The quantity theory of money suggests there is an unambiguous causal
relationship between money supply and price level. Quarterly data from
Jamaica for a 28-year period (1980-2008) reveal that two other variables
exert influence on the price level. The first causal relationship is between
changes in the exchange rate and the price level. The second is between US
money supply and Jamaica’s price level. These results suggest that
monetary policy in small open economies may not, by itself, tame
inflationary pressures (JEL E31, F31).
 

Despite being separated by great geographical distances, the transnational
Caribbean community has managed to stay in regular communication
with those in the “home” country using the latest available technologies.
The preliminary findings of this exploratory study suggest that new media
(Facebook, Skype, and YouTube) facilitate multi-directional caring and a
“new” form of caring for family, kin and friends. The research also
connects social media and caring for individuals as they are aging in the

Trinidad and Tobago has developed a modern and reliable information and
communication technology infrastructure that provides access to internet
and telephony services to most of the country, but utilization of these
services may vary significantly. The objective of this paper is to determine
the extent of and the reasons for this variation. Such information could be
used to shape policy toward the lessening of the divide, if one exists. The
basis of the analysis is the calculation of two measures of the digital divide:

The issue of corporate governance has increased in importance over the last
decade and remains an unexplored area for research in Barbados. The
purpose of this research is to determine the level of corporate governance
disclosure practices undertaken by the public limited companies listed on
the Barbados Stock Exchange (BSE), subsequent to the 2008 global financial
crisis. Content analysis was used to derive a disclosure score,
measuring the level of transparency and corporate governance disclosures

Foreign direct investment (FDI) flows to the Caribbean play a critical role
in relation to growth and development. This paper provides evidence about
the nature and pattern of CARICOM FDI flows. A Gravity model,
estimated using the Hausman-Taylor procedure for panel data, is used to
explain such flows between a selection of CARICOM and OECD
countries. Income in both the host and destination countries play a
significant role in FDI flows, as do the level of financial development and

Political racialization has shaped the route to political power in Guyana
from the mid-1950s, cementing ethnic insecurity and patronage politics.
The 22-year rule of the East Indian-dominated party is threatened by
disaffection with corruption and by emigration of its ethnic base. A socalled
REDD agreement with Norway in 2009 provides international
legitimation and funding to win over indigenous Amerindian voters.
REDD illustrates how dispensation of international aid, without robust

Among the major concerns relating to the current vulnerability of
Caribbean youth is the continued use of corporal punishment as a means
of disciplining children, by those charged with the responsibility of caring
for them. This study was undertaken to obtain data on practices, attitudes,
and influencing factors among educators in four islands within the
Eastern Caribbean, as they relate to corporal punishment. A questionnaire
survey was administered to 835 students and 206 teachers in the four

Technological advancement is changing the way in which children exercise
their right to participate, and this change is revealing how looked-after
children are able to contribute to their development. The ways in which
looked-after children are using Information and Communication
Technologies (ICTs) need to be fully explored, in order to achieve a better
understanding of service provision and ways in which their agency can be
increased. This article critically examines the ways in which children’s

The Convention on the Rights of the Child (CRC) calls for complete
adherence to Child Rights. To fulfil all these rights, societies would have to
recognize all children as equal citizens, irrespective of their social,
economic or personal attributes. While many of the Caribbean countries
have ratified the CRC, policies and programmes continue to be centred on
groups of children considered to be more productive. Such a narrow view
of citizenship and economic development has meant that some individuals

The study of youth political participation in local governments is scarce in
Latin America. Young people’s political participation remains most
commonly interpreted as a form of extended consultation, as “having a
say” in policy issues and areas of service provision that are directed
towards them. Local governance in Latin America is slowly emerging as
a potential new space to promote youth participation. This article analyses
the practices and experiences of youth political participation in four