Economic Development of Caricom: From Early Colonial Times to the Present

Economic Development of Caricom: From Early Colonial Times to the Present It has been suggested that, if CARICOM nations wish to accelerate their development, they should embrace laissez-faire economic policies. However, laissez-faire economic policies have reinforced the very economic and social structures that have contributed to their low level of development; furthermore, laissez-faire economic policies ignore social attitudes that can greatly influence a nation's development. Moreover, low-skilled labor-intensive production processes, which once propelled growth in CARICOM nations, will no longer perform a similar role because production processes are becoming more and more knowledge-skills intensive, and nations wishing to attract foreign manufacturing investment or high-tech services may not be able to do so without an adequate pool of the necessary knowledge skills. CARICOM nations must therefore try to accumulate a pool of knowledge skills that can help their economies become internationally competitive. Autor: Winston H. Griffith Wydawnictwo: Anthem Press Rok wydania: 2021 Okładka: twarda Liczba stron: 200 Wymiary: 22.9 x 15.3 x 2.6 cm Język: angielski ISBN: 9781785278105