This is an especially impressive study, one really without equal in terms of its coverage and sophistication. . . . While the analysis is predominately neoclassical, it is sensibly and sensitively done, and there is much to be learned from these pages on the immense difficulties involved in designing and implementing appropriate small-state economic policy. The tug of economic reality facing small economies in an open-world economy make the push coming from internal interests a real balancing act, as Worrell appreciates. There are other points one might have liked Worrell to have touched...

Delisle Worrell . . . has written a thoughtful book that will be of value to businessmen, academics, policy analysts and others interested in the Caribbean. . . . The book covers many . . . important topics, such as regional economic integration, external debt and the growth of Caribbean manufacturing. The six technical appendices include an economic forecasting model for the Caribbean. Those who work in, or deal with, the Caribbean will find his book a valuable reference. "Business Economics"

This authoritative anthology contains papers which examine economic and monetary policy-making...