By Jacqueline Anne Braveboy-wagner, Dennis J Gayle
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On the surface, it does appear that Jamaica has some competitive advantage. However, this may be due more to the sharp depreciation of the value of the Jamaican dollar since 1990 than to production efficiency. The volume of sugar exported to the United States is governed by quotas, so that price does not affect demand and supply as is the case with other exports. A removal of all restrictions on sugar imports from Mexico, however, would reduce the price of Mexican sugar and stimulate greater production.
Agricultural diversification has not advanced significantly and the export of products from other sectors remains minuscule. To this can be added the different productive structures characteristic of the two banana blocs: Latin Americans rely on a powerful agroprocessing organization using cheap labor, whereas the small island growers suffer from cost-intensive products and limited profit margins. Policy-makers in the French Antilles are concerned that any wiping out of the banana production either in their own territories or in the Englishspeaking islands would immediately result in the loss of jobs for thousands of people.
L'integration regionale dans les Caraibes: Antecedents et perspectives," Cahiers des Ameritjues Latines 12: 139-164. Hosten-Craig, Jennifer, 1992. The Effects of a North American Free Trade Agreement on the Commonwealth Caribbean. : E. Mellen, Lasserre, Guyard and Albert Mableau. " Pp. , Caribbean Freedom: Society and Economy from Emancipation to the Present. Kingston, Jamaica: Ian Handle. Serbfn, Andres. " Esfudios Internationales 22 (86), April-June 1989: 248-276, Zylberberg, Jacques and Francois Demers, eds, 1992.