The global financial crisis and its aftermath: Economic and political recalibration in the non-sovereign Caribbean

Clegg, Peter; Daniel, Justin; Pantojas-Garc�a, Emilio; Veenendaal, Wouter

Abstract

© 2017, © 2017 CALACS. The small non-sovereign island jurisdictions (SNIJs) of the Caribbean have a privileged position in the global political economy, with significant political and economic autonomy on the one hand, and useful protections and support structures provided by their metropolitan powers on the other. However, the global financial and economic crisis of 2007–2008 highlighted starkly some of the fragilities of this privileged status; in particular their economic vulnerability and the unequal and often fractious relationship with their metropolitan powers. This article considers the British, Dutch, French, and US jurisdictions and the short- and longer-term impacts of the crisis. The article’s key concern is to assess the extent to which the instability in the global economy over the last decade has affected both the economic and political dynamic of these jurisdictions, and to what extent their unique position in the global political economy has been compromised.

Citation

Clegg, P., Daniel, J., Pantojas-García, E., & Veenendaal, W. (2017). The global financial crisis and its aftermath: Economic and political recalibration in the non-sovereign Caribbean. Canadian Journal of Latin American and Caribbean Studies, 42(1), 84-104. https://doi.org/10.1080/08263663.2017.1281942

• Journal Article Type: Article
• Acceptance Date: Oct 8, 2016
• Online Publication Date: Mar 7, 2017
• Publication Date: Mar 7, 2017
• Deposit Date: Mar 13, 2017
• Publicly Available Date: Sep 7, 2018
• Journal: Canadian Journal of Latin American and Caribbean Studies
• Print ISSN: 0826-3663
• Electronic ISSN: 2333-1461
• Peer Reviewed: Peer Reviewed
• Volume: 42
• Issue: 1
• Pages: 84-104
• DOI: https://doi.org/10.1080/08263663.2017.1281942
• Keywords: Caribbean, non-sovereign territories, autonomy, economic reform, vulnerability, constitutional change, metropolitan activism
• Public URL: https://uwe-repository.worktribe.com/output/897109
• Publisher URL: http://dx.doi.org/10.1080/08263663.2017.1281942
• Additional Information: Additional Information : This is an Accepted Manuscript of an article published by Taylor & Francis in Canadian Journal of Latin American and Canadian Studies on 07 March 2017, available online: http://www.tandfonline.com/10.1080/08263663.2017.1281942