The Performance of the Manufacturing Industry under Adjustment: The Case of Trinidad & Tobago

Philomen Harrison

Chapter 9 in Towards Sustainable Development in Central America and the Caribbean, 2001, pp 192-219 from Palgrave Macmillan

Abstract: Abstract There is no denying the importance of an adjustment programme in its goal of repositioning economies on a path of increasing private investment and sustainable growth. Most developing countries have over the last three decades been subjected to stabilization and structural adjustment programmes of the International Monetary Fund (IMF) and the World Bank. These programmes were implemented in response to a series of shocks experienced by developing countries. The central question of this chapter is to investigate the impact of adjustment on private investment focusing on selected manufacturing industries in order to explain why the expectations of adjustment policies, increased investment and growth, are not necessarily realized.

Keywords: Small Firm; International Monetary Fund; Large Firm; Real Exchange Rate; Private Investment (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-50212-3_9

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DOI: 10.1057/9780230502123_9

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