Articles

What are the challenges of regional integration?

by Rhyley Bryan

What are the challenges of regional integration?

But in terms of trade-led growth and the potential for greater regional economic integration, four challenges appear most pressing. These are (a) port and customs quality, (b) barriers to trade and investment, (c) development gaps, and (d) nascent regional economic governance.

What are the disadvantages of regional integration in the Caribbean?

The cons involved in creating regional agreements include the following: Trade diversion. The flip side to trade creation is trade diversion. Member countries may trade more with each other than with nonmember nations.

What are some challenges of Caricom?

In a comprehensive analysis of the Caribbean’s development prospects, the World Bank identifies five important issues for the CSME: 1) increase productivity; 2) expand trade openness; 3) improve public investment in infrastructure and education; 4) reduce size of government, and; 5) maintain macroeconomic stability.

What are the factors that hinder regional integration?

Geography of the region.

  • Absence of a common strategy for development.
  • Differences in stages of growth and development.
  • Competition for location of industries.
  • Absence of common currency.
  • Unequal distribution of resources.
  • Influence of MNCs / TNCs.
  • Lack of diversification in production.

    • What are the problems in the Caribbean region?

    Major challenges facing the Caribbean Region 1. Small size, small national markets 2. Lack of diversification 3. Unemployment and underemployment 4. Low levels of production and productivity 5. Differences in resource distribution 6. High levels of indebtedness (debt burden) Major challenges facing the Caribbean Region 7.

    Why is integration a problem in the Caribbean?

    In sum, stakeholders are deeply pessimistic about the future of, in particular, CARICOM integration, and see the region burdened by a lack of vision, weak implementation of decisions, mistrust, poor leadership and institutional decline. Yet most also consider this a matter of grave concern.

    What are the role of donors in Caribbean regional integration?

    THE ROLE OF DONORS IN CARIBBEAN REGIONAL INTEGRATION 36 a. Review of Existing Donor Support 36 b. Aligning Donor and Stakeholder Interests 38 4. RECOMMENDATIONS 39 a. Overview of Main Recommendations 39 b.

    What are the challenges and opportunities of regional integration?

    Current Trends – Challenges, Issues and Opportunities 13 c. Institutional Mapping: CARICOM Regional Integration Agenda 15 d. CARICOM Institutional Mapping Under the Four Pillars 16 e. Participation of Non-State Actors 18 f. Assessment of Institutions and Organisations in Regional Integration 19 g.