Intellectual Thought
This economic strategy involves inviting foreign companies to invest in a country.
What is Industrialisation by Invitation?
This year Sir Arthur Lewis introduced his ideas on industrialisation.
What is 1949?
This Caribbean island is the birthplace of Sir Arthur Lewis.
What is St.Lucia?
One major goal of IBI was to create more of these for Caribbean people.
What are jobs?
This type of investment is central to IBI and comes from overseas companies.
What is Foreign Direct Investment (FDI)?
These events in the 1930s–40s pushed Caribbean leaders to seek economic change.
What are labour riots?
This prestigious award was won by Lewis in 1979.
What is the Nobel prize in economic?
This sector grew as workers moved away from farming.
What is manufacturing industry
IBl is based on this economic system that focuses on profit and private ownership.
What is capitalism
This country launched Operation Bootstrap as an early example of IBI
What is Puerto Rico?
Lewis served as Vice-Chancellor of this regional university.
What is the University of the West Indies (UWI)?
This problem occurred when companies left after tax concessions ended.
What is economic instability or dependence
This group of companies is invited under IBI to bring capital and technology.
What are multinational corporations (MNCs)
Before IBI, Caribbean economies were mainly based on this sector.
What is agriculture?
Lewis helped establish this regional financial institution in Barbados.
What is the Caribbean Development Bank?
This Caribbean thinker criticized BI using the plantation model.
who is Lloyd best?
This key feature of Caribbean economies made IBI necessary (dependence on one main export).
What is a monocrop economy?
This global period increased the importance of multinational corporations and made IBI more relevant.
What is globalization?
Lewis believed this group could help stimulate Caribbean industrial growth.
What are multinational corporations
This major criticism stated that IBI kept the Caribbean dependent on foreign powers.
What is dependency theory