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CXC Principles of Business Exam guide: Section 10: Regional and


Global Business Environment
CXC POB exam guide (/taxonomy/term/148)

CXC CSEC Principles of Business Exam Guide

Profile 3: The Business Environment

Section 10: Regional and Global Business Environment


SPECIFIC OBJECTIVES CONTENT

The students should be able to:


1. Explain the functions of major Major economic institutions and systems:
economic institutions and systems;
(a) Caribbean Community (CARICOM);

(b) Caribbean Single Market Economy (CSME);

(c) Caribbean Development Bank (CDB);

(d) World Bank;

(e) Inter-American Development Bank (IADB);

(f) Organization of Eastern Caribbean States (OECS);

(g) Organizatin of American States (OAS);

(h) Economic Commission for Latin American


Countries (ECLAC);

(i) Association of Caribbean States (ACS);

(j) European Union (EU)

(k) World Trade Organization (WTO);

(l) Caribbean Basin Initiative (CBI);

(m) Organization of Petroleum Exporting Countries


(OPEC);

(n) Eastern Caribbean Common Market (ECCM);

(o) North Amerian Free Trade Agreement (NAFTA)

(p) Caribbean Canadian Agreement (CARIBCAN)

(q) Free Trade Area of the Americas(FTAA)

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3/9/22, 10:46 PM CXC Principles of Business Exam guide: Section 10: Regional and Global Business Environment | CaribExams.org

2. Identify major economic problems in Major economic problems in the Caribbean:


the Caribbean;

unemployment;

population density;

migration

debt burden;

sourcing captial and raw materials;

economic dualism in the region.


3. Outline possible solutions to economic Possible solutions to economic problems:
problems in the Caribbean.
(a) Access to foreign direct investment;
(b) development of human resources;
(c) development of the manufacturingsector

Fivestar

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stephina (not
principles of business (/comment/9645#comment-9645)
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13 February 2011 - wowwwwwwwwwwwww cnt blive its soo easy. i jus done mines n
2:07pm woooooooooooowwwwwwwwwwwwwwwwwwwwwwwwww..............
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i just got it (/comment/9868#comment-9868)
23 February 2011 -
12:38am i just got it
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pob (/comment/14859#comment-14859)
12 October 2011 -
6:35pm ok kool can u help me with mine
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colin (not verified)


POB (/comment/93391#comment-93391)
27 February 2018 -
10:27pm wow
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17 May 2018 - 8:12pm wow thank you
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