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British aid and Windwards bananas : the case of St. Vincent and the Grenadines.

By:

GROSSMAN, Lawrence S

Material type: Text

TextPublication details: 1994Action note:

3/7/00 M2LMGR

Summary: Presents an outline of the history of the Windwards banana industry, providing the context for understanding chronic aid dependency. Considers the case of aid to St. Vincent and the Grenadines to illustrate patterns of assistance to the Windwards. Highlights the point that without continual infusions of British aid, the financially weak Windward banana industry would have collapsed, irrespective of the protection afforded by the preferential market. Asserts that British aid has also acted as a subsidy to Geest Industries, by enabling the company to pay the Windwards less for bananas than was necessary to ensure the survival of the industry.

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Presents an outline of the history of the Windwards banana industry, providing the context for understanding chronic aid dependency. Considers the case of aid to St. Vincent and the Grenadines to illustrate patterns of assistance to the Windwards. Highlights the point that without continual infusions of British aid, the financially weak Windward banana industry would have collapsed, irrespective of the protection afforded by the preferential market. Asserts that British aid has also acted as a subsidy to Geest Industries, by enabling the company to pay the Windwards less for bananas than was necessary to ensure the survival of the industry.

3/7/00 M2LMGR

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