In this paper, we aim at investigating from a game theory perspective whether trade liberalization can promote a collusive intra-industry trade and whether such a collusive trade is always socially desirable compared to the autarchy solution. We show that, under Cournot competition, economic integration is anti-competitive if collusive trade is a possible outcome of the repeated game; under pri...

Regional integration has been used with varying success to overcome disadvantages associated with small size. The fundamental premise for regional cooperation in the Caribbean has been the promotion of economic development particularly in the manufacturing and industrial sectors. The opportunity exists however, for use of a regional approach to develop strategic responses to other issues essent...

National security depends on soft power, the ability of a country to generate and use its economic power and to project its national values. It also depends on long-term factors that contribute to economic growth and increase the total resources base available not only for defense but to provide economic security in the form of income and business opportunities for individuals. The economic iss...

This essay introduces a new featured section, to be published in Small Axe annually, that explores the critical vocabulary of field Caribbean studies.