The CARICOM Single Market and Economy (CSME) is indeed a mixed blessing as it carries various benefits as well as challenges for the Caribbean islands. Firstly I will attempt to describe the CSME in its entirety giving the benefits and the shortfalls of its implementation and how it will affect the islands positively or negatively and the factors that may result in the contrasting outcomes. Overview of the CSME The CSME is also known as the Caribbean Single Market and Economy was
Premium Caribbean Community Caribbean CARICOM Single Market and Economy
Disadvantages of the CARICOM Single Market and Economy (CSME) CARIBBEAN INTEGRATION Introduction Throughout the world many countries have tried to form strong alliances for varying reasons and among the top of that list would be for war and trade. The Caribbean as a region has found it necessary to form such an alliance‚ not for war but for trade. The need for such alliance gave way to the birth of a Single Market for the Caribbean region - The CARICOM Single Market and Economy (CSME). In order
Premium Caribbean Caribbean Community CARICOM Single Market and Economy
6. How would the full implementation of the Caribbean Single Market and Economy (CSME) affect the chosen sector in your country of study? Could you firm’s development be enhanced OR hurt by this development? In Barbados‚ the financial sector will be affected by the full implementation of the Caribbean Single Market and Economy (CSME) by allowing legal and administrative restrictions by affecting the free flow of trade and labor. The main issue is really whether CSME will work for Barbados when
Premium Bank Caribbean Community CARICOM Single Market and Economy
existence of the Caribbean Single Market and Economy (CSME) and the European Union (EU). A comparison of the two entities will be provided along with a closer look at trade and politics and its challenges. We will use secondary research to gather the information for the paper. This will include usage of the internet‚ journals‚ academic papers and text books. Background on Caribbean Single Market and Economy (CSME) CSME is the acronym for Caribbean Single Market and Economy. It is an economic
Premium Caribbean Community Trinidad and Tobago Caribbean
Ministry of Foreign Affairs 4th Future Diplomats Essay Competition The Caribbean Community (CARICOM) is celebrating 40 years of integration in 2013. Discuss the achievements of CARICOM in light of the statement and make suggestions for future development. Kerri Mc Neil Happy fortieth anniversary to the Caribbean Community (CARICOM)! An establishment which has transgressed shared colonial history; propelling its fifteen member states and five
Premium Caribbean Community CARICOM Single Market and Economy Caribbean
The founding of the Caribbean Community and Common Market (CARICOM) was the result of a 15-year effort to achieve the hope of regional integration which had begun with the establishment of the British West Indies Federation in 1958. It was a Federal Government drawn from 10 member islands which were Antigua and Barbuda‚ Barbados‚ Dominica‚ Grenada‚ Jamaica‚ Montserrat‚ the then St Kitts-Nevis-Anguilla‚ Saint Lucia‚ St Vincent and Trinidad and Tobago. The Federal Capital of the federation was located
Premium Caribbean Caribbean Community Trinidad and Tobago
Name: Editha Whitney Lecturer: Louise Durocher Course: CPS901 Accounting Procedures Date: October 14‚ 2011 CARICOM and CSME (Caribbean Single Market Economy) OUTLINE 1. What is Caricom? Caricom (The Caribbean Community) was originally called the Caribbean Community and Common Market. 2. When was it established and why? It was established August 1st‚ 1973 by the Treaty of Chaguaramas. Revised Treaty of Chaguaramas was done in July 5th‚ 2001. Its purpose was to improve standards of living
Free Caribbean Community CARICOM Single Market and Economy Trinidad and Tobago
A Brief History of CARICOM Retrieved from: http://csmenetwork.com/2/caricom-cd/General%20CARICOM%20Info/history2.htm CARICOM Single Market and Economy (CSME) The decision‚ in 1989‚ to establish the CSME was a move to deepen the integration movement to better respond to the challenges and opportunities presented by globalisation. Preparations for the establishment of the CSME included the negotiation of nine Protocols to amend the Treaty. These nine Protocols were later combined to create
Premium Caribbean Community Trinidad and Tobago Caribbean
mobility. Full regional integration is the economic‚ social‚ legal‚ political‚ business and environmental factors into one common regional space. There are six levels of integration which are the trade association‚ free trade area‚ customs union‚ common market‚ economic and political union. Over the past decade regional integration movements have been undergoing tremendous pressure as they attempt to sustain viability. Hippolyte- Manigot (1979) stated “Since the mid 1970s‚ so serious have some of these
Free Caribbean Community CARICOM Single Market and Economy Caribbean
UNIVERSITY OF TECHNOLOGY‚ JAMAICA INSTITUTE OF LAW & ECONOMICS PUBLIC LAW DUE DATE: 24TH NOVERMBER‚ 2013 DATE OF SUBMISSION: 27TH NOVEMBER‚ 2013 NAME: DELANDO R. MORRIS TEACHER’S NAME: MRS. HEMMINGS-ALLISON Page | 1 IINTRODUCTION Gaining sovereignty as a nation State is overwhelming to the point of being able to sustaining one’s country in the best possible way that reflects good governance that will be of mutual benefits to citizens‚ permanent residents and to all. In the Commonwealth
Premium Caribbean Community Caribbean Barbados