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Caribbean economies have been faced with mounting challenges arising from the increasing pace of economic globalization. The financial crisis of 2007 further exacerbated economic instability due to high foreign debt, lack of competitiveness, declining productivity, and high unemployment and underemployment. This in turn has precipitated increasing social and environmental problems, including poverty, inequality, crime and violence, and environmental degradation, all of which require new perspectives and policy approaches for transformative change and sustainable development. In this two volume multidisciplinary edited book The Modern Caribbean Economy, Volume I provides scholars and practitioners with alternative theoretical perspectives and concrete policy recommendations, while Volume II discusses economic, industrial, and social problems facing the Caribbean along with pragmatic proposals to successfully deal with these, while building local resilience and enhancing institutional strength in the region.
About the author
Nikolaos Karagiannis is professor of economics at Winston-Salem State University, North Carolina, visiting professor at the University of Cambridge, England, and the co-editor of American Review of Political Economy. Dr. Karagiannis has published extensively in the areas of economic development, public sector economics, and macroeconomic policy analysis. He is particularly interested in developmental state theory and policy, and his research has focused on the applicability of this perspective in different contexts such as in EU countries, the United States, Caribbean economies, and North African countries.
