Commonwealth Caribbean Corporate Governance
51 Pages Posted: 23 May 2015
Date Written: May 21, 2015
The thesis of this chapter argues that the neo-liberal economic paradigm is pervasive and dangerous especially for small countries. The focus is of the paper is on the Caribbean. There, neo-liberalism has increased inequality between individuals and between countries using a contractual model of companies and treaties, which disadvantages individuals, small companies and poor countries. It is predicated on selfishness allowing less democracy, more environmental destruction and instability. The chapter unpacks the roots of neo-liberalism from the metaphysical origins moves on to rationalism and the concept of a just society and argues that we have an unjust social order peopled by power brokers particularly multinational companies and the ‘Unholy Trinity’ of the World Bank, The International Monetary and the World Trade Organisation. These actors have implemented a global structure in which many countries are forever indebted and poor using Multilateral and Bilateral Treaties and arbitration. The paper will further argue that that the situation in the Caribbean has been exacerbated by the lingering legacy of slavery.
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