The Impact of Globalization on the Caribbean Sugar and Banana Industries

Currently the challenge faced by the sugar and banana industries from globalization are a result of lack of increased production and productivity, absence of economies of scale of production, continued labour problems and its high cost, slow pace of crop diversification, few value added products developed, higher costs of inputs resulting from currency liberalization, low levels of technology used in the inadequate research and development support. The industries short-term survival strategy should aim at addressing the above concerns at the earliest possible time.'