The Advantages And Disadvantages Of Regional Integration (Nafta, Eu, Apec, Asean, Cafta, Etc.) Compare And Contrast The Economic Development Stages Of Countries Within Your Chosen Region And The Ramifications Of Your Region's Economic Development For Global Business.
The Caribbean region has recognized long ago that the key to greater prosperity lies in working together and increasing economic ties both within the region and with the rest of the world. We, at the Fund, fully share this vision, and it is my sincere hope that your discussions over the coming days will help move this agenda forward.
The Caribbean region is particularly well placed to benefit from globalization. Its rich democratic history, generally strong institutions, and impressive social indicators (notably on education and health) provide a solid foundation for working together as a region to compete effectively in the global economy. The region has already proven adept at seizing on its comparative advantage by developing a thriving tourism sector, and it is now broadening the market to new visitors such as those from Asia and Eastern Europe. Of course, it is important that growth in tourism also benefits other sectors of the economy, and that successful transformations of......
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