Abstract

Abstract Developing countries in Asia, Africa and Latin America have established a variety of regional integration schemes as part of an overall strategy of development. The conditions of underdevelopment and inequality in these regions pose a serious challenge to the theory and practice of economic integration. A clearer understanding of the process of regional integration leading to the adoption of policies more likely to contribute to development is provided by a theory of integration based on the economics and politics of underdevelopment. This theory focuses on the regional benefits of integration, their distribution within the region, and the impact of dependency on the integration process, to explain the present crisis of cooperation in the Caribbean Common Market and Community (CARICOM). The evolution of the Caribbean integration' movement provides lessons for other developing countries involved in regional integration schemes.

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