Question
In the context of Caribbean Economy write short notes on the following: a. Errors of Commission b. Hinterlands of Exploitation c. The two paradoxes of
In the context of Caribbean Economy write short notes on the following:
a. Errors of Commission
b. Hinterlands of Exploitation
c. The two paradoxes of the Mechanism of the Open Petroleum Economy
d. Three (3) characteristics of the special or atypical case as described by Dudley Seers in the Limitations of the special case"
e. Rentier Economy Hypothesis
f. Two reasons that remittances are important to Caribbean Economies
g. The role of the IMF in Caribbean macroeconomic management
h. Plantation Economy Rules of the Game'
2. Discuss Arthur Lewis's proposal for Caribbean development carefully detailing the rationale for, and main elements of, his "industrialization by invitation" strategy.
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