The Caribbean in the globalization era: Value chains and the new center-periphery relation

Authors

  • Emilio Pantojas-García Universidad de Puerto Rico

Keywords:

Globalization, value chain, Caribbean

Abstract

In this paper is carried an analysis of the process of redefinition and restructuring of Caribbean economies in the process called globalization and its impact on the economic development of the region. For this is given a description of the evolution of the center-periphery relation, following among others, the Prebisch-Singer and Wallerstein thesis. Subsequently is explained how globalization changes the paradigm of the global economy towards new concepts such as value chains. Finally is described how the process of contemporary globalization has restructured Caribbean economies, setting it as international service centers, focusing on tourism, entertainment and finance, and thus preserving the asymmetries that characterize a center-periphery economic relation.

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Published

2022-03-24

Issue

No. 13: JAN-JUN 2014

Section

Original reflection article

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