Economic Change in The 20th Century
The mainstay of the Caribbean economy, sugar, has declined gradually since the beginning of the 20th century, although it is still a major crop in the region. Caribbean sugar production became relatively expensive in comparison to other parts of the world that developed their own sugar cultivation industries, making it difficult for Caribbean sugar products to compete. Caribbean economic diversification into new activities became essential to the islands.
Read more about this topic: History Of The Caribbean
Famous quotes containing the words economic and/or change:
“One set of messages of the society we live in is: Consume. Grow. Do what you want. Amuse yourselves. The very working of this economic system, which has bestowed these unprecedented liberties, most cherished in the form of physical mobility and material prosperity, depends on encouraging people to defy limits.”
—Susan Sontag (b. 1933)
“The change from storm and winter to serene and mild weather, from dark and sluggish hours to bright and elastic ones, is a memorable crisis which all things proclaim. It is seemingly instantaneous at last.”
—Henry David Thoreau (1817–1862)