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E-book: Handbook of Caribbean Economies [Taylor & Francis e-book]

Edited by (Naval Postgraduate School, Monterey, California, USA)
  • Taylor & Francis e-book
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This volume aims to illustrate the uniqueness of the economies of the countries and territories of the Caribbean as well as the similarities they share with other regions. While most countries in the region share many of the characteristics of middle-income countries, theirs is a matter of extremes. Their generally small size suggests a fragility not found elsewhere. While much of the world is beginning to feel some effects of climate change, the Caribbean is ground zero. These factors suggest a difficult road ahead, but the chapters presented in this volume aim to help to spur the search for creative solutions to the regions problems.

The chapters, written by expert contributors, examine the Caribbean economies from several perspectives. Many break new ground in questioning past policy mindsets, while developing new approaches to many of the traditional constraints limiting growth in the region.

The volume is organized in four sections. Part I examines commonalities, including issues surrounding small economies, tourism, climate change and energy security. Part II looks at obstacles to sustained progress, for example debt, natural disasters and crime. In Part III chapters consider the specific role of external influences, including the USA and the European Union, the People's Republic of China, as well as regional co-operation. The volume concludes in Part IV with country case studies intended to provide a sense of the diversity that runs through the region.
List of figures
xii
List of tables
xv
List of boxes
xvii
List of contributors
xviii
Preface xxvi
Foreword xxvii
Sir Ronald Sanders
1 Introduction
1(8)
Robert E. Looney
PART I Commonalities
9(70)
2 An alternative policy approach to growth and stabilization in small open economies
11(10)
DeLisle Worrell
3 Impact of climate change on Caribbean economies
21(18)
Masab I. Ashtine
4 Caribbean energy security: Regional profile and challenges to integration
39(20)
David Goldwyn
Cory Gill
5 The Caribbean holds its own in global tourism competition
59(20)
DeLisle Worrell
PART II Obstacles to sustained progress
79(80)
6 CARICOM and that vexing issue of size and viability
81(17)
Patsy Lewis
7 Debt and fiscal constraints
98(10)
Lester Henry
8 Crime, violence and drugs in the Caribbean
108(18)
Sheritt V. G. Morris-Francis
9 It's complicated: The Caribbean's relationship to white-collar crime
126(14)
Kristina Hinds
10 Caribbean natural disasters and country/regional responses
140(19)
Robert E. Looney
PART III External influences
159(60)
11 Why and how to use fiscal policy to target the exchange rate
161(10)
DeLisle Worrell
12 Venezuela: The descent into a `soft state'
171(11)
Anthony P. Maingot
13 The external economic relations of the Caribbean: A comparison between the USA and the European Union
182(11)
Ginelle Greene-Dewasmes
Tony Heron
14 China's increasing influence in Central America and the Caribbean
193(11)
Richard L. Bernal
15 Regional cooperation in Latin America and the Caribbean: New challenges and agendas
204(15)
Gintia Quiliconi
Renato Rivera Rhon
PART IV Country case studies
219(242)
16 The Puerto Rican economy
221(15)
Brad Setscr
Sergio Marxuach
17 Haiti
236(13)
Wenchehen Hauge
18 The Cuban economy: Socialist stagnation with Caribbean characteristics
249(15)
Richard E. Feinbcrg
19 Trinidad and Tobago
264(12)
Lester Henry
20 Belize
276(13)
Victor Buhner-Tliomas
21 Guyana and the advent of world-class petroleum finds
289(15)
Clive Y. Thomas
22 Development and underperfomiancc in the Barbados economy, 1946-2018
304(18)
DeLisle Worrell
23 Suriname
322(16)
Scott B. MacDonald
24 The Bahamas: Facing a period of climate change and slow growth
338(16)
Robert E. Looney
25 The Cayman Islands
354(16)
Scott B. MacDonald
26 Guadeloupe and Martinique in the Caribbean Basin: A comparative analysis of models and trajectories
370(23)
Alain Maurin
Patrick Kent Watson
21 The Dominican Republic
393(29)
Susan Pozo
Antonio Maria Giraldi
28 The Jamaican economy: A Caribbean success story at last?
422(20)
Keith Collister
Robert E. Looney
29 The Dutch Caribbean
442(15)
Scott B. MacDonald
30 Epilogue
457(4)
Robert E. Looney
Index 461
Robert E. Looney is a Distinguished Professor in the National Security Affairs Department at the Naval Postgraduate School, California. He specializes in issues relating to economic intelligence and economic development in the Middle East, Latin America and Africa. Professor Looney has published 22 books and is the editor of the Routledge Europa Emerging Economies series.