The remarkable surge in Chinese economic productivity, especially since the turn of the century, has been of material benefit to every economy in the world trading system, and the Caribbean has shared in those benefits. The most substantial benefit to the Caribbean from the relationship with...

This chapter explores the tools available to policy-makers in small developing countries, to ensure balance in the short run and growth in the long run. Our point of departure is the "Washington consensus", including policies for fiscal reform, exchange rate adjustment, trade liberalization,...