Lewis’ autobiographal statements show he was a a merchandise of deceasing colonial order. and in bend was an rational subscriber to the decolonisation procedure. He was strongly against imperialism which lead to his involvement in the jobs of underdevelopment.Three seminal publicationsThe first of these is the _Industrialization of the West Indies_ .
Lewis was antipathetic to the thoughts of the Economic Plan for Jamaica. His side of the statement stemmed from a stretch with the Caribbean Commission in which he studied Puerto Rico’s policies and he took this cognition and used it as lessons for the West Indies.One review was of the comparative advantage in the export of primary goods and importing of manufactured goods. He argued that the complete population of the islands provided an economic principle for an industrialisation scheme based on the export of labour intensive makers.
However since capital and engineering was short in islands. foreign investors were invited to help in that program. Foreign investors would supply distribution channels in abroad markets as they have done with Puerto Rico. His recommendations became the footing of industrial development policies in the West Indies in the 1950’s.
The Double Economy model-_The 2nd publication was on the agricultural revolution__The 3rd seminal publication was on growing and fluctuation. __http: //sta. uwi. edu/nlc/2008/documents/Girvan_Lecture_full.
pdf_WHAT IS MEANT BY “INDUSTRIALISATION BY INVITATION” AND DID IT LEAD TO ECONOMIC DEVELOPMENT IN THE REGION?Industrialization is the procedure of societal and economic alteration whereby a societal group is transferred from a manual labour based construction to a more technologically goaded society and where the economic system additions much more capital via fabrication industries. Caribbean economic systems have been labeled as weak and dependent. and controlled by stronger foreign provinces and establishments ( The Plantation Economy ) . Sir Arthur Lewis.
St. Lucia’s foremost Nobel Prize victor. has released several publications on the issue of developing states in the Caribbean and solutions to rectify this underdevelopment. Of these publications is the construct of “Industrialisation by invitation” .
This impression holds that “scarcity of capital. accomplishments and engineering make it imperative to pull foreign investments” . Stated otherwise. Caribbean people did non possess the competency and invention for patterned advance of their states. hence more advanced states would put and help in the development of the Caribbean part.
Prior to their independency. Caribbean states were chiefly used for the production of natural stuffs such as sugar. java and cotton. which were exported to the female parent state where farther processing and fabrication was carried out. Lewis’ thought emphasized the demand for industrialization to be introduced into the Caribbean in order for significant development.
Therefore Caribbean economic systems should follow industries that are in alliance with their natural resources.Contrary to New universe economists’ Plantation Model of the Caribbean Mr. Lewis proposed a theoretical account of his ain dubbed the ‘Dual Economy’ . He stated that there was the traditional ( agricultural sector ) and the capitalist ( net income devising sector ) . the two sectors of the Caribbean economic system.
The traditional sector tend to concentrate on engaging every bit many as possible therefore productiveness declined whereas the capitalist sector focused on net income devising and high productiveness. Lewis recommended a displacement of the extra labor from the traditional to capitalist sector. in bend increasing the capital of the economic system. This construct bears that the Caribbean is good structured for an industrialized society and that labor was readily available to suit this structural alteration.In theory every bit good as pattern “industrialisation by invitation” was meant to pull both local and foreign investing through generous revenue enhancement inducements which were largely reserved for the benefit of foreign investors. Such inducements comprised of proviso for basic substructure services such as seaports.
airdromes and roads. Duties and quotas on imports to protect local goods against foreign competition was besides another proviso. This proviso was of import in that foreign goods. if non restricted.
could easy perforate and take control of the market. go forthing no chance for local goods. State-supported preparation installations for the local work force in the signifier of proficient establishments and universities added to the goad.Though this full construct was based on a development scheme for Puerto Rico called “Operation Bootstrap” and was successful for that island this was opposite for most of the staying Caribbean part.
