Globalizing the Caribbean
Subtitle: Political Economy, Social Change, and the Transnational Capitalist Class
Publisher: Temple University Press
Published: 2019
Language: eng
Number of pages: 350
ISBN-13: 9781439916544
Subjects: International business enterprises; Caribbean area, economic conditions; Elite (social sciences); Capitalism; Caribbean area, social conditions; Globalization
Description: "The beautiful Caribbean basin is fertile ground for a study of capitalism past and present. Transnational corporations move money and labor around the region, as national regulations are reworked to promote conditions benefiting private capital. Globalizing the Caribbeanoffers a probing account of the region's experience of economic globalization while considering gendered and racialized social relations and the frequent exploitation of workers. Jeb Sprague focuses on the social and material nature of this new era in the history of world capitalism. He combines an historical overview of capitalism in the region with theoretical analysis backed by case studies. Sprague elaborates upon the role of class formation and the restructuring of local states. He considers both U.S. hegemony, and how various upsurges from below and crises occur. He examines the globalization of the cruise ship and mining businesses, looks at the growth of migrant labor and reverse flow of remittances, and describes the evolving role of export processing and supranational associations. In doing so, Sprague shows how transnationally oriented elites have come to rule the Caribbean, and how capitalist globalization in the region occurs alongside shifting political, institutional, and organizational dynamics"--

"The most powerful forces in the Caribbean are not nations but transnational industries. This work of political economy charts the recent history of the region to show how a global capitalist class stays a step ahead of the domestic and international structures that aspire to both attract and regulate them"--