Transcription of GLOBALISATION AND THE CARIBBEAN
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GLOBALISATION AND THE CARIBBEAN
GLOBALISATION AND THE CARIBBEAN Patrick Kendall Economist CARIBBEAN Development Bank January 2008 2 If you can t see the world, and you can t see the interactions that are shaping the world, you surely cannot strategise about the world. And if you are going to deal with a system as complex and as brutal as GLOBALISATION , and prosper within it, you need a strategy for how to choose prosperity for your country or company 1/ Introduction GLOBALISATION has already impacted the economies and societies of the CARIBBEAN , and, with the current pace of technological and other changes, its effects will Given its complexity, its potentially disruptive power together with its opportunities, there is clearly immense need to understand it, to take advantage of whatever benefits it offers and to minimise potentially negative outcomes.
5 Of particular importance as regards market development in this era of globalisation is the unprecedented development of international financial markets.
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