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1. Caribbean Tourism: Igniting the Engines of Sustainable Growth

Author:
Anthony T. Bryan
Publication Date:
11-2001
Content Type:
Working Paper
Institution:
The North-South Center, University of Miami
Abstract:
Tourism drives economic growth in ways that make it one of the best engines for job creation and development for poor countries that possess natural beauty and relevant infrastructure. The industry is highly labor intensive and encourages entrepreneurship. Under its ambit, property owners, restaurants, and local suppliers of goods and services, among others, develop the habits of risk taking without which no economy can realize its full potential. Tourism holds out the prospect of a better life for those stakeholders who make money from it. Not unlike trade, it improves an economy's competitiveness. Trade does so because it stimulates local suppliers to match the quality and variety of imported goods. Tourism does so because returning travelers to a destination demand the goods and services they have seen in other countries (Elliott 2001).
Topic:
Development, Environment, and International Trade and Finance
Political Geography:
United States, Latin America, and Caribbean

2. The New Face of Regionalism in the Caribbean: The Western Hemisphere Dynamic

Author:
Anthony T. Bryan and Roget V. Bryan
Publication Date:
03-1998
Content Type:
Working Paper
Institution:
The North-South Center, University of Miami
Abstract:
Regionalism in the Caribbean has emerged as a response to overcoming the development constraints of small size. The theories and strategies that helped to advance the process of Caribbean integration are undergoing a revision because of the process of globalization and the momentum toward free trade in the Western Hemisphere. The Caribbean countries now have to adapt rapidly to the new global liberalization process, based on reciprocal commitments. The way forward is not easy. The road map for the new regionalism in the Caribbean reflects a paradigm shift in the earlier theory and practice of integration. This paper explores the new face of regionalism within the context of second generation regional integration theories and smaller economies' agendas. The dynamic is much more complicated than originally conceived by Caribbean theorists and economists.
Topic:
Development, Emerging Markets, Globalization, International Organization, and International Trade and Finance
Political Geography:
Caribbean