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Imperial Power and Regional Trade - The Caribbean Basin Initiative

Imperial Power and Regional Trade

The Caribbean Basin Initiative

Edited by Abigail B. Bakan, David Cox, and Colin Leys
Subjects Political Science, Business & Economics, Economics
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Paperback : 9780889202207, 276 pages, May 1993

Table of contents

Table of Contents for
Imperial Power and Regional Trade: The Caribbean Basin Initiative, edited by Abigail B. Bakan, David Cox, and Colin Leys

List of Tables

Preface

1 The CBI: An Overview

1 Introduction

2 The CBI: Its Fundamental Features

3 The CBI Package

4 United States Hegemony and the Caribbean Basin

5 Subsequent Developments in the CBI

2 The Political Logic of the CBI | Devanand J. Ramnarine

1 Introduction

2 The Reagan Doctrine and the Caribbean Basin

3 The CBI in the Context of the Legitimacy Crisis

4 The Political Realities of the CBI

5 Conclusions

3 Britain, the Carribean Basin, and the Caribbean Basin Initiative | Colin Leys

1 Introduction

2 Britain and the Caribbean Basin before the CBI

3 Britain and the CBI—Economic Aspects

4 1992—The Single European Market

5 The Political and Military Aspects of the CBI

6 The British Response after Grenada

7 Conclusion

4 Caribcan: Canada's Response to the Caribbean Basin Initiative | Catherine Hyett

1 Introduction

2 Background to the Caribcan Program

3 Principal Features

4 Linked Programs

5 Trends in Canadian Trade with the English-speaking Caribbean

6 Trends in Canadian International Trade

7 Responses to Caribcan

8 Concluding Remarks

5 The Philosophy and Developmental Prospects of the CBI | Devanand J. Ramnarine

1 Introduction

2 The Economic Crisis of the Caribbean Basin

3 Official Explanation of the Caribbean Basin's Economic Crisis

4 Solutions to the Caribbean Basin Economic Crisis: The Developmental Assumptions of the Caribbean Basin Initiative

5 Overview of the Performance of the CBI

6 Official Evaluation of the Progress of the CBI

7 Critical Evaluation of the CBI

8 The Role of Factors Beyond the CBI

9 The CBI and US Economic Interests

6 The Impact of the CBI on Barbados, Jamaiva, and Grenada: An Assessment | Catherin Hyett

1 Introduction

2 Barbados

3 Jamaica

4 Grenada

5 Conclusion

7 The CBI and Industrial Development in Trinidad and Tobago | Godwin Friday

1 Introduction

2 Overview of the CBI

3 Development Strategy, Labour Struggles, and Economic Nationalism

4 Current Economic Conditions

5 Investment Policies and Priorities

6 Overview of Industrialization in Trinidad and Tobago

7 The CBI: Actual Performance

8 Conclusion

7 The CBI and the Caribbean Community: The Implications of the CBI for the Regional Integration Movement | Fauzya Moore

1 Introduction

2 The Emerging Regional Crisis, CARICOM

3 The Impact of the CBI

4 Preliminary Considerations

5 The Heads of Government Conferences

6 The Post-Nassau Environment

7 Conclusion

Notes

Selected Bibliography

Index

Description

The election of Ronald Reagan as President of the United States in November 1980 opened a new chapter in international relations; U. S. foreign policy shifted from an alliance-based, consensual approach to one based on a more overt use of its immense economic and, above all, military power. This policy entailed some stark choices for the U. S.A. ’s allies and neighbours and, above all, for the small countries of Central America and the Caribbean.

This revealing book tells the story of the Caribbean Basin Initiative (CBI), through which the new assertion of U. S. hegemony in the region was expressed. The CBI entitled “friendly” countries of the region (i. e., excluding Cuba, pre-invasion Grenada and Nicaragua) to military and economic aid plus incentives, modelled on the so-called “Puerto Rican miracle,” so as to reorient their trade towards the U. S.A. The authors carefully compare the claims made for the CBI with its underlying political objectives and examine its actual impact on regional development through detailed case studies of the Eastern Caribbean and Trinidad.

Also examined are the impact of the CBI on Caribbean regional integration and the responses of Canada and Britain, the two other major countries with long-standing political and economic interests in the Caribbean. What emerges from this investigation is the way the CBI reflects the U. S.A. ’s historic quest for regional dominance, rather than a new era in Caribbean development.