Notes on the private sector's recommendations to prepare CARICOM for the 21st century

Description: 15 pSubject(s): CARICOM | FISCAL POLICY | PRIVATE SECTOR | MONETARY POLICY | PUBLIC SECTOR | ECONOMIC DEVELOPMENTSummary: Notes on the report "The Caribbean Community in the 1980's" private sector sees the government as an "engine of economic development" and does not assign itself any critical role. Sound fiscal policy requires the limiting of aggregate government spending. This coupled with complementary monetary polices may act as stimuli for viable development. Existing difficulties within CARICOM point to the need for greater autonomy and press political control. While substantial contribution to economic development has been made by member governments of CARICOM, a redefinition of economic development is now required. A number of proposals including review of existing statutes and laws which impede conduct of business, decentralization of decision-making in the civil service, reduction of government expenditure and a free market in CARICOM currencies must be examined and implemented
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Notes on the report "The Caribbean Community in the 1980's" private sector sees the government as an "engine of economic development" and does not assign itself any critical role. Sound fiscal policy requires the limiting of aggregate government spending. This coupled with complementary monetary polices may act as stimuli for viable development. Existing difficulties within CARICOM point to the need for greater autonomy and press political control. While substantial contribution to economic development has been made by member governments of CARICOM, a redefinition of economic development is now required. A number of proposals including review of existing statutes and laws which impede conduct of business, decentralization of decision-making in the civil service, reduction of government expenditure and a free market in CARICOM currencies must be examined and implemented

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