This has forced the Caribbean to rely on the decisions made by European countries because they are essentially in control of the political economy and global market. The states in the Caribbean find it necessary to maintain their relations with the Europeans because the Caribbean does not have enough capital to compete with foreign companies and industries...
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In addition, they do not have enough capital to execute a lone economic programme. “Many of the Caribbean’s smaller economies are heavily dependent upon one (or a few) traditional export commodities for which world prices are not likely to rise.” In particular, the main export goods in the Caribbean are bananas, where it relies on this natural resources to be a main contributor to the Caribbean economy...
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