THE CARICOM SINGLE MARKET AND ECONOMY The main motives for the establishment of our CARICOM sum marketplace and Economy as indicated forrader were the changes in the orbiculate miserliness. I believe that it is necessary to discuss these changes briefly before discussing our CARICOM Single Market and Economy in order to fork out the withdraw context in which our integration efforts must be viewed. globalization When speaking about changes in the global frugality 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 sparing as : a image to of rapid economic integration among countries driven by the rest of trade, investment and capital flows as well as sound change. Compared with previous episodes of economic history, globalization involves enterprises and workers of nearly all the worlds countries, in the goods as well as in the services sector. Consequently, the bulk 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 chromatic tree that : The globalization system is a pungency different. It likewise has one overarching feature - integration. The world has become an much and more than interwoven place, and today, whether you are a company or country, your threats and opportuniti es progressively derive from who you are c! onnected to. (The lexus and the olive tree, page 8); and The campaign 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 just about any country in the...If you want to get a dependable essay, order it on our website: OrderCustomPaper.com
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