Dominica: strategic for stimulating the economy and for short-term adjustment following the unification of the European Market and the introduction of the new CET

By: Domminica. Ministry of Finance. Economic Development Unit
Publisher: Roseau, Dominica. 1993Description: 13 pSubject(s): ECONOMIC PLANNING | ECONOMIC POLICY | ECONOMIC PERFORMANCE | SINGLE EUROPEAN MARKET | TARIFFS | TARIFF AGREEMENTS | TRADE | DOMINICASummary: Reviews the economy of the island for the year 1992 and examines prospects for 1993. Predicts a decline in the agricultural sector's contribution to GDP as banana prices fall. Overall economic performance for 1993 will be poor. A short-term strategy for growth stimulation recommends government investment in pilot projects in new areas of investment, joint partnership with domestic and foreign investors, and government taking a leading role in developing bankable projects for private sector use. Specific actions required include an increase in banana production, new marketing strategy for sale of other crops, increased agro-processing and increase in visitor accommodation.
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Reviews the economy of the island for the year 1992 and examines prospects for 1993. Predicts a decline in the agricultural sector's contribution to GDP as banana prices fall. Overall economic performance for 1993 will be poor. A short-term strategy for growth stimulation recommends government investment in pilot projects in new areas of investment, joint partnership with domestic and foreign investors, and government taking a leading role in developing bankable projects for private sector use. Specific actions required include an increase in banana production, new marketing strategy for sale of other crops, increased agro-processing and increase in visitor accommodation.

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