Economic Policies in Small Open Economies: Prospects for the Caribbean
This study examines the economic adjustment strategies adopted by many Caribbean economies in the 1980s and argues that were inappropriate in trying to restore external balance and raise economic output. The analysis pays particular attention to the economic adjustment strategies of Barbados, the Dominican Republic, Guyana, Jamaica, and Trinidad and Tobago. To improve the performance of Caribbean economies, the author calls for a better mix of stabilisation policies with a deliberate export promotion strategy.
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