The Impact of Macroeconoinic Policies in Trinidad and Tobago : the Firm Under Adjustment

Developing countries undergoing economic crises have traditionally followed economic restructuring programmes that are based on the premise that private investment recovery is assured once the market is allowed to prevail. There is little regard for the micro-level unit - the 'investing-firm' - in this process, the conditions that characterize the product and factor markets and the positioning of the firm at the outset of adjustment. This book focuses on the firm and its experience in the restructuring process within the context of a heterogenous private sector. Front Matter....Pages i-xxvi Introduction....Pages 1-12 The Private Sector’s Role in Adjustment....Pages 13-58 The Private Sector in Trinidad & Tobago....Pages 59-118 The Micro-level Impact of Macroeconomic Policies: The Firm Under Adjustment....Pages 119-178 The Framework for Analysing the Firm Under Adjustment....Pages 179-217 Structural Changes During Adjustment: Heterogeneity Based on Size of Firm....Pages 219-254 Structural Changes During Adjustment: Heterogeneity Based on Firm Ownership....Pages 255-272 Structural Changes During Adjustment: Heterogeneity Based on Industry....Pages 273-294 The Private Sector During Adjustment: The Interaction of Price Incentives and Structural Factors....Pages 295-346 Conclusions: Private Sector Adjustment....Pages 347-372 Back Matter....Pages 373-396