macroeconomic and trade policies2. Belize trade profile shows that about 61.6 percent of its exports are on agricultural products while imports and exports to Gross Domestic Product (GDP) ratios are 72.4 and 28.6 respectively (World Trade Organization, 2013; European Commission, 2014). This lack of significant diversification beyond agricultural production and tourism; and her high dependence on imports exacerbates Belize’s vulnerability. This is obviously a pointer to the fact that Belize is a labor intensive…
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