Crisis Narratives, Debt and Development Adjustment in the Caribbean
Channel: Regions Refocus
Date: 2017-12-13

Don Marshall presents elements of his paper “Crisis Narratives, Debt and Development Adjustment: Contemplating Caribbean Small Island States Futures.” Don, Director of the Sir Arthur Lewis Institute of Social and Economic Studies at University of the West Indies: Cave Hill, questions the hegemony of mainstream economic indicators shepherded by the “neoliberal calculus of austerity adjustments.” He explores the effects on the Caribbean and its economic governance of international financial institutions and credit rating agencies, in the context of global financialization. Considering the implications for the dual Caribbean crises of debt and climate change, Don illustrates the need for meaningful policy space to enable governments to implement their agendas for equitable development. 

Filmed at the event "African-Caribbean Cross-Regional Exchange," co-convened by Regions Refocus and Friedrich-Ebert-Stiftung with Arab NGO Network for Development; Institute for Law and Economics, Jamaica; Sir Arthur Lewis Institute of Social and Economic Studies at University of the West Indies; South Centre; and Third World Network-Africa, on 14 July 2017 in New York, as a side event to the High Level Political Forum on Sustainable Development.