Copyright © 2010 International Development Options
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Volume Six Winter-Spring 2010 Numbers 1-2.
THEME: THE GLOBAL FINANCIAL AND ECONOMIC CRISIS: IMPLICATIONS FOR THE CARIBBEAN REGION
EXPORT DEVELOPMENT POLICIES IN CARICOM: AN ASSESSMENT
Department of Economics
University of the West Indies
Mona, Kingston 7, Jamaica
Published Online: March 15, 2017
Since the mid-1980s, the member countries of the Caribbean Community (CARICOM) have intensified their efforts to develop exports. Export orientation is viewed as necessary to accelerate economic growth as well as to facilitate integration into the increasingly competitive global economy. This article assesses the export development policies that have been implemented within the CARICOM over the last two decades. Analysis of the region’s export performance suggests that export development policies have achieved limited success. The article concludes that the policy measures used to promote export development within CARICOM yielded sub-optimal results because they did not adequately address the structural and institutional constraints that restrict expansion of export supply and undermine export competitiveness.