Preface
Introduction
The Background to the Economic Crisis in the 1980s and the
Prospects facing Caribbean States
Issues in the Reform of the Policy Framework
Savings, Investment and Growth Trends and Determinants in Selected
Caribbean Countries in Recent Years
Further Aspects of the Public Finance Issues
The Issue of Privatization
The Exchange Rate Controversy
Selected Issues and Problems in External Adjustments
The Capital Transfer Problem
Concluding Observations
Appendix I: Trinidad and Tobago's First Letter of Intent (Nov. 16,
1988) to the IMF
Appendix II: Trinidad and Tobago's Second Letter of Intent (March
14, 1990) to the IMF
Bibliography
Index
This work analyzes recent economic performance in the Commonwealth Caribbean by examining the IMF/World Bank Structural Adjustment Package and its relation to the deteriorating economic and social conditions in this part of the world.
RAMESH F. RAMSARAN is Senior Lecturer at the Institute of International Relations of the University of the West Indies in Trinidad. Previously he served as a consultant to the World Bank and the African Caribbean Pacific Secretariat in Brussels. Dr. Ramsaran is the author of several books, including, United States Direct Investment in Latin America and the Caribbean (1985), and The Commonwealth Caribbean in the World Economy (1989).
?Ramsaran (University of the West Indies, Trinidad) provides an
earnest review and appraisal of the effects of neoliberal economic
strategies as correctives to economic crisis in the Caribbean. The
general thrust is a plea for a more informed application of
solutions, one based less on ideological conviction and more on the
needs of Caribbean societies, which do not always (perhaps rarely)
conform to the assumptions implied by the cure. The arguments made
are not new, nor are they backed up with a theoretical counterpoint
for alternative policy-making to confront the economic problems of
the region that no one would deny. Still, there is value in the
work for the nonspecialist who wishes to reflect on the nature and
context of economic policy-making and the possible consequences of
inappropriate action driven by a particular economic policy agenda
that now animates the path of transformation in the Caribbean and
much of the rest of the less-developed world. Advanced
undergraduate through faculty.?-Choice
"Ramsaran (University of the West Indies, Trinidad) provides an
earnest review and appraisal of the effects of neoliberal economic
strategies as correctives to economic crisis in the Caribbean. The
general thrust is a plea for a more informed application of
solutions, one based less on ideological conviction and more on the
needs of Caribbean societies, which do not always (perhaps rarely)
conform to the assumptions implied by the cure. The arguments made
are not new, nor are they backed up with a theoretical counterpoint
for alternative policy-making to confront the economic problems of
the region that no one would deny. Still, there is value in the
work for the nonspecialist who wishes to reflect on the nature and
context of economic policy-making and the possible consequences of
inappropriate action driven by a particular economic policy agenda
that now animates the path of transformation in the Caribbean and
much of the rest of the less-developed world. Advanced
undergraduate through faculty."-Choice
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