History of caribbean Essay Example | Topics and Well Written Essays - 750 words

History of caribbean - Essay Example These have had as their main objective the establishment of a viable socioeconomic basis for nationhood and the improvement of the well being of the region’s citizens. The new international context that took shape following the end of the Second World War gave fillip to earlier moves towards decolonization in the Caribbean and other parts of the colonial world. The Depression in the 1930s had spawned Keynesianism in the Industrial world as well as social and political unrest in the Caribbean region. At the end of the 1970s the Caribbean region along with much of the rest of the Third World found itself with problems of an economic and social nature that it was unable to resolve. Some of these had their genesis in the state centered policies that had been pursued over the years, ‘government failure’ as it is referred to in some quarters. Others had their basis in the wider structural problems of the world economy, still not recovered from the effects of the oil crisis of earlier years. In addition to political corruption, stagnant, undiversified economies plagued by fiscal deficit and debt, a weak local productive sector and an inefficient State added to the woe of these societies. These countries were left with no choice but to go to the international financial institutions for aid and assistance and to adopt the Neo-liberalis t structural adjustment policies that they promote. The term Creole was first used in the sixteenth century to identify descendants of French, Spanish, or Portuguese settlers living in the West Indies and Latin America. There is general agreement that the term "Creole" derives from the Portuguese word crioulo, which means a slave born in the masters household. A single definition sufficed in the early days of European colonial expansion, but as Creole populations established divergent social, political, and economic identities, the