rch by Ronald Ramkissoon (2002), entitled, Explaining Differences in Economic Performance in Caribbean Economies. At the end of the research, the author hopes to be able to safely conclude on what the impact of globalisatin has been on SIDS of the Caribbean.
1.5 Limitations
Limitations in this thesis are largely based on the narrow word limit that the author has to cover such a broad topic, despite all efforts to narrow it down to two case studies.
While the author has done a thorough, there is infact a lack of country statistic and data in part, which has also limited the confines of the research.
Development is often measured by economic growth, the level of trade, investment, imports and exports or the human development index (HDI). The focus of this thesis is to assess the well being of individuals within the case studies and then further analyze changes within economic development.
The author will also employ the following approaches to further arrive to a fair conclusion.
Selection of a measure of development that is responsive to changes in the short term and reflective of the current issues facing developing economies;
Selection of a measure of openness that is reflective of participation in the international economy;
Selection of a time period which is representative of the current period of lobalization;
Analysis of movement in both the measure of openness and the measure of development over the lobalization period, and in the period preceding the lobalization period, in order to ascertain differences between the two times periods;
Analysis of the relationship between the measures of development and openness during the lobalization period, and in the period preceding the lobalization period, in order to ascertain differences between the two time periods;
Consideration of factors that have influenced the development of each of the subject countries during the lobalization period;
Consideration of factors that have influenced the openness of each of the subject countries during the lobalization period;
Comparison of the findings for each economy in order to understand and potentially explain similarities and dissimilarities.
1.8 Disposition
Chapater 2 provides a literature review of globalization and its theories. The chapter then explores globaliations role in the internation economy and developing cuntries. It then discusses the recent arguments that have emerged on globalizations impact on developing countries.
Chapter 3 examines Tarde and Investment thories as they relate to globalization. Common arguments for and against these theories are discussed with a review of what has transpired in the international economy, in developed and developing countries due to Trade and FDI.
Chapter 4 presents the economic theories that have emerged over the past six decades that focus on the implications of trade for developing countries. The alignment of these theories with the arguments presented in relation to globalisation and developing countries are considered. The rationale for only presenting trade within this chapter is that there is extensive literature on trade and developing countries, whereas investment theory has focused largely on explaining the investment flows between developed countri
