Private sector participation We have already seen that joint ventures and pan-Caribbean companies have been expanding briskly in the region and have been using the region as a platform for launching into the wider global environment.
Such ventures build on the comparative endowment of regional countries, promote cooperation in joint production by matching countries that have natural resource endowments with those that have financial capital or other inputs. The private sector should assume the lead role in developing these business arrangements. Indeed, the number and frequency of amalgamations, mergers and acquisitions across the region continues to grow.