Index

• Author: Courtney Blackman
• Pages: 414-422

THE PRACTICE OF ECONOMIC MANAGEMENT

414

Adaptive mechanism: in open systems,

29

Adjustment management: principles

of, 161–168

Administration: in economic

development, 25

Administrative component. See

Administration

Agony of Eight, The (Lewis), 273–274

Agriculture: in Barbados, 401–402

Agricultural policy: rationale of the

European, 250–252

Agricultural subsidies: USA, 212, 253,

255

Applied economists, 352

Argentina: foreign exchange crisis,

195–197

Ashby, W. Ross: on adaptive systems,

29

Asian tigers: incomes policy, 295

Authoritarianism: in the Caribbean,

275–278

Baker initiative: and the debt crisis,

114

Bahamas, The: exchange rate regime,

179–180, 300; foreign currency

securities, 180

Balance of payments: adjustment

process, 158–160; and equity, 168–

170

Balance of payments crisis:

Caribbean, 117–153; Guyana, 185;

Jamaica, 187

Balance of payments equilibrium: and

exchange rate policy, 299, 302

Balance of payments model, 128–146

INDEX

Banana industry: and free trade, 221–

222

Bank of Guyana: reserves, 185

Bank of Jamaica: reserves, 187

Barbados: alternative budget,

authoritarianism in, 277–278;

balance of payments crisis, 120–123,

153; credit control in, 132–133;

exchange rate policy, 300; fiscal

deficits (1990s), 380; fixed exchange

rate regime, 181; economic policy,

157–158; economy, 374–412; foreign

trade (1977), 125–126; historical

background; 406–412; IMF loan

(1990s), 381, 382; IMF standby

agreement (1982–84), 112–113;

interest rate performance, 251–252;

investment in education (1960s),

375–376; 1960s economy, 375–376;

1970s economy, 376–379; 1980s

economy, 379–380; offshore

industry, 380; structural adjustment

programme, 181; sugar industry

bonds, 255

Barbados model: of development,

404–413

Barrow, Prime Minister Errol

(Barbados): and establishment of

CARIFTA, 377

Beckford, George: and the

dependence thesis, 35–36; Jamaican

economist, 21; and the mechanistic

model, 36; and ownership and

control in development, 22

Belize: fixed exchange rate regime,

182–183

Bertalanffy, Ludwig Von: and the

General Systems theory, 27–28, 32,

36