ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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SAUDI ARABIA- The King Is Dead, Long Live the King

 tary aid to Central America. Even if we assume that the duty free policy were to have some positive effect on the region's exports, the policy only benefits the owners of the export crops, it doesn't directly improve the livelihood of the majority of non-owners and non-exporters who labour in the farms and cities and are not directly affected by the volume of sales. In this sense, the ideas behind the Caribbean Basin proposal do not even approach the level of reform envisioned by the Alliance for Progress, two decades ago, which recognised that change of internal structures (agrarian reforms) must accompany efforts to liberalise trade, if the benefits of the latter were not to accrue solely in the hands of the agrobusiness elite.

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