Question

What are the factors working for and against cooperation and integration in the Caribbean? Provide 2...

What are the factors working for and against cooperation and integration in the Caribbean? Provide 2 examples of each. (Atleast 100 words)
0 0
Add a comment Improve this question Transcribed image text
Answer #1

The carribean integration has following pros and upsides:

  1. Better trade relations
  2. Relaxed immigration laws
  3. Sustainability in economic development
  4. Higher job opportunities
  5. Trade expansion and lower trade deficit.

However downsides and challenges are:

  1. Inter department conflicts between governing agencies
  2. Higher bureaucracy
  3. Longer delay times for approvals.
  4. Currency volatility

The CaRICOMor Carribean Regional Integration and Cooperation is however having great benefits in long run as and when economic stability is acheievd, austerity measures are eliminated, better productivity is achieved and when cost synergies and ecinomies of scale is possible.

Add a comment
Know the answer?
Add Answer to:
What are the factors working for and against cooperation and integration in the Caribbean? Provide 2...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT