 1960s, just as the world economy moved from a phase of relative stability into a period of recurring crisis and uncertainty. National economic plans began to appear in the Caribbean around 1950, but they turned out to be more in the nature of sophisticated political manifestoes than aids to economic management.
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Additional Physical Format: Online version:
Worrell, DeLisle.
Small island economies.
New York : Praeger, 1987
(OCoLC)610142928
Document Type: Book
All Authors / Contributors: DeLisle Worrell
ISBN: 0275927954 9780275927950
OCLC Number: 16078598
Notes: Includes index.
Description: xiv, 289 p. : ill. ; 25 cm.
Responsibility: DeLisle Worrell.

Abstract:

Conscious economic management became a feature of English-speaking Caribbean countries in the late 1960s, just as the world economy moved from a phase of relative stability into a period of recurring crisis and uncertainty. National economic plans began to appear in the Caribbean around 1950, but they turned out to be more in the nature of sophisticated political manifestoes than aids to economic management. Attempts to influence economic outcomes by use of official policy date from the 1960s. Finance ministries developed departments from budgeting and economic analysis out of their small planning units, economic statistics were collected, central banks set up and annual reviews of the economies were published.

Chapter 1 of the study introduces the Caribbean economies, describing what they produce, their trading patterns, their levels of development and selected institutional features. Chapter 2 discusses commodity price trends, financial market changes and other aspects of the world environment as they affected the Caribbean. This is followed by five chapters on country performance, one each for Barbados, Guyana, Jamaica and Trinidad and Tobago, and a single chapter for the remaining English-speaking countries. In each case we discuss the prospects in 1970, the subsequent performance, the economic consequences of world economic instability, and the policy response, ending with our own assessment. Chapter 8 deals with regional economic association, its intentions, its successes and its contributions to the economic development strategy. The final chapter is the overall assessment.

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