Regional Integration

Question 1

What is Regional Integration

Answer 1

Countries, organisations and individuals working together to develop the region politically, economically and socially

Question 2

Economic Integration

Answer 2

An agreement between nations to reduce or eliminate trade barriers and agree on fiscal policies

Question 3

Intra-Regional Trade

Answer 3

Trade within a region

Question 4

Challenges facing the Carribean

Answer 4

Small size
Lack of diversification
Debt burden
Shortage of capital
Shortage of skilled workers

Question 5

Regional Integration Establishments

Answer 5

West Indies Federation (WIF)

Caribbean Free Trade Association (CARIFTA)

Caribbean Community and Common Market (CARICOM)

Organisation of Eastern Caribbean States (OECS)

Association of Caribbean States (ACS)

Caricom Single Market and Economy
(CSME)

Question 6

Objectives of Regional Integration Establishments

Answer 6

Cooperation

Economic integration

Harmonizing of foreign policy

Question 7

Factors promoting Regional Integration

Answer 7

Cultural Heritage

Common economic and social issues

Vulnerability to natural disasters

Question 8

Factors that hinder Regional Integration

Answer 8

Geography of region

No common strategy for development

Absence of a common currency

Question 9

Benefits of Regional Integration

Answer 9

Reduction in unemployment and underemployment

Better response to implications of globalization

Free movement of goods, labour and capital

Question 10

When was the West Indian Federation established?

Answer 10

1956

Question 11

When did the West Indian Federation collapsed?

Answer 11

1962

Question 12

When was the Caribbean Free Trade Association established?

Answer 12

1965

Question 13

When was the Caribbean Community established?

Answer 13

1973

Question 14

When was the Organisation of Eastern Caribbean states established?

Answer 14

1981

Question 15

When was the Association of Caribbean States established?

Answer 15

1994

Question 16

When was the Caribbean Single Market & Economy established?

Answer 16

2002

Question 17

Function of the WI Federation

Answer 17

To seek independence from Britain as a single state

Question 18

Function of Carifta

Answer 18

To unite the economies of these countries and to give them a more powerful, joint international presence.

Question 19

Function of Caricom

Answer 19

Promote economic integration and functional co-operation among its members

Question 20

Heads of Government Conference functions:

Answer 20

To determine policies of CARICOM
Concludes treaties between countries
To be responsible for making financial arrangement