 | Development and Stabilization in Small Open Economies: Theories and Evidence from Caribbean Experience Subjects: Area Studies; Economics Finance Business & Industry; Politics & International Relations; Comparative Politics; American Studies; Economics; International Political Economy; Caribbean Studies; Economic Forecasting; International Economics; Development Economics; Political Economy; Politics of International Trade; Development and Stabilization in Small Open Economies explains the nature of the economies of small countries and territories. It includes an assessment of material prosperity in 41 small open economies worldwide, with case studies focusing on the Caribbean and Central America, with a review of the development of their economies in recent decades. The volume recommends a suite of economic policy tools for the management of these economies, demonstrating how these may best be employed in economies that live and breathe through international commerce; while government policies affect international competitiveness and a small country's growth prospects, more important is how governments use additional resources to improve the quality of health and educational services. DeLisle Worrell is a member of the Bermuda Financial Policy Council, the Bretton Woods Committee, Washington DC, and the College of Central Bankers, Federal Reserve Bank of Philadelphia. He was Governor of the Central Bank of Barbados 2009-17. Dr Worrell founded the Bank's Research Department in 1973, and he subsequently oversaw the establishment of its Banking Supervision and Information Technology Departments. Dr Worrell spent a decade on the staff of the International Monetary Fund from 1997, and he has had fellowships at Princeton and Yale Universities, the Smithsonian Institution and the Peterson Institute (both in Washington, DC), and the US Federal Reserve. Dr Worrell is the author of Small Island Economies: Structure and Performance in the English-speaking Caribbean Since 1970 , and author or editor of several other economic titles and numerous articles on the open economy. His Ph D in Economics is from McGill University, Montreal. |
