- June 2010
In this issue: Dr. Annecka Marshall, Ms. Sajoya Alcott, Ms. Lorna Eaton , Sir Howard Fergus, Dr. Thomas Kinnaman , Dr. Rosina Wiltshire & Mr. Emmanuel Asomba
The thematic focus in this issue includes: digital piracy, intellectual property, crime, Caribbean, tourism system, development, markets, transit routes, destination, crime, Trinidad and Tobago, time-series & co-integration.
Pages: 1-35Author(s): Mr. Troy Lorde, Mr. Dwayne Devonish and Mr. Asokore Beckles
The objective of this paper was to determine the factors that influence the propensity for digital piracy in Barbados. Based on a sample of 390 Barbadian residents, the study found that attitudes and beliefs about piracy respectively, a facilitating environment, relativism, and the age of residents help to predict the digital piracy intentions of Barbadians, as expected. While the level of education was also a significant factor, it behaved contrary to our expectations. Specifically, we found that individuals with higher levels of education have higher relative intentions to pirate, a result that appears to be due to the moderating influence of age on the level of education. Taken together, our findings suggest that policies for the prevention and control of digital piracy in Barbados may have limited impact if they ignore nuances related to the environment, and the personal ethics, socio-psychological traits, and age of residents.
Keywords: digital piracy, intellectual property, crime
Pages: 36-59 Author(s): Dr. Carolyn Hayle, Mr. Diaram Ramjee Singh and Mr. Allan Wright
Because of significant entry barriers to other markets most Caribbean countries, given their natural resource endowments, gravitated towards tourism as a development option. For some time now tourism has emerged as a very important economic activity among these destinations. After decades of tourism the industry has failed to provide the kind of impetus that would lead to a structural transformation of these economies. The study argues that this failure was due partly to the continued dominance of the industry by the industrialised world and partly to a lack of understanding of the global tourism system which is driven by specific demand and supply factors which are determined by the tourism business cycle. The continued reliance of the region on tourism as an instrument of economic development would require a rethinking and restructuring of the methodology on which the industry development is premised. The study advances potential strategies for further development of tourism so that it becomes more resilient.
Keywords: Caribbean, tourism system, development, markets, transit routes, destination
Pages: 60-75Author(s): Sandra Sookram, Maukesh Basdeo, Kerry Sumesar-Rai and George Saridakis
This article uses time-series data from Trinidad and Tobago and tests for the existence of a long-run co-integration relationship among serious crime, clearance rate and various socio-economic indicators. The result suggests that policy makers should, when framing policy, put emphasis on the mechanisms that make for strengthening the capacity of the police force to detect crime. Similarly, policy makers can use the results of this study to put systems in place to keep the unemployment rate low and to ensure that individuals have access to educational opportunities that encompass tertiary level education.
Keywords: crime, Trinidad and Tobago, time-series, co-integration
Pages: 76-83Author(s): Prof. Roland Craigwell and Dr. Winston Moore
This note provides an assessment of the factors that have historically driven the pricing practices of firms in Barbados.
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Pages: 84-97Author(s): Prof. Hilbourne Watson
The review and the book should appeal to a diverse audience of generalists, technocrats, academics and students.
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