CARICOM Countries and the Caribbean Basin Initiative

Griffith, Winston H.

doi:10.1177/0094582x9001700103

Cited by 17 publications

(5 citation statements)

References 4 publications

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“…Pantin's (1990) and Goss and Conway's (1992) discussions of export promotion through foreign direct investment reveal that these strategies had little impact on economic development for many Caribbean countries. Griffith (1990) finds that, notwithstanding the Caribbean region's proximity to the United States and its relatively low labour costs, the impact of the Caribbean Basin Initiative (the CBI) and the resulting export processing zones were likely to be limited because of the ''quality of investment occurring under the CBI''.…”

Section: The Performance Of the Export Promotion Modelmentioning

confidence: 99%

Entrepreneurship and competitiveness dynamics in Latin America

2008

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This study analyses the relationship between entrepreneurial dynamics and the level of competitiveness in Latin American countries. Based on a stage of economic development model, we demonstrate that Latin American countries under the model followed different paths related to competitiveness. These different paths can explain the effect of specific competitiveness conditions on entrepreneurial dynamics in Latin America.

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Section: The Performance Of the Export Promotion Modelmentioning

confidence: 99%

Entrepreneurship and competitiveness dynamics in Latin America

2008

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“…The CBI came into effect after the “enactment of the Caribbean Basin Economic Recovery Act” (Bernal, 2015). On February 24, 1982, Reagan stated that the CBI aimed at helping Caribbean Basin countries “earn their own way towards self‐sustaining growth” (Griffith, 1990). Such was done through the provision of substantial aid that sought to promote private sector investments and stimulate private, national, and foreign investment (Griffith, 1990).…”

Section: A Concise Overview Of the Caribbean Basin Initiativementioning

confidence: 99%

“…On February 24, 1982, Reagan stated that the CBI aimed at helping Caribbean Basin countries “earn their own way towards self‐sustaining growth” (Griffith, 1990). Such was done through the provision of substantial aid that sought to promote private sector investments and stimulate private, national, and foreign investment (Griffith, 1990). The CBI's main goals were to encourage foreign and domestic investments aimed at diversifying Caribbean economies and to increase “export earnings by eliminating US customs duties on most items manufactured or assembled in the region,” but it was also a US foreign policy tool intended to promote economic development and political stability to “stabilize the Caribbean Basin during the 1980s” (Campbell, 2014, p. 40).…”

Section: A Concise Overview Of the Caribbean Basin Initiativementioning

confidence: 99%

Rethinking the Caribbean Basin Initiative: A case study of US foreign policy toward the Caribbean

Quashie

2023

Latin American Policy

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An analysis of the history of US–Latin America and Caribbean relations shows that the Monroe Doctrine has been revamped through the Caribbean Basin Initiative. This article provides a concise overview of the Initiative. Then, we report empirical findings from a qualitative study conducted in the Caribbean, which discusses the most salient problems associated with the Initiative. The findings show that Caribbean Basin Initiative‐related problems stem mostly from the fact that it is a goods‐only agreement; moreover, the initiative's rules of origin, unilateral nature, and uncertainty are exacerbated by the fact that most beneficiaries are service‐oriented economies, they suffer from a supply constraint, and they lack the competitive edge with larger economies that export similar goods to the United States. These problems can be ameliorated through a rethinking of the Caribbean Basin Initiative.

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“…bauxite in the late '70s (Jamaica), oil in the early '80s (Ecuador), tin in the mid-80s (Bolivia), coupled with rising real interest rates on foreign debt from 1978 onwards, created debt-servicing crises and forced structural adjustment. Contemporary histories of export collapse, severe foreign debt, and forced political-economic restructuring, have been told for most Caribbean Basin countries (Barry et al 1986;Thomas 1988;Deere et al 1990;Griffith 1990a;McAfee 1991;Culpepper 1991;Ramsaran 1992;Bakan et al 1993;Klak 1995).…”

Section: Introductionmentioning

confidence: 99%

Distributional Impacts of the‘Free Zone’Component of Structural Adjustment: The Jamaican Experience

Klak

1996

Growth and Change

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Our understanding of the socio-economic and geographical impacts of structural adjustment has not kept pace with the transformations, and this paper responds to this problem. Faced with massive foreign debt and a collapse of traditional exports, governments throughout the developing world have agreed to World Bank-and International Monetary Fund (IMF)-prescribed structural adjustment and to its component industrial free zones. The zones are designed to attract foreign manufacturers to produce for export, and thereby generate hard currency for governments and jobs for young women. Jamaica, which has experienced a greater foreign debt burden and more structural adjustment agreements than virtually any other third world country, provides a case study of free zone policy. The research employs a political economy approach (Barnes 1993, whereby conventional wisdom that free zones contribute positively to Third World development is initially scrutinized. Free zones are examined with respect to the historical, social, and spatial contexts in which they are imbedded, and social groups affected by free zones are disaggregated by class and gender to expose power relationships and differential impacts. Most evidence is drawn from internal Jamaican government records and interviews with public and private managers involved with the free zones. The findings indicate that the costs and benefits of free zone promotion are distributed very unevenly with respect to class, gender and location. Thomas Klak is an associate professorof geography at Miami University, Oxford, OH 45056, and adjunct associate professor of geography, Ohio State University, Columbus, OH 43210. The research received travel support from Miami University's Geography Department, College of Arts and Science, Office of International Programs, and Committee for Faculty Research. Debra Lundberg and Jamie Rulli provided helpful research assistance, while Alan Gilbert, Tom Leinbach and the reviewers offered valuable suggestions.

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CARICOM Countries and the Caribbean Basin Initiative

Cited by 17 publications

References 4 publications

Entrepreneurship and competitiveness dynamics in Latin America

Entrepreneurship and competitiveness dynamics in Latin America

Rethinking the Caribbean Basin Initiative: A case study of US foreign policy toward the Caribbean

Distributional Impacts of the‘Free Zone’Component of Structural Adjustment: The Jamaican Experience

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