What is regional integration in the Caribbean context?
The uniting of separate Caribbean states into a regional organization, which is necessary for the region's development and must be embraced by governments and people.
What are some major challenges facing the Caribbean region?
Small markets, uncompetitive products, heavy indebtedness, shortage of skilled labour, vulnerability to natural disasters, and limited exploitable natural resources.
1/26
Flashcards for reviewing Caribbean Social Studies on the topic of integration.
Name | Mastery | Learn | Test | Matching | Spaced |
---|
No study sessions yet.
What is regional integration in the Caribbean context?
The uniting of separate Caribbean states into a regional organization, which is necessary for the region's development and must be embraced by governments and people.
What are some major challenges facing the Caribbean region?
Small markets, uncompetitive products, heavy indebtedness, shortage of skilled labour, vulnerability to natural disasters, and limited exploitable natural resources.
What was the West Indies Federation?
A political union of ten Caribbean states formed in 1958 to improve social and economic development and prepare for self-rule, but it collapsed in 1962.
What were the aims of the Caribbean Free Trade Association (CARIFTA)?
To promote free trade among members, increase the quantity and variety of goods and services for intra-regional trade, and give all member states an equal opportunity to develop.
What is the Caribbean Community (CARICOM)?
An association of sovereign Caribbean countries established by the Treaty of Chaguaramas in 1973, with the Common Market replacing CARIFTA.
What are the objectives of the Caribbean Community (CARICOM)?
Increasing free trade, encouraging common trade policies, promoting functional cooperation (education, culture, health, communications, industrial development).
What is a common market?
A group of countries which agree to promote free trade by removing restrictions on goods, allowing free movement of capital and labor, and charging a common external tariff (CET).
What was the role of the Caribbean Common Market?
To further promote economic integration, increase free trade, increase the total output of goods, and promote economic development of member states.
How have globalization and trade liberalization influenced regional integration?
They present both challenges and opportunities to the region by removing restrictions to the flow of goods, services, labour and capital on a global scale.
What is the CARICOM Single Market (CSM)?
An aspect of the proposed Caricom Single Market and Economy (CSME) where member states remove all restrictions to the free movement of capital, labour, and goods and services of Caricom origin.
What are the objectives of the CARICOM Single Market (CSM)?
Increasing trade, increasing the output of goods and services, promoting competition among Caricom firms, promoting efficient use of resources, and improving welfare of citizens.
What is the CARICOM Single Economy (CSE)?
Member states adopt a common currency and pursue similar monetary and fiscal policies, aiming to create a single financial space.
What is the hierarchical structure of CARICOM under the Revised Treaty?
The Conference of Heads of Government, the Community Council of Ministers, the Ministerial Councils, other bodies, and the Caricom Secretariat.
What are the main functions of the CARICOM Secretariat?
Preparing proposals, servicing meetings, collecting and circulating information, assisting in implementing proposals and programmes, mobilizing resources, and assisting member states in implementing decisions.
What is the OECS?
The Organization of Eastern Caribbean States (OECS) is a nine member community of states with a governing structure and objectives similar to Caricom's; It replaced WISA and the ECCM
What are the objectives of the OECS Economic Union?
The same objectives as the Caricom Single Market (CSM)
What are the Regional factors that promote integration?
Common cultural heritage, small size of national markets, the need to increase intra-regional trade, vulnerability to natural disasters, differences in allocation of natural resources, the high cost of government, and shortage of skills.
What are the Extra-regional factors that promote integration?
The increasing global trend towards the establishment of trade blocs, the effects of globalization and trade liberalization, vulnerability to economic shocks which originate from outside the region and insignificance of individual countries.
What are the Governance issues that are Factors that hinder regional integration?
The way in which Caricom is governed, citizens opposition to regional integration, hesitancy on the part of some governments to support some regional institutions and national interest before Caricom's.
What are the Other factors that hinder regional integration?
The region's dependence on extra-regional markets in preference to regional markets, lack of oneness among Caribbean people, multiple currencies, limited opportunities for the masses, unequal distribution of natural resources and differences in growth and development among Caricom states.
What are the benefits of regional integration to citizens?
Increased employment opportunities, access to a greater quantity, variety and better quality of regionally produced goods and services, unrestricted travel in the region, access to common services and a feeling of a sense of community.
What are the benefits of regional integration to businesses?
Access to a large regional market, access to a larger pool of resources, protection by the Common External Tariff (CET) and the right to establish business ventures in any member state.
What are the benefits of regional integration to the country/region?
Reduced cost of government, increased trade, increased bargaining power, a closer-knit region and reduced unemployment and underemployment.
What is the role of citizens in the integration process?
Entrepreneurship, supporting regional producers, giving mutual support to fellow Caricom citizens.
What is the role of businesses in the integration process?
Improving competitiveness, increasing output and trade, providing investment opportunities for Caricom citizens, promoting and protecting the welfare of consumers.
What is the role of governments in the integration process?
Supporting regional institutions, honouring the protocols of the Revised Treaty of Chaguaramas, supporting competition among regional businesses and educating citizens about regional integration.
Name three Caribbean organisations that support regional co-operation.
The Caribbean Disaster Emergency Management Agency (CDEMA), The Caribbean Meteorological Organization (CMO) and The Caribbean Public Health Agency (CARPHA).