Anderson, Alison; Freckleton, Marie; Kirton, Claremont
Author Affiliation, Ana.
Department of Economics
New regionalism in CARICOM prospects and challenges
Derné, Marie-Claude; Nurse, Keith
Caribbean economies and global restructuring
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Previously published as Economies de la Caribe et restructuration mondiale by Ibis Rouge Editions, Martinique,2002
The acceleration of globalization in recent decades has intensified competition in the world economy. One important consequence of this has been a resurgence in regionalism as countries seek to enhance competitiveness and facilitate integration into the global economy. This paper attempts a critical examination of 'new regionalism' in CARICOM. Argues that strengthening of the integration arrangement is critical to the survival of CARICOM countries, however, the slow process in the implementation of the CARICOM Single Market and Economy (CSME) undermines the credibility of the stated objective of deepening integration. It concludes that in order to advance integration within the Caribbean Community, CARICOM must overcome the inertia with respect to implementation of measures to deepen integration. In addition, steps must be taken to ensure that regional integration facilitates integration into the global economy in a manner that promotes sustainble development.....