Implications of Modernizing the Sugar Industry of Belize

Wendel D.J. Parham

No 265548, 24th West Indies Agricultural Economics Conference, July 9-13, 2002, Grenada from Caribbean Agro-Economic Society

Abstract: The sugar industry of Belize is faced with challenges from within and without. Trade liberalization and policy adjustment measures, on the international front, brought increased pressures on the preferential markets for sugar affecting both volume and price levels. The internal challenges are related to a poor organizational framework, outdated legislation, low productivity and efficiency of sugarcane production, harvesting and delivery, a high level of indebtedness and an associated low level of investment. The paper will present the status of the sugar industry of Belize, the rationale for the modernization of the sugar industry, the steps being taken to modernize the sugar industry and the implications of the modernization process for the sugar sector and the economy of Belize. There is an urgent need to drastically restructure the industry in order to make it more competitive and to ensure its growth and survival as a solid economic pillar in Belize's development.

Keywords: Agricultural and Food Policy; Environmental Economics and Policy; International Development (search for similar items in EconPapers)
Pages: 17
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/265548/files/wiae-2002-09.pdf (application/pdf)
https://ageconsearch.umn.edu/record/265548/files/wiae-2002-09.pdf?subformat=pdfa (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:carc02:265548

DOI: 10.22004/ag.econ.265548

Access Statistics for this paper

More papers in 24th West Indies Agricultural Economics Conference, July 9-13, 2002, Grenada from Caribbean Agro-Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().