Development, Political, and Economic Difficulties in the Caribbean
This edited volume focuses on the attempts of various Caribbean countries to diversify their economies and societies. It is done in the context of political and economic difficulties that these countries have faced since the 2007-2008 economic crash and h
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Development, Political, and Economic Difficulties in the Caribbean
Ann Marie Bissessar Editor
Development, Political, and Economic Difficulties in the Caribbean
Editor Ann Marie Bissessar Faculty of Social Sciences The University of the West Indies St. Augustine, Trinidad and Tobago
ISBN 978-3-030-02993-7 ISBN 978-3-030-02994-4 (eBook) https://doi.org/10.1007/978-3-030-02994-4 Library of Congress Control Number: 2019930040 © The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2019 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover image © Halfdark / Getty Images Cover design: Ran Shauli This Palgrave Macmillan imprint is published by the registered company Springer Nature Switzerland AG The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
This book is dedicated to my best friend, my beloved nephew “The Captain is Now Sleeping” Angelo Bissessarsingh (1982–2017)
Acknowledgements
Putting together an edited collection is an extremely difficult and time- consuming task. I wish to thank lecturers and colleagues who worked so assiduously to get this book to completion by providing their chapters in a timely fashion. I also would like to acknowledge the contributions of Etta Greenaway and Akeeta Ali who assisted with the editing of the book. Without their assistance the completion of this book would not have been possible.
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Contents
1 Development, Political, and Economic Difficulties in the Caribbean 1 Ann Marie Bissessar 2 The Diversified Economy: Possibilities from Modern Portfolio Management 13 Chandra Shekhar Bhatnagar, Vaalmikki Arjoon, and Prakash Ramlakhan 3 What Drives Economic Diversification in CARICOM Economies? 37 Vaalmikki Arjoon, Chandra Shekhar Bhatnagar, and Prakash Ramlakhan 4 Human
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