In: Economics
To what extent do Caribbean countries today still exhibit evidence of plantation economies?
This question is asking about whether the economic and social systems that helped perpetuate the plantation economy still exist today. For example, remember that there are things like mercantilism and an over dependency on financing from colonial powers. These things have created structures and practices which are maintained to this day. Discuss.
Caribbean economy is more concerned with natural resources ,agriculture and tourism which in turn contributes to the economic and social change .Which even speaks about the social security where we can see the transformation from slave to plantation economy.
Caribbean plantation economies depends on the plantation model.The plantation model identifies rural and urban activities as components of the residentiary sector and the only evidence of structural transformation as lessening of the legacy of the slave economy.
In the Caribbean economy social development influence collective dialogue where it comprises two or more cultures,set with two or more objective and it avoid the unilateral imposition of a single choice and to reach agreement through negotiations and social development is less concerned with the tasks undertaken by society.Planning should be concerned in society where we can participate in everyday exercise from grass root level.
As a part of economic and social systems which describes the instruments and systems of communication among institutions ,social groups,voluntary associations and pressure or interest groups it still maintains plantation economy.It helps to make certain decision making on economic and social systems.This has even lead to the various human groupings,belonging generally sensitive to the ignorance of the norms imposed on them than to the norms imposed which gives a final touch to developmental process.