The Role of the Caribbean Entrepreneur in Economic Development - Strategy and Process

Abstract

The Caribbean is a diverse group of countries, both culturally and economically. Most of them, however, face daunting development challenges, including pervasive crime, unemployment and an underdeveloped private sector. As Caribbean intellectuals and policy makers confront the question of how to create employment so that people can meet their basic needs they have increasingly endorsed the development of self-reliance through the creation of small business operations as the panacea for improving the economic marginalisation of the masses.

The current academic debate focuses on the factors that are impeding the growth and development of the Caribbean region and what frameworks can be designed to augment an entrepreneurial culture whilst simultaneously engaging natural and other resources. These are the fundamental issues that this research paper will share perspectives and research, with the aim of identifying components that would leverage the resources of the region in a positive manner.

Keywords: Entrepreneurship Policy, Caribbean Development, Economic Strategy, Entrepreneur