GLOBAL

                                                                                                                                                                                                                                             DEVELOPMENT STUDIES

                                                                            Copyright © 2000 International Development Options

                                                                                               All Rights Reserved

___________________________________________________________________________________________________________________

 

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

___________________________________________________________________________________________________________________            

                                                                                                    

                                            THEME: CARIBBEAN DEVELOPMENT STRATEGIES: ISSUES AND OPTIONS                    

 

 

          THE "SHAMBLES" IN THE WEST INDIES

 

          Jay R. Mandle

         W. Bradford Wiley Professor of Economics

         Colgate University

         Hamilton, New York 13346

         Published Online: December 15, 2016

 

 

           ABSTRACT

 

None of the participants in the debates of the 1960s and 1970s concerning the economic development of the Caribbean could have foreseen how changes in information processing, communications, and transportation would integrate world capital and product markets.  These technologies of globalization have resulted in an enhanced opportunity for Third World countries to participate effectively in the global economy.  In turn, this has facilitated the development process, particularly in East Asia.  This article reviews the obstacles to doing the same in the Caribbean and concludes that not even Trinidad and Tobago, the region's leading participant in the global economy, possesses sufficient human capital and physical infrastructure to ensure success in the new global economic environment.

 

 

IDO        ISSN: 1093-8281                 Copyright © 2017 International Development Options

                                                                                                All Rights Reserved