CSME

THE CARICOM SINGLE MARKET AND ECONOMY The main motives for the establishment of our CARICOM work stoppage marketplace and Economy as indicated earlier were the changes in the globose parsimoniousness. I believe that it is necessary to discuss these changes briefly before discussing our CARICOM Single Market and Economy in order to deliver the withdraw context in which our integration efforts must be viewed. globalization When speaking about changes in the global rescue one(a) term, one phenomenon always comes to the fore, namely globalization. Raymond Torres defines globalization in a publication of the International Labour Organisation, entitled Towards a socially sustainable world scrimping as : a be to of rapid economic integration among countries driven by the liberalisation of trade, investment and capital flows as well as proficient change. Compared with previous episodes of economic history, globalization involves enterprises and workers of nearly all t he worlds countries, in the goods as well as in the services sector. Consequently, the mass of the worlds labour force is experiencing the effects of international competition, whereas in the early(prenominal) commonly only industrial workers were at the receiving end (Towards a socially sustainable world economy, page 1).

Thomas Friedman argues in The lexus and the olive tree that : The globalization system is a pungency different. It in like manner has one overarching feature - integration. The world has become an much and much interwoven place, and today, whether you are a company or country, your threats and opportunities more and more derive from who you are connected to. (The lexus and the olive tree, page 8); and ! The brainish force idea behind globalisation is giving-market capitalism - the more you permit market forces rule and the more you open your economy to free trade and competition, the more efficient and flourishing your economy allow be. Globalisation means the spread of free-market capitalism to close to any country in the...If you want to get a dependable essay, order it on our website: OrderEssay.net

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