there. Planning means the management function concerned with defining goals for future organizational performance and deciding on the task and resources use and needed to attain them. Poor planning can lead to bankruptcy‚ lack of vision in perceiving market direction and demographic trends. Leading - defines the use of influence to motivate employees to achieve organizational goals. Leading means creating a shared culture and values‚ communicating goals to employees throughout the organization and
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Caribbean Community (CARICOM) which was established in 2001 and based in Port of Spain‚ Trinidad and Tobago. It also serves as the highest court of appeals on civil and criminal matters for the member states. In 1973‚ the Treaty of Chaguaramas‚ establishing the Caribbean Community and the Common Market (CARICOM) came into being. This Treaty has since been revised to take into account changes in the global trading environment and the establishment of the CARICOM Single Market and Economy (CSME). Since disputes
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regional integration. With the many threats that the Caribbean market was facing due to strong extraregional competition‚ there existed recognition of the need for Caribbean countries to band together to protect their markets. While free trade agreements were made with countries such as Venezuela‚ Colombia and the Dominican Republic‚ the most lasting were done with other Caribbean countries. In 1989‚ the CARICOM Single Market and Economy (CSME) was created to deepen integration and enhance the bargaining
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realize dreams and set goals and also to become a role model for my family members. Firstly‚ I see the importance of a college education as strengthening my skills in this increasingly competitive job market. Currently in the Caribbean‚ one of the objectives of The Caricom Single Market and Economy (CSME) is to facilitate the free movement of skilled persons from one country to another. Hence‚ the advancement of my education will provide me with the necessary skills‚ knowledge and expertise to secure
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This paper wishes to discuss firstly the history of the Caribbean Community (CARICOM)‚ followed by their major achievements and recommendations for future developments which can be made. To begin with‚ I would first like to discuss how CARICOM first became existent today. It all began with the hope of regional integration which was started with the establishment of the British West Indies Federation in 1953 but they British West Indies Federation sadly came to an end in 1962 but that was the beginning
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Caribbean Community (CARICOM) CARICOM was established to encourage the region’s development. Its main purposes are to promote economic integration and cooperation among its members‚ to ensure that the benefits of integration are equitably shared‚ and to coordinate foreign policy. Caribbean Single Market and Economy (CSME) The CSME is designed to represent a single ‘economic space’ where people‚ goods‚ services and capital can move freely. The main objectives of the CSME are: full use of labour (full
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The Caribbean Community and Common Market (CARICOM) THE HISTORY OF CARICOM: The Caribbean Community (CARICOM)‚ originally the Caribbean Community and Common Market‚ was established by the Treaty of Chaguaramas which came into effect on 1 August 1973. The first four signatories were Barbados‚ Jamaica‚ Guyana and Trinidad & Tobago. CARICOM superseded the 1965–1972 Caribbean Free Trade Association (CARIFTA)‚ which had been organized to provide a continued economic linkage between the English-speaking
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Caricom- Caribbean Community and Common Market The formation of Caricom came about when the initial four countries’ governments saw the need for an integration of its members and economies‚ and the creation of a common market. When the West Indian Federation came to an end in 1962‚ Caricom was established as a means of regional integration. The West Indian Federation was a political union and consisted of ten countries- which are now states of Caricom- with the exception of Belize‚ The Bahamas
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А MARKET EKONOMY. Throughout history‚ every society has faced the fundamental economic problem of deciding what to produce‚ and for whom‚ in a world of limited resources. In the 20th century‚ two competing economic systems‚ broadly speaking‚ have provided very different answers: command economies directed by a centralized government‚ and market economies based on private enterprise. Today‚ in the last decade of the 20th century‚ it is clear that‚ for people throughout the world‚ the central
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FOR NON ECONOMISTS Free Market and Command Market Introduction Globally‚ there are at least 4 well known economy systems that are used by countries around the world. They include the traditional market‚ free market‚ command market and mixed market. Certainly‚ the way government policies work and their influence on the economic growth of their country vary depending on which economic system is used. It is also important to note that these different systems of economy management have their own
Free Mixed economy Planned economy Economic system