Resource-Driven, FDI-Facilitated Development in CARICOM: Myth or Reality?

Lou Anne Barclay
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Lou Anne Barclay: The University of the West Indies

Chapter 9 in Managing FDI for Development in Resource-Rich States, 2015, pp 169-187 from Palgrave Macmillan

Abstract: Abstract The main thesis of this study is that FDI-facilitated development occurs when governments formulate and implement industry policy in institutional environments characterised by embedded autonomy. To recapitulate, this is an institutional environment in which autonomous and efficient bifurcated bureaucracies in collaboration with an entrepreneurial and capable private sector formulate and implement industrial policies that allow developing countries to achieve FDI-facilitated development (see Figure 1.3). Chapters 5 to 8 examined the efficacy of the institutional environment that Jamaica, Guyana, Suriname and Trinidad and Tobago created to achieve resource-driven, FDI-facilitated development. These chapters examined this issue for the bauxite industry of Jamaica, Guyana and Suriname, and the proposed aluminium industry of Trinidad and Tobago.

Keywords: Private Sector; Industrial Policy; Cooperative Socialism; Human Resource Practice; Bauxite Mining (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-51609-1_10

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DOI: 10.1057/9781137516091_10

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