Regional trade blocs were created to encourage partnerships between high-income developed countries, and lower-income developing countries. One such trading bloc, - the ‘CARICOM Single Market and Economy’ was established with the objective of expanding intra-regional and extra-regional trade, among other objectives as outlined in Article 6 of the Revised Treaty Establishing the Caribbean Community including the CSME. Discuss whether the creation of this trading bloc significantly expanded intra-regional and extra-regional trade in goods and services for CSME participating member states. Discuss with the use of practical examples and data to support your position. In your discussion cite some CARICOM trade policy instruments/measures implemented to help propel intra/extra-regional trade. You can use your home country (if a member of CSME) as a reference point in your discussion. The essay/ report should contain a clear introduction to the topic, content on the theories and principles governing the topic, varying perspectives or schools of thought, advantages, disadvantages, and country-specific examples to explain key concepts, as well as a logical conclusion.
Regional trade blocs were created to encourage partnerships between high-income developed countries, and lower-income developing countries. One such trading bloc, - the ‘CARICOM Single Market and Economy’ was established with the objective of expanding intra-regional and extra-regional trade, among other objectives as outlined in Article 6 of the Revised Treaty Establishing the Caribbean Community including the CSME. Discuss whether the creation of this trading bloc significantly expanded intra-regional and extra-regional trade in goods and services for CSME participating member states. Discuss with the use of practical examples and data to support your position. In your discussion cite some CARICOM trade policy instruments/measures implemented to help propel intra/extra-regional trade. You can use your home country (if a member of CSME) as a reference point in your discussion.
The essay/ report should contain a clear introduction to the topic, content on the theories and principles governing the topic, varying perspectives or schools of thought, advantages, disadvantages, and country-specific examples to explain key concepts, as well as a logical conclusion.
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