The Impact of Macroeconomic Policies in Trinidad and Tobago

"Developing countries undergoing economic crises have traditionally followed economic restructuring programmes based on the premise that private investment recovery is assured once the market is allowed to prevail. There is little regard for the micro-level unit - the investing-firm - in this process, the conditions that characterize the product and factor markets and the positioning of the firm at the outset of adjustment. Philomen Harrison focuses on the firm and its experience in the restructuring process within the context of a heterogeneous private sector, addressing such fundamental issues as firm size, the industry in which the firm operates and the ownership pattern, that have implications for the availability of resources and for the capacity and flexibility with which the firm can adjust."--BOOK JACKET.