Economy of the Caribbean
Caribbean Community, Caribbean Food Crops Society
978-613-9-78716-6
6139787165
56
2012-01-01
29.00 €
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. By international standards, the nations of the Caribbean are not rich in natural resources. The resources that make significant contributions to domestic economies and regional job sectors include, but are not limited to: fisheries, bauxite, iron, nickel, petroleum and timber,. It has been noted by some that the Caribbean’s most important resource is its tropical island setting, which has generated a unique tourism sector. The greatest concentrations of minerals most valuable on the international market are found in: Cuba, Jamaica, and Trinidad and Tobago. In fact, Cuba’s economic rebound in the early 1990s is often associated with increased production in tourism, oil, and nickel, spurred by foreign investment in these primary industries. However, it can be noted that a drop in international prices has since reduced Cuba’s earnings. Notably, most new resource expansion in Cuba has concentrated on petroleum deposits, including offshore fields.
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