Globalisation and International Competitiveness: The Future of the Caribbean Require Reform Changes
30 Pages Posted: 24 Apr 2017
Date Written: January 25, 2017
Despite liberalization efforts, compelling evidence suggest that the region is waning in its efforts to create a sustainable development path. This research addressed key the question: Can CARICOM countries maintain positive economic growth rates in an era of increasing globalization under the same modus operandi — without meaningful improvements in their international competitiveness? Analysis of the region's state of affairs reveals concerns regarding the measurements and levels of competitiveness in trade, and a need for compelling swift action. Comprehensive policy reform which enhances regional competitiveness should be the primary role for governments as they embark onto an alternate sustainable development path.
Keywords: Trade, Caribbean, Globalization, Macroeconomic Policy, Policy Reform, Developing
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