In The Economic Development of Barbados, Michael Howard discusses mainly economic factors influencing Barbadian economic development since the Second World War. He provides an interpretation of the role of foreign investment and public policy in the development process, within the conceptual framework of institutional structural analysis. The primary focus of this book is Sir Arthur Lewis's model of industrialization, sometimes known as the Puerto Rican model, which determined the dependent path of economy after 1960. Howard evaluates the economic consequences of this model with reference to...