13551. 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