James, Vanus N; Henry, Ralph M.; Barclay, Lou Anne
Author Affiliation, Ana.
Department of Management Studies
The new trade initiatives and Caribbean realities
Caribbean journal of public sector management
Date of Publication
Analyses the ongoing and future trade initiatives in the light of the production restructuring challenge facing the Caribbean region. Examines the trade arrangements affecting the region as well the region's response to them. Argues that the Caribbean region can only deal adequately with the problems posed by the new trading environment through a supply side response involving technology, knowledge, institution building, and thus, domestic capital formation. Further postulates that building the competitiveness of domestic firms through endogenous capital formation requires active trade policy in the form of international market creation and penetration, and that in order to facilitate this, the long term movement of Caribbean people with their capital, their firms, their institutions and their supporting sociology must occur. Concludes that it is on this issue that one finds regional governments exhibiting the greatest reluctance, even as they move to establish the CARICOM Single Market and Economy.....