Analyzes the competitive potential and development capability of CARICOM offshore financial centres (OFCs). Contends that in formulating a competitive strategy for OFCs in small developing states, the international competitiveness of such OFCs and their role as sustained engines of development must be treated as related and mutually dependent issues. Argues that a competitive strategy that fails to recognise the value of this relationship can hardly be effective in the long run. Concludes with a systematic framework for building internationally competitive and sustainable OFCs within CARICOM, incorporating a series of recommendations through which such a strategy can be implemented.

10/24/07 JOYD