Aug 1st 2011-SkELEC 2. What do you understand by the expression Caribbean Integration?

What measure has been taken to achieve the objective? Do you think that the objective will be beneficial for the Caribbean people? 3. Is globalization good or bad for the Caribbean? Use illustration from at least one Caribbean territory to justify our answer. Read Ideology. Due 20 Political party Political party may be principally defined as the common aim; they seek political power either singly or in cooperation with other political party. An association of people under a specific name whose primary purposes are the achievement and the exercise o governmental power. Competitive party systems are regarded as prerequisite for democracies. Anglo1940 the Jamaica Labour party was formed. ?Functions of Political Party: 1. Unifying,Simplifying, Stabilizing the political possess. 2. Despite of what some people may say political parties do not divide, they tend to unite people. 3. Political parties provide a link between government and people. 4. Political parties seek to educate, instruct and activate the electorate 5. They seek to mobilize and involve the population in politics. 6. They present ideas and issues about their political parties(philosophical ideas). ?Caribbean Political Party System: 1. One Party System- eg. Cuba 2. Multi Party System- there's three or more political parties in that system Small parties have a chance in being a part of the assembly. 3. Two Party System: Variations: -One party dominant- two main party but one party is dominant. Eg. Antigua -Two parties dominant-Two parties that have a good chance in winning.

What Political Parties Do? 1. They won the right to vote. 2. They integrate and mobilize citizen. 3. They recruit nationals for leadership in government. 4. They organize government. 5. They form policies in their manifesto 6. They aggregate interest. Negative views of Political Parties: -They are self serving and also for abusing the system competition for their own ends -They are accused of using race and poverty to divide the people.

Impact of Globalization on Caribbean EconomiesDefinition: Globalisation is often described as a historical process that entails the increasingintegration of, and interaction between countries as national borders become lesssignificant.Globalisation entails economic, cultural, political and environmental integration, however for this course; the focus will be on economic integration Factors leading to the recent acceleration of the globalization process Internationalization of finance; i.e. liberalization of capital markets and financialflows Internationalization of production and distribution; offshore production, thesubcontracting of work to firms in other countries Technological, Information and Communication revolution Globalization: The Caribbean experience 1.Caribbean countries have been fairly open as trade including import and exportsaccounts for more that a 100% of GDP for most countries2.Large volume of foreign capital is being invested, usually in the form of FDI in industries developed from our natural resource base eg. TOURISM3.Free trade is gradually replacing the existing system, which posses barriers to protect the local markets from imports, and save infant industries from mulateralgiants.4.the regions trading relationships is now being made more complex as the regiontries to diversify its trading relationships beyond traditional partners for example,US , UK and Canada to include Latin America and other counties5.There is increase cross border investment within CARICOM, Trinidad and Tobago is the leader 6.Firms are now reorganizing and restructuring businesses to operate more efficiently and more effectively in the Global environment. This includesformation of alliances, takeovers and regional expansion7. Restructuring and reorganization of government activities; greater focus onmacro economic stability and greater focus on creating an investment friendlyenvironment.8.There has been a negative impact on businesses and individuals

The Vulnerability of Small States to the Negative Effects of Globalisation The lack of diversification of exports, over-dependence on specific overseasmarkets, and dependence on imported technology and intermediate goods. Small States cannot influence the international prices of their exports. SIDS rely heavily on taxes on international trade to generate revenue. The WTO effort to achieve extensive tariff reduction could cause increased fiscal deficits. Relatively high transportation costs cause a loss of competitiveness Caribbean Studies TOPIC: Discuss the advantages and disadvantages of globalization for Caribbeancountries. Globalization is the growing interdependency between nations that results fromincreasing free trade and free movement. This move to encourage free trade is onedimension of the globalization process . In todays world and even years ago, countrieshave been trading with each other and people from different parts of the world have beenin contact and have made links with others elsewhere. While there are advantages of globalization for Caribbean countries, there are also its disadvantages. These advantagesincludes encourages foreign investors, increased jobs, increases specialization in goodsand services, economic growth, foreign competition forcing domestic producers to bemore efficient and advanced technology. However, the disadvantages include;competition which may lead to unemployment, exploitation of our resources andenvironmental consequences.Caribbean countries attract foreign investors as they are aware of our naturalresources. For example, Trinidad and Tobago is well known for its natural oil and gas.These foreign investors come to our countries and provide foreign exchange as well asrevenue which the government receives. The taxes such as corporation and direct taximposed on licenses fees are very helpful to the Caribbean countries. Consequently, bygenerating additional revenue, the government can improve public services such as healthcare to citizens which in turn improves their standard of living.Globalization provides increased job opportunities from these industries. Suchemployment can result directly from the operations of multinationals or indirectly fromlinkages within the economy. This aids in improving consumer welfare which thesecitizens enjoy as they will now have a steady income and in so doing, they will be able tomeet more wants instead of only being able to supply their basic needs.Globalization increases specialization in goods and services. Countries can beginto specialize in those products they are best at making if they import those that they areless efficient at from other countries. This is called comparative advantage.