Professional Documents
Culture Documents
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.1 Introduction to Integration
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
Regional integration:
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.2 Major challenges facing the
Caribbean region
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
There are several major challenges facing the Caribbean
region:
Small markets which do not allow producers to reap economies
of scale.
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.3 The West Indies Federation
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
Facts about the West Indies Federation:
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
The Caribbean Free Trade Association (CARIFTA)
A free trade area is a basic example of economic cooperation among a
group of countries.
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.5(a) The Caribbean Community (CARICOM)
The Caribbean Community and Common Market were
established by the Treaty of Chaguaramas in 1973.
The Caribbean Community is an association of sovereign
Caribbean countries.
The Common Market replaced CARIFTA.
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.5(b) The Caribbean Community’s objectives
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.6 The Caribbean Common
Market
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.6(a) The Caribbean Common Market
A common market is a group of countries which agree to promote free
trade by:
o removing all tariff and non-tariff restrictions on goods which they
countries
o charging a common external tariff (CET) on goods imported from
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.6(b) Role and Objectives
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.7 Globalization and Trade
Liberalization
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
Globalization and trade liberalization have influenced
regional integration.
Trade liberalization involves the removal of restrictions to
the flow of goods, services, labour and capital on a global
scale.
Globalization is the process by which countries around the
world are becoming interconnected.
Globalization and trade liberalization present the region
with many challenges and opportunities.
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.8 The CARICOM Single Market
(CSM)
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.8 (a) The CARICOM Single Market (CSM)
The Caricom Single Market is one aspect of the proposed
Caricom Single Market and Economy (CSME)
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.8 (b) CARICOM Single Market (CSM) Objectives
The objectives of the CARICOM Single Market include:
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.9 The CARICOM Single Economy
(CSE)
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.9(a) The Caricom Single Economy
In the Caricom Single Economy, member states
will be required to adopt a common currency
and pursue similar monetary and fiscal
policies.
The objective of the CSE is to create a single
financial space involving all the members of
Caricom. When it is established, the CSE will
complement the CSM.
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.9(b) The Caricom Single Economy
The single financial space is to be created by the
governments of the member states:
•pursuing corresponding revenue (taxation) and
spending policies (fiscal policies)
•pursuing corresponding policies to control the
availability of spending money to businesses and
consumers (monetary policies)
•adopting a single currency
•adopting common customs and company laws
•pursuing similar development policies in the major
industries such as agriculture, tourism, manufacturing,
and fisheries
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.10 The Governing Structure of
CARICOM under the Revised
Treaty
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.10(a) The governing structure of the Caribbean
Community (Caricom) under the Revised Treaty
The hierarchical structure of the Caribbean
Community is as follows:
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.10(b) The governing structure of the Caribbean
Community (Caricom) under the Revised Treaty
The Bureau of the Conference is a sub-committee of
the Conference.
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.11 Functions of the Caricom Secretariat
The main functions of the Secretariat include:
•preparing proposals for consideration and decision by the relevant
organs
•servicing meetings of the organs and bodies of the community and
taking follow-up action on decisions taken
•collecting, storing, and circulating relevant information to member
states
•assisting community organs in developing and implementing
proposals and programmes
•mobilizing resources from donor agencies to assist in the
implementation of Caribbean Community programmes
•assisting member states in implementing Caribbean Community
decisions
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.12 Other organizations: The West Indies
Associated States Council of Ministers
(WISA); the Eastern Caribbean Common
Market (ECCM); the Organization of
Eastern Caribbean States (OECS) and the
Organization of Eastern Caribbean States
Economic Union
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.12 (a) The West Indies Associated States Council of
Ministers (WISA) and the Eastern Caribbean Common
Market (ECCM)
There are similarities in the stages of the integration
process involving both the Eastern Caribbean States
and Caricom.
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.13 The governing structure of the
Organization of Eastern Caribbean
States (OECS) under the revised
Treaty of Basseterre
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
Governing Structure of OECS
The OECS Authority of Heads of Government of Member
States is the highest decision-making organ.
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
ACS and Cariforum
The Association of Caribbean States (ACS) is a grouping of
Caribbean and Latin American States.
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
Common cultural heritage.
Shortage of skills.
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.16 Extra-regional factors that
promote integration
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.16 Extra-regional factors
The increasing global trend towards the establishment
of trade blocs.
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.17 Factors that hinder
regional integration:
governance issues
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.17 Governance Issues
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
The region’s dependence on extra-regional markets in
preference to regional markets.
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.19(a) Benefits to citizens
Increased employment opportunities.
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.19(c) Benefits to the country/region
Reduced cost of government.
Increased trade.
A closer-knit region.
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.20 Roles in the integration
process
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.20(a) The role of citizens in the integration process
Entrepreneurship.
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.20 (b) The role of businesses in the integration
process
Improving competitiveness.
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.20 (c) The role of governments in the integration process
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
4.21 Areas of regional
cooperation
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute
The Caribbean Disaster Emergency Management Agency
(CDEMA)
© Oxford University Press 2012: this may be reproduced for class use solely for the purchaser’s institute