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A Case Study: Grenada’s Sustainable Development
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The Caribbean tri-island state of Grenada, Carriacou, and Petite Martinique is among many small island countries in
the region seeking to establish sustainable initiatives for its people. After the island received its independence in 1974,
countless efforts were made to keep the country self-sustainable as the main coloniser, The United Kingdom, no longer
had direct influence over the country’s political and economic interactions. To date, Grenada is in front of some
Caribbean islands in areas of infrastructural development and education. However, the country lags behind in areas of
manufacturing and technology implementation. This case study presents Grenada’s economic situation through a
review of Grenada’s real GDP growth over five years. From the review of the five year real GDP growth it was
observed that growth in Grenada is stagnant. The recommendation is made for the application of the Neoclassical
Growth Theory to Grenada’s economic situation in order to establish stronger sustainable initiatives.
The Brooklyn Research and Publishing Institute
Title: A Case Study: Grenada’s Sustainable Development
Description:
The Caribbean tri-island state of Grenada, Carriacou, and Petite Martinique is among many small island countries in
the region seeking to establish sustainable initiatives for its people.
After the island received its independence in 1974,
countless efforts were made to keep the country self-sustainable as the main coloniser, The United Kingdom, no longer
had direct influence over the country’s political and economic interactions.
To date, Grenada is in front of some
Caribbean islands in areas of infrastructural development and education.
However, the country lags behind in areas of
manufacturing and technology implementation.
This case study presents Grenada’s economic situation through a
review of Grenada’s real GDP growth over five years.
From the review of the five year real GDP growth it was
observed that growth in Grenada is stagnant.
The recommendation is made for the application of the Neoclassical
Growth Theory to Grenada’s economic situation in order to establish stronger sustainable initiatives.
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