The Caribbean Basin Economic Recovery Act went into effect in 1983. Commonly known as the Caribbean Basin Initiative (CBI), this trade program was promulgated and optimistically promoted by the Reagan administration as a means to accelerate Caribbean economic development. The CBI suspends U.S. import tariffs for select products from select Caribbean countries until 1995. Authorities report questionable or disappointing CBI performance to date. The context in which this performance has occurred is reviewed and hypotheses are set forth in an attempt to contribute to the understanding of this particular international trade program and U.S. international marketing in general.
- International Marketing
- Import Tariff
- Caribbean Country
- Caribbean Basin
- Trade Program
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
This is a preview of subscription content, access via your institution.
Unable to display preview. Download preview PDF.
Caribbean Basin Business Information Starter Kit. 1984. U.S. Department of Commerce, International Trade Administration. May, 1984.
"Caribbean Basin Initiative." 1985. Wall Street Journal (March 18):1.
Caribbean Basin Initiative Guidebook. 1987. U.S. Department of Commerce, International Trade Administration, U.S. and Foreign Commercial Service.
"CBI Progress and Results To-Date." 1987. CBI Business Bulletin (February): 3–4.
"Caribbean Basin Initiative Stimulates New Business." 1985. Business American 8 (May 13): 19.
"CBI Value Draws Mixed Reviews." 1985. Journal of Commerce and Commercial 356 (October 25): 1.
McClenahen, John S. 1984. “Caribbean Basin Initiative’s Encouraging Start." Industry Week (June 11): 22.
Reagan, Ronald. 1983. From a speech delivered at the White House ceremony celebrating passage of the Caribbean Basin Economic Recovery Act, October 5, 1983. Reprinted in Understanding the Caribbean Basin Initiative. Washington: United States Information Agency.
Stone, Carl. 1986. Class, State. and Democracy in Jamaica. New York: Praeger.
"The Initiative That Wasn’t." 1986. Newsweek (December 1): 44.
"The Caribbean Basin Trade Outlook." 1987. CBI Business Bulletin 4 (No. 3, April): 2.
Wylie, Scott. 1985. “CBI: One Year Later." Business America 8 (January 7): 2–3
Editors and Affiliations
Rights and permissions
© 2015 Academy of Marketing Science
About this paper
Cite this paper
Busbin, J.W. (2015). The Caribbean Basin Initiative: A Review and Analysis of its Questionable Performance to Date. In: Bahn, K. (eds) Proceedings of the 1988 Academy of Marketing Science (AMS) Annual Conference. Developments in Marketing Science: Proceedings of the Academy of Marketing Science. Springer, Cham. https://doi.org/10.1007/978-3-319-17046-6_87
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-17045-9
Online ISBN: 978-3-319-17046-6
eBook Packages: Business and EconomicsBusiness and Management (R0)