ABSTRACT
This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book explains the new regional reality is recognized by the scope of both the contributions and contributors. It seeks to assess the effect of global trends on Caribbean development. The book suggests that despite liberalization, governmental and public sector intervention is still desirable in certain economic areas. It offers insights, first to Caribbean researchers and policy-makers at this time of global and regional change, and second, to persons who work and do research in other areas of the developing world. As globalization proceeds, traditional national boundary lines are disappearing and we are experiencing truly what it means to live in Marshall McLuhan's "global village". The problems being experienced in the Caribbean today are not very different from those elsewhere in the developing South.
