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Regional Integration

The document discusses the factors promoting and hindering regional integration in the Caribbean, highlighting globalization, common historical backgrounds, and shared economic issues as key promoters, while differing development stages and nationalistic sentiments act as barriers. It also outlines the benefits of integration, such as increased cooperation, improved negotiation power, and enhanced quality of life through better access to goods and job opportunities. Overall, the document emphasizes the importance of regional unity for economic and social advancement in the Caribbean.

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Angel Augustine
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6 views

Regional Integration

The document discusses the factors promoting and hindering regional integration in the Caribbean, highlighting globalization, common historical backgrounds, and shared economic issues as key promoters, while differing development stages and nationalistic sentiments act as barriers. It also outlines the benefits of integration, such as increased cooperation, improved negotiation power, and enhanced quality of life through better access to goods and job opportunities. Overall, the document emphasizes the importance of regional unity for economic and social advancement in the Caribbean.

Uploaded by

Angel Augustine
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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REGIONAL INTEGRATION

FACTORS THAT PROMOTE REGIONALN INTEGRATION


Factors that promote regional integration may be looked at as both domestic and external
matters that affect the region. Chief among them are globalization and trade
liberalization. The following are the factors;

a. Common Historical Background and cultural Heritage. This results from our past,
being former European colonies, (chiefly Britain).
b. Caribbean countries share common economic and social issues. Economic issues
being for example ( low production of goods, lack of machinery to mass produce ,
low exports.) Examples of social issues include; ( High levels of unemployment, high
crime rate, poverty.)
c. Countries are vulnerable to economic shocks, since they have to depend heavily on
imported goods for imports among other things from developed countries. They are
also vulnerable to natural disasters such as earthquakes, hurricanes and volcanic
action.
d. Human resources are underdeveloped, so as a group they are able to financially
support facilities to enhance and develop education and skills training in the region.
e. Caribbean countries are located in close proximity to each other and this facilitates
easy travel, communication and trade.

FACTORS THAT HINDER REGIONAL INTEGRATION/ BARRIERS


a. The islands are at different stages of development, which does not promote
willingness to work together.
b. No two island have the same economic policies.
c. Caribbean people then to focus on their patriotism to their home country rather
than think about regional interests.
d. Many countries are producing the same goods for trade.
e. There is conflict over how much is to be contributed to each country.
f. Except for the Caribbean countries that are part of the Organization of Eastern
Caribbean states, the rest of the Caribbean does not have a common currency.
g. Caribbean countries have been pursuing different strategies for development.
h. There is competition among countries for the location of industries, as each territory
needs investments to provide job opportunities for its people.
BENEFITS OF CARIBBEAN REGIONAL INTEGRATION

 It will increase cooperation among Caribbean states, as we venture into the future
 As a group, the countries are better able to negotiate with the world’s most
powerful nations.
 Integration would further help Caribbean countries to successfully compete among
the worlds most powerful countries on the world market.
 This venture will help Caribbean countries to reduce the negative effects that are
presumed to be associated with Globalization and trade liberalization.
 T
 It contributes to the improvement in the quality of life of the Caribbean population,
with increased access to a variety of goods and services as well as in the reduction of
poverty since national will be able to access jobs in other Caribbean countries
outside of their own.
 Each individual island will have many more persons to whom goods can be sold,
apart from supplying its own population.
 It seeks to promote freedom of travel among islands for vacation and finding work,
which should decrease unemployment.

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