https://padlet.com/caitiegatt16/h91hy9643tvg Should the Caribbean join the Global Market? en-us 2019-04-15 18:31:03 UTC 2025-03-19 01:12:41 UTC hello@padlet.com https://imgglb.padletcdn.com/v13/image?t=g_auto&url=https%3A%2F%2Fpadlet.net%2Ficons%2Fpng%2F1f30e.png caitiegatt16 https://padlet.com/caitiegatt16/h91hy9643tvg/wish/352482781    Globalization is the growing interdependence of the world`s economies on each other and causes cultures, populations and information to be traded freely among countries all over the world. The main aim of globalization is free trade among all countries, but what does that mean for big countries? Why would they want to have free trade with smaller countries?
    The idea of globalization is to seek cooperation among countries and promote peace. By bigger, more developed countries agreeing to and promoting globalization they in turn reap benefits such as they will incur less operating costs by manufacturing their products in other countries, they are able to buy raw materials at a lower price and most importantly they will be able to spread their business worldwide which in turn benefits their business as they are able to gain millions of international customers. Not only do big corporations and countries thrive due to globalization but so do small countries as many of the exports of small countries are raw materials, gas/oil and fruits, due to globalization small countries are able to not only increase their exports but they are able to vastly increase their imports. Smaller countries use this method as a means to get goods and services that they themselves do not produce but rely heavily on such as importing medicines, food, clothing and technology. Technological advances such as the internet, other communication networks have made it possible for people and companies to exchange goods and communicate more frequently and in a less complex way. 
   Though globalization has many benefits it does come with its disadvantages as people and the environment often suffer. When manufacturers decide to outsource their materials or services, the people who once worked for that company providing that job lose their jobs and therefore unemployment skyrockets e.g. if a company decides to move its operations from county A to country B those who used to work for the company in country A will now become unemployed and environmentally as due to globalization there has been in an increase in the use of cargo ships and aeroplanes to transport goods over international borders increases the carbon dioxide emissions into the atmosphere which in turn directly affects global warming. ]]> 2019-04-18 04:31:34 UTC https://padlet.com/caitiegatt16/h91hy9643tvg/wish/352482781 caitiegatt16 https://padlet.com/caitiegatt16/h91hy9643tvg/wish/352488823    Caribbean integration is the process by which neighbouring nations co-operate and form a functional group to work towards achieving peace, wealth and stability within the region through common objectives. Caribbean integration aims to produce benefits for each country within the region and for the region as a whole to grow and work together. When regional states stand together as one they are more recognized on the global front compared to if they were to stand alone this is one of the main benefits of Caribbean Integration. Caribbean nations are developing countries, some more than others, those that are more developed are able to pool their resources and help the nations that are less developed and thereby the nations that are less developed can learn from their neighbouring nations.
 Caribbean Integration seeks to overcome some of the problems facing the region,such as crime as a result of  poverty among low income citizens and the increasing threat of climate change, aid in the development of human resources such as provision of training and career development and make use of natural resources as best as possible such as implementing the uses of reusable amenities and transferring to renewable energy such as solar power energy.
   Though Caribbean ntegration`s main focus is on integrating economies and people, it has become the norm that the cultures of the region have mixed such as the introduction of foods from other islands and music. A prime example of this is the Soca Monarch Competition held in Trinidad and Tobago where artists from all over the region will come and perform and allow the region to hear music which is not only from their country but from others as well. There is also a variety of food places from other countries where people are able to try food from other islands such as there can be a Jamaican food place in Trinidad where Trinidadians are able to try cuisines from other islands. This integration of cultures has not only caused a mixture of cultures and people but has shown that it is good to branch out and learn from our neighbouring islands.]]> 2019-04-18 05:27:14 UTC https://padlet.com/caitiegatt16/h91hy9643tvg/wish/352488823 caitiegatt16 https://padlet.com/caitiegatt16/h91hy9643tvg/wish/352488895  Caribbean integration was created to unity Caribbean nations so as to celebrate the individuality, the festivities, the uniqueness that makes the Caribbean what it is. Though all of this is good for the culture, there must be steps put in place to look further than just the beauty and uniqueness of the islands but to look towards our economic future. This is where Globalization comes in to play as Globalization is the mixing of economies, developed and undeveloped and increasing the access to global markets.
  Globalization offers the islands of the Caribbean many benefits such as developing countries will have access to new technology to help with daily life and new techniques that will help make manufacturing goods and services easier. There would be free movement of people as those who may not be able to receive employment in their home country will be able to seek employment elsewhere and be able to provide a better standard of living for themselves and their families. As many Caribbean countries do not produce many goods and services, access to the global market will give them a wider variety of goods, services, technology, medicine and they will be able to increase exports to other countries all over the world.
There have been some steps by the Caribbean to join the global market such as CARICOM and CSME but should the Caribbean join the Global Market?

]]> 2019-04-18 05:27:36 UTC https://padlet.com/caitiegatt16/h91hy9643tvg/wish/352488895 caitiegatt16 https://padlet.com/caitiegatt16/h91hy9643tvg/wish/352489099  Caribbean Integration is the mingling of all Caribbean economies to encourage free trade and the unification of cultures and people. The Caribbean as a whole has come a long way from when it was "discovered" by Christopher Columbus and though it is important to look back and appreciate the movements that the Caribbean has made, it is also very important to look forward to the future and set up plans in which the region hopes to accomplish as one.
 Caribbean Integration has helped with the development of the Caribbean as it has helped with the provision of training for individuals for them to become skilled labourers. Caribbean Integration has given the Caribbean a platform or a strong trading block to negotiate with larger co-operations if they go united as one it will give a better chance for them to be able to be seen as a contender and be given a fair chance in comparison if they were to go as an individual. There is able to be a free flow of labour and resources among Caribbean islands due to this integration, therefore, those islands that are less developed are able to receive the proper proportion of resource that they need and the labour market is open for those citizens who would like to get employment in other islands states other than theirs.
 Caribbean Integration is important to the development of the Caribbean as a whole as we have similar history, therefore, it is easier to adapt and integrate with each other as own way of life is similar. This integration has only pushed the unification of the Caribbean further as now more than ever the Caribbean is seen as a united front and as a whole.

]]> 2019-04-18 05:28:26 UTC https://padlet.com/caitiegatt16/h91hy9643tvg/wish/352489099 caitiegatt16 https://padlet.com/caitiegatt16/h91hy9643tvg/wish/352489166 In order for Caribbean Integration to be achieved there had to be steps and measures put into place in order to do so. 
The first steps to encourage integration among islands was in 1965 for the proposal for a free trade agreement. In May 1968 there was the creation of Caribbean Free Trade Agreement (CARIFTA)which had the goal of encouraging economic development and reducing the regions economic dependence externally such as fewer imports more exports. 
To deepen the integration process some islands formed The Caribbean Community (CARICOM) which was founded 4th July 1973 and is an organisation of Caribbean nations whose objective is to promote economic integration and cooperation among its members. Its goal was to foster economic integration through a common market which involved free movement of goods and services, capital and people across the region by strengthening the regions external positing through the coordination of member states foreign policy. CARICOM pool scarce resource through functional cooperation such as health education environment and communications
Under the Caribbean Community (CARICOM) the Caribbean Single Market Economy (CSME) was formed as a branch of CARICOM. CSME offers an enlarged market which entails better opportunities for the buying and selling of goods and services, improved standard of living for CARICOM members and greater economies of scale; which is the advantage that large businesses have over small businesses when it comes to production. The main objective is to provide a single economy market where there is free trade for all CARICOM member states, this refers back to Caribbean Integration as it would be one integrated economy for all regional islands and show that the Caribbean is one big community. ]]> 2019-04-18 05:29:00 UTC https://padlet.com/caitiegatt16/h91hy9643tvg/wish/352489166 caitiegatt16 https://padlet.com/caitiegatt16/h91hy9643tvg/wish/352489259   As globalization is global it would make sense that it would help all countries, big and small but does it really make sense for small island states like the ones of the Caribbean to join the Global Market? Though there are many advantages to the Caribbean region if we were to join the Global Marketplace such as more job opportunities and easier access to goods and services, the negatives far exceed the positives. 
  Why shouldn't the Caribbean join the Global Market: 
1) Repatriation of Profits- Though it is beneficial in some ways for larger corporations from more developed countries to start operations in smaller island states the profits that they do make is sent back to the "homeland" or operational base of where the company is headquartered, therefore, the smaller island country gets little to none of the profits. 
2) Loss of Identity and culture- The Caribbean is made up of small island states who share a similar history, identity, culture and way of life. The more integrated a society becomes with a foreign culture the less we remember of our own, to preserve the culture and purity of the history of the Caribbean is become harder as it is becoming the norm to adopt foreign cultures due to Xenocentrism.
3) Due to the small size of all Caribbean countries, when they come together, it is not nearly big enough to make any real difference or impact on the Global Market, therefore, there is no real say on global issues or challenges - though we are bigger as one, we aren't big enough to make a change in export or importation prices.
 4) Loss of our natural resources- all Caribbean islands is equipped with their natural resources such as Trinidad and Tobago who rely heavily on the exportation of gas/oil and Barbados for tourism. When larger companies open up operations in less developed nations such as the Caribbean islands, they tend to use up the countries natural resources until there is none, this is because they need to use and dispose of the resources faster than nature can replenish them. In the end, when they leave the small island there will not be enough for the country to survive on.
6) Brain drain- Though the free trade of labour can help the nationals of a country immensely, it does not benefit the country as when qualified individuals cannot find work in the Caribbean region they move away to much larger countries to find work, this is a common issue and leads to the country having less qualified individuals to help the country prosper.

Given what we have discussed, I believe that it is not in the best interest of the Caribbean as a whole to join the Global Market as the Caribbean should put more effort into continuing to further the integration between islands.  ]]> 2019-04-18 05:29:51 UTC https://padlet.com/caitiegatt16/h91hy9643tvg/wish/352489259 caitiegatt16 https://padlet.com/caitiegatt16/h91hy9643tvg/wish/352699248  "Caribbean Common Market (CARIFTA And CARICOM) | Encyclopedia.Com". Encyclopedia.Com, 2019, https://www.encyclopedia.com/humanities/encyclopedias-almanacs-transcripts-and-maps/caribbean-common-market-carifta-and-caricom.

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"The Caribbean Community: Facing The Challenges Of Regional And Global Integration | Publications". Publications.Iadb.Org, 2019, https://publications.iadb.org/en/publication/10893/caribbean-community-facing-challenges-regional-and-global-integration.

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