Economic Development of Caricom - by Winston H Griffith (Hardcover)
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<p/><br></br><p><b> About the Book </b></p></br></br><p>The book seeks to determine why CARICOM nations, despite their incorporation into the international economy for four hundred years, have experienced little meaningful economic transformation.</p><p/><br></br><p><b> Book Synopsis </b></p></br></br><p>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.</p><p/><br></br><p><b> About the Author </b></p></br></br><p>Winston H. Griffith, Professor Emeritus, taught economic development, political economy of the Caribbean, international economics, and international finance at Bucknell University.</p>
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