Is the Whole Greater than the Sum of its Parts? Strengthening Caribbean Regional Integration

Is the Whole Greater than the Sum of its Parts? Strengthening Caribbean Regional Integration
Author :
Publisher : International Monetary Fund
Total Pages : 79
Release :
ISBN-10 : 9781513525860
ISBN-13 : 1513525867
Rating : 4/5 (867 Downloads)

Book Synopsis Is the Whole Greater than the Sum of its Parts? Strengthening Caribbean Regional Integration by : Abdullah Al-Hassan

Download or read book Is the Whole Greater than the Sum of its Parts? Strengthening Caribbean Regional Integration written by Abdullah Al-Hassan and published by International Monetary Fund. This book was released on 2020-01-17 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: Deeper economic integration within the Caribbean has been a regional policy priority since the establishment of the Caribbean Community (CARICOM) and the decision to create the Caribbean Single Market and Economy (CSME). Implementation of integration initiatives has, however, been slow, despite the stated commitment of political leaders. The “implementation deficit” has led to skepticism about completing the CSME and controversy regarding its benefits. This paper analyzes how Caribbean integration has evolved, discusses the obstacles to progress, and explores the potential benefits from greater integration. It argues that further economic integration through liberalization of trade and labor mobility can generate significant macroeconomic benefits, but slow progress in completing the institutional arrangements has hindered implementation of the essential components of the CSME and progress in economic integration. Advancing institutional integration through harmonization and rationalization of key institutions and processes can reduce the fixed costs of institutions, providing the needed scale and boost to regional integration. Greater cooperation in several functional policy areas where the region is facing common challenges can also provide low-hanging fruit, creating momentum toward full integration as the Community continues to address the obstacles to full economic integration.


Is the Whole Greater than the Sum of its Parts? Strengthening Caribbean Regional Integration Related Books

Is the Whole Greater than the Sum of its Parts? Strengthening Caribbean Regional Integration
Language: en
Pages: 79
Authors: Abdullah Al-Hassan
Categories: Business & Economics
Type: BOOK - Published: 2020-01-17 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Deeper economic integration within the Caribbean has been a regional policy priority since the establishment of the Caribbean Community (CARICOM) and the decisi
OECD Development Pathways Development Strategy Assessment of the Eastern Caribbean
Language: en
Pages: 161
Authors: OECD
Categories:
Type: BOOK - Published: 2022-10-07 - Publisher: OECD Publishing

DOWNLOAD EBOOK

Eastern Caribbean countries enjoy rich natural endowments and have achieved significant economic development. Throughout the last decades, they have also been c
Handbook of Regional Cooperation and Integration
Language: en
Pages: 531
Authors: Philippe De Lombaerde
Categories: Political Science
Type: BOOK - Published: 2024-02-12 - Publisher: Edward Elgar Publishing

DOWNLOAD EBOOK

This is an open access title available under the terms of a CC BY-NC-ND 4.0 License. It is free to read, download and share on Elgaronline.com. This timely Hand
Diversification perspectives of Guyana’s agrifood sector
Language: en
Pages: 24
Authors: weber, r., bubbico, a., morales opazo, c.
Categories: Political Science
Type: BOOK - Published: 2022-08-05 - Publisher: Food & Agriculture Org.

DOWNLOAD EBOOK

Guyana’s agrifood systems are facing an increasing level of risk: rising sea-levels are eroding its coastal area, where much of the agricultural activity is l
Is MENA a Region? The Scope for Regional Integration
Language: en
Pages: 26
Authors: Mr.Stanley Fischer
Categories: Business & Economics
Type: BOOK - Published: 1996-04-01 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

The paper analyzes the scope and implications of greater economic integration in the Middle East and North Africa (MENA). After reviewing whether MENA satisfies