The practice of economic management : a Caribbean perspective / Courtney N. Blackman.

Format:

Book

Author/Creator:

Blackman, Courtney, author.

Language:

English

Subjects (All):

Balance of payments--Caribbean, English-speaking.

Balance of payments.

Debts, Public--Caribbean, English-speaking.

Debts, Public.

Economic development--Barbados.

Economic development.

Economic development--Caribbean, English-speaking.

Barbados--Economic policy.

Barbados.

Caribbean, English-speaking--Economic policy.

Caribbean, English-speaking.

Physical Description:

1 online resource (xxv, 422 pages) : illustrations

Place of Publication:

Kingston ; Miami : Ian Randle Publishers, [2006]

Summary:

The Caribbean region is not short of economic theories both home-grown and imported that attempt to explain and prescribe models for the development and management of their small and fragile economies. From the writings of Novel Laureate W. Arthur Lewis in the 1940s and 1950s, which advocated the use of international capital to advance the rapid industrialization of the region, to the prescriptions of the New World economists of the 1970s, which urged Caribbean governments to delink their economies from the metropoles and assume control of their indigenous resources, to the modern day neo-liberal free market advocates - all have claimed to be the correct models for Caribbean economic development and sustainability.Courtney Blackman rejects the ideological approaches of the Marxist/Radical left, the 'dependency' model of the New World economists and the free market 'Washington Concensus'. Instead, he puts forward with refreshing candour, incisive analysis and rare clarity of expression, in 22 lively essays, problem-oriented and managerially practical policies that are rooted in Caribbean history, culture and interests.Three themes run consistently throughout the essays: first, the need to cultivate a culture of management; second, small states are inherently more manageable than large ones and the returns to superior management correspondingly greater; third, decision makers in small states should not accept uncritically alien ideologies and theories, but should think for themselves and develop strategies rotted in their natural interests and aspirations. Combining the deep understanding of economics and management with long and successful experience as a national economic and financial policy maker, Blackman's essays span a period of three decades and the validity of their premises can justifiably be claimed to have met the test of history.

Contents:

Two lost decades : retrospect and prospect

A systems approach to planning models for small dependent economies : with special reference to the Caribbean

The economic management of small island Developing Countries

An analytical framework for the study of Caribbean public enterprise

Critique of 'Guidelines for economic development: strategy for CARICOM countries into the 21st century'

The international debt crisis in Third World perspective

The balance of payments crisis in the Caribbean : which way out?

A heterodox approach to the adjustment problem

Factors in the choice of an exchange rate regime : with special reference to the Caribbean.

The free market in the context of globalization : myth, magic or menace?

Finance, investment and economic development : towards an investment-friendly financial environment

Sense and nonsense in agricultural credit: interest rate policies in Jamaica

Dollarization : the pros and cons for Caribbean States.

The agony of the Eight revisited

Wage/price guidelines for increasing international competitiveness in the Caribbean

Critical issues of national productivity

Management, education and national policies

The changing Caribbean business environment : implications for Caribbean business enterprises

The economist as adviser

Economic strategy and growth in Barbados : from colonial times to the year 2000

The Barbadian economy since independence : a glance backward and a look ahead

The Barbados model.

Notes:

Includes bibliographical references and index.

Description based on print version record.

ISBN:

9789766377595

9766377596