Structural Adjustment and Transformation in the Caribbean: Management Strategies Based on the Lessons of Experience

Terrence W. Farrell

Chapter 9 in Peace, Development and Security in the Caribbean, 1990, pp 180-201 from Palgrave Macmillan

Abstract: Abstract In the 1950s and 1960s, policy makers in the Third World were preoccupied with the problems of long-run development. Their concerns ranged over issues such as how to raise the domestic savings rate, what kind of industrialisation strategy should be pursued, and what should be the appropriate role of government in national investment programmes. These preoccupations of policy took place in the context of an especially propitious international environment. World trade was growing and the major industrial countries were experiencing strong growth with low levels of unemployment and low inflation rates. The international monetary and financial systems, founded on the Bretton Woods fixed exchange rate arrangements, were conducive to the expansion of trade and the growth of national economies.

Keywords: Small State; Structural Adjustment; National Environment; External Shock; Current Account Deficit (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-10244-0_9

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DOI: 10.1007/978-1-349-10244-0_9

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