Informal Commercial Importers in CARICOM
The increasing visibility of individuals engaging in small-scale business enterprises outside formal wage employment has been a topic of debate for many years, in many countries. The Caribbean Community (CARICOM) is no exception. In fact, the informal economy has become a persistent feature of the region’s economic landscape and has been thriving, as documented by leading Caribbean scholars.
Informal Commercial Importers in CARICOM is the first book to examine the various dimensions of informal commercial importing from an aggregate CARICOM perspective, emphasizing the economic dimensions and providing three empirical surveys of informal commercial importing in Guyana, Dominica and Jamaica. Roger Hosein and Martin Franklin provide a rich survey of the literature on shuttle trading, which aids in contextualizing the range of factors that has given rise to shuttle trading in CARICOM and enabled its longevity. They discuss the possible effects of formalizing the informal trade in CARICOM economies and propose strategies that can aid in this formalization process.
While this book is written to appeal to an academic audience, it also provides essential reading for policymakers, research scholars and practitioners alike, and it provides a foundation for further studies of the shuttle trade in a changing Caribbean.
Roger Hosein is Senior Lecturer, Department of Economics, University of the West Indies, St Augustine, Trinidad and Tobago. He is the author of Applications of International Trade Theory: The Caribbean Perspective.
Martin Franklin is Lecturer in Mathematical Methods and Statistics and Head, Department of Economics, University of the West Indies, St Augustine, Trinidad and Tobago.