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Structural Adjustment and Transformation in the Caribbean: Management Strategies Based on the Lessons of Experience

In: Peace, Development and Security in the Caribbean

Author

Listed:
  • Terrence W. Farrell

Abstract

In the 1950s and 1960s, policy makers in the Third World were preoccupied with the problems of long-run development. Their concerns ranged over issues such as how to raise the domestic savings rate, what kind of industrialisation strategy should be pursued, and what should be the appropriate role of government in national investment programmes. These preoccupations of policy took place in the context of an especially propitious international environment. World trade was growing and the major industrial countries were experiencing strong growth with low levels of unemployment and low inflation rates. The international monetary and financial systems, founded on the Bretton Woods fixed exchange rate arrangements, were conducive to the expansion of trade and the growth of national economies.

Suggested Citation

  • Terrence W. Farrell, 1990. "Structural Adjustment and Transformation in the Caribbean: Management Strategies Based on the Lessons of Experience," Palgrave Macmillan Books, in: Anthony T. Bryan & J. Edward Greene & Timothy M. Shaw (ed.), Peace, Development and Security in the Caribbean, chapter 9, pages 180-201, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-10244-0_9
    DOI: 10.1007/978-1-349-10244-0_9
    as

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