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Barbados is a small, open island economy with one of the highest trade/GDP ratios in the Western Hemisphere. Because trade plays such a dominant role in the Barbadian economy, it also substantially determines the country¿s development prospects. Exports are particularly important in this...
Persistent link: https://www.econbiz.de/10010672769
Trade can be a powerful engine of growth. In today¿s global economy, where investment moves quickly across borders and continents, and trade barriers are rapidly coming down, a competitive exporter has much to gain. In an ever-more liberalized world economy, however, competition is also that...
Persistent link: https://www.econbiz.de/10010672902
Jamaica is a small, open island economy with one of the highest trade/GDP ratios in the Western Hemisphere. Because trade plays such a dominant role in the Jamaican economy, it also substantially determines the country¿s development prospects. Successful participation in the global economy...
Persistent link: https://www.econbiz.de/10010673082
Economic growth in the Caribbean Community (CARICOM) has been slow in the last two decades, averaging just 1.8 percent a year, compared to annual growth of 3.5 percent in the world economy and 4.3 percent in developing countries. Growth has varied considerably among CARICOM¿s 15 member states,...
Persistent link: https://www.econbiz.de/10010673483
On 4 July 1998, the Caribbean Community (CARICOM) celebrated its twenty-fifth anniversary. CARICOM is one of the oldest integration schemes in the Western Hemisphere, the largest in terms of membership, yet by far the smallest in economic and geographic terms. In the wake of its historic...
Persistent link: https://www.econbiz.de/10010673867