Regional integration flash cards

Achievements of CariCom

Main Branches:

1. Incorporation of Regional Groups

   • OECS as a sub-group of CARICOM

2. Caribbean Single Market Economy (CSME)

   • Free movement of professionals

   • Free movement of capital

3. Economic Strength and Cooperation

   • Larger market for member states

   • Improved economic assistance and cooperation

4. Institutional Developments

   • Caribbean Court of Justice (CCJ)

   • Caribbean Regional Negotiating Machinery (CRNM)

5. Cultural Unity and Identity

   • Promotion of Caribbean industries and trade

   • Appreciation of diverse Caribbean cultures

Sub-Branches:

• Challenges Faced by CARICOM

  • Difficulties in implementing regional goals

  • Disparities in economic resources

  • Deviation from objectives by member states

  • Lack of shared impetus and functional inefficiencies

• Specific Challenges for CSME

  • Trade imbalances between member states

  • Absence of a common currency

  • Restrictions on free movement of labor

• Concerns and Criticisms

  • Skepticism about CARICOM's usefulness

  • Integration of Haiti and Cuba

  • Insertion of member economies into the global economy

roles and achievements of UWI

Central Idea

• Founded in 1948 to address the lack of training facilities in the Caribbean region.

Main Branches

1. Achievements

   • Offering relevant curriculum

   • Inclusion of Caribbean gender studies

   • Distance learning opportunities

   • Producing skilled personnel

   • Training future professionals

   • Research contributions

   • Promoting innovation and entrepreneurship

   • Breaking barriers and prejudices

   • Forum for regional integration

2. Challenges

   • Competition from foreign universities

   • Costly faculties of medicine and law

   • Delayed contributions from member states

   • Lack of full integration of programs across campuses

Explain CXC

Central Idea

• Formation of CXC® in 1972 to address the unique needs of the Caribbean region.

Achievements

• Offers various certifications and degrees

• Education geared towards regional needs

• Syllabus reflects Caribbean perspective

• Creates employment opportunities

• Keeps finance in the region

• Promotes regional integration and awareness

Challenges

• Desire for more diverse evaluation methods

• Imbalance in references to different Caribbean states

• Transition to online tools faces resource challenges

• Recognition of CXC® results by tertiary institutions

West Indies Cricket Board

Overview:

• Cricket was once hugely popular in English-speaking Caribbean states, uniting the region.

• The West Indies Cricket Board (WICB) formed to promote cricket and nurture talent.

Achievements:

• Develop and promote West Indian cricket for the benefit of the people.

• Contributed to regional identity and economy through events like the Cricket World Cup.

• Introduced formats like 20/20 to make the game more popular.

• Established a West Indian cricket hall of fame to honor legendary players.

Challenges:

• Disputes between players association (WIPA) and WICB over compensation and recruitment.

• Decline in popularity leads to funding and sponsorship issues.

• Lack of interest in cricket among locals pushes talented players to other countries.

• Criticism for inadequate support for local competitions and talent scouting.

Interesting Fact:

• 20/20 format, popular among young fans, introduced in 2003, offers shorter, more dynamic games.

explain Carimac

Overview:

• Established in 1974 to provide media professionals with Caribbean-focused training.

• Aims to use media and communication to aid in Caribbean development.

Achievements:

• Produces graduates immediately relevant and competent in media and communication.

• Equips graduates with skills to adapt to a changing media landscape.

• Offers research, consulting, and training for public and private sector entities.

• Collaborates with government agencies and community organizations for development projects.

Challenges:

• Building size and condition are inadequate for the increasing number of students.

• Facilities like laboratories and studios are stretched, hindering effective teaching and learning.

• Physical problems also affect staff members.

Did You Know?:

• CARIMAC plays a crucial role in training media professionals tailored to the needs of the Caribbean region since 1974.

Explain the CSME

ChatGPT Caribbean Single Market and Economy (CSME)

Overview:

• CSME is at the core of CARICOM's economic integration efforts.

• Aims to create unrestricted commerce and movement of labor and capital among member states.

Achievements:

• Free trade conditions for goods.

• Free movement of approved categories of people, such as skilled laborers.

• Increased flow of capital, entrepreneurship, and technology.

• Expanded market opportunities for various goods and services.

• Enhanced opportunities for travel, study, and work within CARICOM countries.

• Economies of scale, lower production costs, and creation of regional companies.

• Strengthened competitiveness and lower consumer prices.

Challenges:

• Absence of a common currency hampers the vision of a free market economy.

• Disparity in economic performance among member states creates trade imbalances and tensions.

• Concerns about competition for smaller and poorer countries.

• Limited growth potential in the local market due to similarities in products.

• Focus on external trade rather than intra-regional trade.

World Bank Recommendations:

• Increase productivity.

• Expand trade openness.

• Improve public investment in infrastructure and education.

• Reduce the size of government.

• Maintain macroeconomic stability.