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- W99134346 abstract "This chapter focuses on the Caribbean economy and the New International Economic Order. Caribbean academics, technicians, and politicians have been so insistent that the key to economic decolonization must be a restructuring of Third World economies to create logical and indigenous systems of production that can create surpluses for export so as to make it possible to buy the things that cannot be produced locally. This is an imperative that cuts across questions of ideology, as nothing can assure the capacity of the national economies to accumulate a surplus, secure from the constant erosion of export earnings by adverse terms of trade. The argument is simple, if the commodities that are exported have no value for one's own society, and are in fact developed to serve a need of the dominant metropolitan trading partner, then a deterioration of the terms of trade leaves one's country with a reduced quantum of real international purchasing power. Neither the export commodities nor the resources that produce them can be switched to domestic use. This reflects a structural misallocation of the human and natural resources of the country." @default.
- W99134346 created "2016-06-24" @default.
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- W99134346 date "1980-01-01" @default.
- W99134346 modified "2023-10-14" @default.
- W99134346 title "The Caribbean Economy and the New International Economic Order" @default.
- W99134346 doi "https://doi.org/10.1016/b978-0-08-025118-9.50011-5" @default.
- W99134346 hasPublicationYear "1980" @default.
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