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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