The Caribbean’s economic problems and foreign investment
Caribbean economies are small and open, so they face shared problems: unemployment, migration, debt, a shortage of capital and raw materials, and economic dualism. Foreign investment is one answer, with costs as well as benefits. Paper 1 asks what brain drain and economic dualism mean again and again.
By the end of this page you can
- Identify the Caribbean’s major economic problems
- Explain brain drain, underemployment and economic dualism
- Outline solutions to the region’s economic problems
- Weigh the benefits and drawbacks of foreign investment
Goals tick themselves off as you try the activities below.
Photo: Oleg Yunakov, CC BY-SA 4.0, via Wikimedia Commons. Cropped, resized, JPEG q72.
Many big Caribbean hotels are foreign-owned: they bring jobs and foreign exchange, and send profits abroad.
How often it shows up in past papers
All papers21 of 23 papers
Last 54 of 5 · 2023–2026
Paper 1 counts come from our past-paper bank of CSEC Principles of Business Paper 1s. The last-5 row shows how often it came up in the five most recent papers.
Inside this topic
- Three problemsLocked
- SolutionsLocked
- Key termsLocked
- Test yourselfmarkedLocked
- Practise for real · 53 past questionsLocked