Abstract
The previous chapter looked at FDI in India. This chapter shows how FDI has affected the small economies in the Caribbean. Most Caribbean countries have pursued an open door policy to FDI from around 1960. This policy was based on the provision of generous tax incentives to foreign investors. Originally, most FDI went to import substitution industries, petroleum and bauxite. Gradually after 1980, FDI in the smaller islands shifted to service industries such as tourism and informatics. The openness of Caribbean economies facilitated the inflow of FDI.
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© 2006 Arindam Banik and Pradip K. Bhaumik
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Banik, A., Bhaumik, P.K. (2006). Foreign Investment: The Caribbean. In: Foreign Capital Inflows to China, India and the Caribbean. Palgrave Macmillan, London. https://doi.org/10.1057/9780230800779_6
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DOI: https://doi.org/10.1057/9780230800779_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-50731-3
Online ISBN: 978-0-230-80077-9
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)