Beyond Tourism
In recent years, the small economies of the Caribbean1 have entered a time of extraordinary economic uncertainty, as traditional industries face new challenges amid a fiercely competitive global environment. The process of globalization over the past few decades has had a profound effect on developing countries worldwide, and the Caribbean has been no exception. Dramatic advancements in technology have lowered barriers to entry, minimized transportation costs, and maximized specialization so that production of goods and services increasingly takes place across borders
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