Abstract Five 2000

GLOBAL

DEVELOPMENT STUDIES

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Volume Two Winter 1999-Spring 2000 Numbers 1-2.

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THEME: CARIBBEAN DEVELOPMENT STRATEGIES: ISSUES AND OPTIONS

LIBERALIZATION OF TRADE IN SERVICES AND DIVERSIFICATION OF CARICOM EXPORTS

Marie Freckleton

Department of Economics

University of the West Indies

Mona, Kingston 7

Jamaica, The West Indies

Published Online: December 15, 2016

ABSTRACT

The stagnation of traditional merchandise exports and the erosion of preferential arrangements make it imperative for CARICOM countries to diversify their exports. This article examines the prospects for expansion and diversification of CARICOM's exports in the context of global liberalization of trade in services. It argues that significant policy changes must be implemented to position CARICOM countries to exploit the emerging trade opportunities in services.