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The agricultural economies of countries in the Caribbean are based on one
or two major export crops, sugar and banana. These exports provide the foreign
exchange needed to import consumer goods. Over time, other activities (e.g.
tourism, off-shore banking) have taken over as the principal economic activities
in the region, particularly in the smaller countries. However, not all countries
in the region have succeeded in this transition towards a modern economy. In
some countries, agriculture constitutes more than 25 percent of GDP and agricultural
development has significantly lagged behind the rest of the economy. As a
consequence, many Caribbean countries nowadays run major agricultural trade
deficits and some of them, notably the smaller and richer countries in the
region are extremely agricultural import dependent.
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