Published online by Cambridge University Press: 02 January 2018
Faced with rapid changes in the global system, most Caribbean countries may seem to be doing everything right. The English-speaking Caribbean countries, in particular, have been exemplary in their practice of democracy and political stability. Others, such as Suriname and Haiti, are nurturing new democratic regimes. Economically, the region has followed the neoliberal reform rule book and implemented policies mandated by the International Monetary Fund (IMF) and the World Bank. They have trimmed fiscal deficits, privatized state-owned commercial enterprises that were losing money, and liberalized their trading regimes. These measures have been implemented either by reform-minded governments or governments which have seen no alternative. Only Cuba continues to labor under a discredited, ideological model that does not encourage democracy, while its economy mirrors some version of “á la carte capitalism” in the face of an accelerated US embargo.
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