ABSTRACT
This chapter suggests that the availability of goods and services within the Caribbean will vary directly with the extent of privatization, deregulation, and market liberalization. It argues that the Caribbean needs a new type of manager, capable of functioning effectively in either sector and able to provide the strategic vision necessary to be competitive in the new international business environment. The chapter considers the concept of privatization and explore the respective roles of the public and private sector. It discusses the relative scarcity of entrepreneurs in the region and the need for management education. The chapter concludes with an expanded specification of the new Caribbean manager. In considering the nature of the new Caribbean manager, it is essential to examine the concept of privatization itself. As a process, privatization denotes reducing the roles of government while increasing those of the private sector in activities or asset ownership.
