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REGIONAL INTEGRATION

REGIONAL INTEGRATION Define the following terms and concepts related to REGIONAL INTEGRATION : Bilateral agreement, multilateral agreement, common market, single market, single economy, economic INTEGRATION , independent state, underdeveloped country, developing country, developed country, trade liberalization, globalization, multinational corporation, regionalism, trading bloc, fiscal policy, monetary policy Major challenges facing the Caribbean Region Major stages in the INTEGRATION movement Functions of the various organizations (OECS Secretariat, CARICOM Secretariat, Conference of Heads of Government) Objectives of the various organizations: OECS, CARICOM, CSME Factors that promote REGIONAL INTEGRATION Factors that hinder REGIONAL INTEGRATION Benefits of REGIONAL INTEGRATION The role of individuals, businesses and government in the INTEGRATION process The role of REGIONAL agencies in the INTEGRATION processMajor challenges facing the Caribbean size, small national of and levels of production and in resource levels of indebtedness (debt burden)Major challenges facing the Cari

•Economic integration refers to trade unification between different states by the partial or full elimination of customs duties, tariffs, quotas, licenses and non-tariff barriers (anti-dumping measures and countervailing duties ) on trade taking place between them.

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