Abstract
During the last two decades fundamental changes have taken place in the global economy that make it difficult for Caribbean countries to realize high rates of economic growth and to be competitive internationally given their present economic structure of production. Consequently, it has become necessary to restructure Caribbean economies. This article contends that if they restructure their economies at the regional level, and if they can create an appropriate supply of knowledge skills which must be at the heart of any restructuring process in the region, Caribbean countries can develop new products and services, become internationally competitive, and experience higher rates of growth and development.
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