Nation-states are faced with multiple contradictions as they mediate the insertion of their domestic economies into the global economy. Drawing on a case study from the Caribbean country of St. Lucia, this paper explores how local community resources may infl uence the terms of their integration in the global economy. It is argued that socially embedded economic institutions that are typically neglected in discussions of economic development are in some ways better suited to the task of infl uencing the terms of globalization than state policy-making.
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