Grenada
- Author: Economic Commission for Latin America and the Caribbean
- Main Title: Economic Survey of Latin America 1980 , pp 269-284
- Publication Date: December 1982
- DOI: https://doi.org/10.18356/12576b73-en
- Language: English
Following a decade of sustained recovery from the massive destruction wreaked on the island by a hurricane in 1956, economic activity plunged at a precipitous rate in the early 1970s, owing to the combination of a recurrence of adverse weather conditions, the unfavourable evolution of the external sector, and an abrupt change in the pattern of land tenure, which was accompanied by a marked fall in output. In 1974, those factors were exacerbated by political disorders associated with the transition to Independence, which led to the closure of the port facilities for three months; the international recession, and the bankruptcy of the only airline serving the island’s tourist industry, which provoked a severe crisis in this sector.
© United Nations
ISBN (PDF):
9789210583305
Book DOI:
https://doi.org/10.18356/1ddd9b91-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
Countries:
Grenada
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