Economic Institutions

Question 1

What is the CARICOM?

Answer 1

CARICOM is the Caribbean Community and Common Market. It is a group of 20 developing Caribbean countries that come together to form an economic and political community and shapes policies for the region. It also encourages economic growth and trade.

Question 2

What is CSME?

Answer 2

This is the Caribbean Single Market and Economy which is an initiative of CARICOM. It integrates member states into a single economic unit. This results in the free movement of capital, services, technology and skilled professionals within the region