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Effects Of Globalisation On Caribbean

Now, what is globalisation? Globalisation is an ongoing process which eventually leads to integration of countries in the world as trade barriers are reduced. Globalisation essentially began with GATT, the global agreement on trade and tariffs. The first stage of GATT began in 1974 with the third and final stage being in 1994, when the WTO was formed.

The aim of the WTO is to provide a level playing field with respect to trade across the globe so that businesses could trade freely across borders. The WTO was formed in hopes that it would provide advantages to businesses as they would have access to a larger market. However, this hope only exists for big multinational companies in the world such as Ford, Sony, Nike, and Microsoft to name a few. However, for smaller nations and businesses such as those in the Caribbean, this agreement is actually to our detriment, especially to our sugar and banana industries.

How is it a detriment to our country?

Well after the abolition......


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Approximate Word Count: 547
Approximate Pages: 3 (250 words per double-spaced page)

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