Regional Integration

The treaty which led to the establishment of CARICOM is an example of a:

• Bilateral agreement

• Unilateral agreement

• Functional agreement

• Multilateral agreement

'Economic integration', as part of CARICOM's main objectives, aims primarily at:

• Rationalizing CARICOM's existing tariffs

• Limiting outside access to CARICOM products

• Accelerating development in CARICOM countries

• Reducing the debt owed by CARICOM member states

Between 1958 and 1962 Caribbean governments made an attempt to unify the region politically by:

• Forming a federation

• Seeking independence

• Establishing CARIFTA

• Organizing CARICOM

The CARICOM Single Market and Economy (CSME) was created to deepen the integration movement and to respond to the challenges and opportunities of

• Communism

• Globalization

• Independence

• Republicanism

Which of the following is the MOST important aim of the trading arrangements within CARICOM?

• To promote economic development in the region

• To increase the markets and revenue of larger territories

• To increase travel and contact among people of the region

• To ensure that goods from outside the region become cheaper

"lndividual countries in the region are too small to make their presence felt on the world stage."

Implied in this statement is the need for

individual countries to:

• Return to colonialism

• Espouse republicanism

• Demand their democratic freedom

• Seek to create trading links with each other

Which of the following may HINDER economic integration in CARICOM?

• Removal of duties and tariffs

• Restriction on intra-regional trade

• The establishment of a common

  currency

• More funding from the Caribbean

  Development Bank

"CARICOM countries need to pool their skilled human resources."

The MOST likely result of such action would be:

• A speeding up of the rate of 'brain drain'

• A reduction in the need for foreign experts

• A reduction in workers wages and salaries

• An increase in the spending of foreign exchange

In relation to CARICOM, the University of the West Indies, the University of Guyana and the Council of Legal Education are known as

• Associate institutions

• Public organizations

• Multilateral institutions

• nongovernmental organizations

Which of the following is a function of the Caribbean Development Bank?

• Regulating foreign exchange rates in CARICOM countries

• Providing loans to individuals in the Caribbean for home construction

• Serving as a central bank for all commercial banks in the CARICOM region

• Organizing and supervising loans for developmental work in member states