that the downgrade of foreign and local sovereign credit ratings should affect trade between members of the CARICOM and Barbados as trade was a main reason for forming CARICOM single market and economy‚ these rating are opinions; not facts and it is not the only information investors used to determine suitability of investing or not. The CARICOM Secretariat states that one reason the CARICOM Single Market and Economy (CSME) was created was to present one market to the world and provide member states
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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 my job position
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The question must be asked firstly‚ not what if the establishment of the Caribbean Court of Justice is a sound move but what exactly is the Caribbean Court of Justice. As many perceive the CCJ as it is commonly referred to‚ would be a replacement to the previous Privy Council; which was and still is in some Caribbean states the last court of appeal. The Privy Council is considered to be one of the oldest institutions of government. “It has many roles which include giving advice on the exercise of
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Before there was the Caribbean Common Market (CARICOM)‚ there was the Caribbean Free Trade Association (CARIFTA). CARIFTA was intended to encourage balanced development of the region by increasing‚ diversifying and liberating trade‚ also ensuring fair CARIFTA was limited as the free trade area was not enough to garner the desired economic efficiency. According to Bernal (2007) “... it did not provide for free movement of labour and capital‚ or for the coordination of agricultural‚ industrial and
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Kangalee This material has been funded by UKaid from the Department for International Development‚ however the views expressed do not necessarily reflect the department’s official policies. ACRONYMS ACCP ACS ALBA BLP BRICS CAPE CARDI CARICAD CARICOM CARIFORUM CARIFTA CARIPASS CASSOS CBSI CCCC CCJ CDB CDEMA CEDA CEHI CET CFC CFNI CIDA CLDF CLE CMI CMO COFAP COFCOR COHSOD COTA CREDP CRFM CRITI CRNM CROSQ CSME CSO CTO CTU CXC DFID Assembly of Caribbean Community Parliamentarians Association of Caribbean
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A CRITIQUE OF THE CARIBBEAN COURT OF JUSTICE With special reference to the European Court of Justice By Victor Jordan‚ ABD(Econ.)‚ JD winsar@juno.com for The Fifth Annual SALISES Conference‚ Trinidad and Tobago titled “The CARICOM Single Market and Economy: Legal‚ Political‚ Economic and Social Dimensions” March 31 –April 2‚ 2004 The University of the West Indies‚ St. Augustine‚ Trinidad and Tobago INTRODUCTION The true power of any court lies in the confidence that the prospective users have
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PROBLEMS FACING THE INTEGRATION OF THE REGION There are basically three main problems the Caribbean Integration Face. For a number of CARICOM members‚ as for their Latin American neighbors‚ the 1980s were a “lost decade” in terms of economic growth. Real GDP in the Caribbean common market contracted significantly in 1982-1985 and remained almost still in the following three years. Although declining output was mainly a result of adverse conditions in the external environment‚ economic management
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In the year 1958‚ the West Indies Federation‚ was started by the British Caribbean Federation Act of 1956 and the objective of starting this federation was to create a political unit that would become independent from Britain as a single state. This Federation consisted of ten (10) territories which were: Antigua and Barbuda‚ Dominica‚ Barbados‚ Montserrat‚ Jamaica‚ Grenada‚ Saint Lucia‚ Saint Kitts-Nevis-Anguilla‚ Saint Vincent and lastly Trinidad and Tobago. The total population of the West Indies
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Regional Integration is when an economic alliance or trade agreement is formed among countries that are located geographically close to one another. This paper analyzes the role of regional integration in promoting global business‚ discusses the advantages and disadvantages of regional integration using a trading block as an example‚ and compares the economic development stages of two countries within a chosen region and discusses the ramifications of the region’s economic development for global
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that is one of the more common types of natural disasters to greatly affect CARICOM countries. Sometimes called the silent killer‚ flooding can greatly affect socio-economic development. Whether it is coastal or river flooding‚ it has the ability to greatly damage the agricultural landscape as well as introduce water-borne disease that can lead to death in local inhabitants. There is a disproportionate vulnerability of CARICOM countries to natural disaster demonstrated by the numerous events that have
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