The economic development of Antigua - problems and prospects

James, Elijah M. (1970) The economic development of Antigua - problems and prospects. Masters thesis, Memorial University of Newfoundland.

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Abstract

During the past twenty-five years, problems of economic development have gained prominence—not only among economists, but also among politicians and states-men all over the world. The rapid growth of interest in this branch of economics is reflected in the numerous books and articles that have been written on the subject. This thesis is another study of economic development, but it differs from most of the other works on the subject in that it deals with a very special type of economy, namely, the very small economy. -- The size of a country helps to shape the pattern of economic activity in that country. This study purports to point out some of the problems which face a small economy—Antigua, and seeks to suggest ways and means of dealing with these particular problems. -- A comparison is made between Antigua and some advanced countries for the purpose of showing the stage of development of the island. The problems of population and unemployment are studied in some detail, and the evolution and development, as well as the structure of education are studied. An attempt is made to evaluate the impact of education on the economy. Improvements in public health and housing are also discussed. The role of agriculture in the economy is examined and the system of agriculture is investigated. Foreign trade is also considered. Some consideration is given to industries which might successfully be introduced. Sources of finance are examined and some suggestions are made for the increase of funds for development purposes. Finally, tourism is studied in some detail and some suggestions are made for the development of this industry. -- Although the study is concerned with a particular economy, it is hoped that some other small economies with similar problems will benefit from it.

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