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Small Island Economies Delisle Worrell

Small Island Economies By Delisle Worrell

Small Island Economies by Delisle Worrell


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Summary

The tug of economic reality facing small economies in an open-world economy make the push coming from internal interests a real balancing act, as Worrell appreciates.

Small Island Economies Summary

Small Island Economies: Structure and Performance in the English-Speaking Caribbean Since 1970 by Delisle Worrell

This is an especially impressive study, one really without equal in terms of its coverage and sophistication. . . . While the analysis is predominately neoclassical, it is sensibly and sensitively done, and there is much to be learned from these pages on the immense difficulties involved in designing and implementing appropriate small-state economic policy. The tug of economic reality facing small economies in an open-world economy make the push coming from internal interests a real balancing act, as Worrell appreciates. There are other points one might have liked Worrell to have touched upon, but this work is really in a class by itself; there is no other general economic study of the region that is even remotely comparable. Choice Dr. Worrell has been Director of Economic Research at the Central Bank of Barbados for over ten years. During this time he has observed firsthand the economic fluctuations in the Caribbean, advised the Barbados Government on policy, and written about the issues. Small Island Economies offers the author's reflections on the English-speaking Caribbean's economic performance during the last fifteen years. This insightful volume will be of use to specialists of developing and comparative economies and third world scholars, as well as those concerned with present-day international relationships.

About Delisle Worrell

DELISLE WORRELL is currently Director of Research and Information, Central Bank of Barbados.

Table of Contents

Economic Performance and Structure in the Caribbean The Caribbean: The World Environment after 1970 Growth and Stabilization in Barbados The Impoverishment of Guyana Economic Decline in Jamaica, 1970-84 Trinidad and Tobago: Consequences of the Oil Boom The Microstates: Adjustment without Policy Intervention Economic Integration, Growth and Stabilization Adjustment Policies in Small Open Economies: Lessons from the Caribbean Experience Appendix A: Analysis of Domestic and External Effects on the Balance of Payments Appendix B: Model for Economic Forecasting in the Caribbean (with Carlos Holder) Appendix C: Fiscal, Monetary and Exchange Rate Policies in the Caribbean Appendix D: External Debt and Debt Service in the Caribbean Appendix E: Protection, Incentives and the Growth of Caribbean Manufacturing Appendix F: A Methodology for Simulating the Effects of External Shocks References Index

Additional information

NPB9780275927950
9780275927950
0275927954
Small Island Economies: Structure and Performance in the English-Speaking Caribbean Since 1970 by Delisle Worrell
New
Hardback
Bloomsbury Publishing Plc
1987-10-30
306
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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