Essays on The Caribbean Community: The Geographical, Economic, and Political Legacy Case Study

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The paper "The Caribbean Community: The Geographical, Economic, and Political Legacy" is a great example of a case study on macro and microeconomics. This paper will study the CARICOM, its origins and trading regulations, its history and the various member states, the various factors and regulations that a new entrant will have to adhere to, and finally look at a possible trading structure for the new state known as New Caribbean. The Caribbean Community (originally the Caribbean Community and Common Market) or CARICOM came into existence through the Treaty of Chaguaramas on August 1, 1973.

Some of the initial members of this association were Barbados, Jamaica, Guyana, and Trinidad, and Tobago. Later on, the Treaty of Chaguaramas was changed to accommodate certain clauses and it was used to establish the CARICOM Single Market and Economy or the CSME. In the year 1962, the CARICOM was founded to replace the already existing CARIFTA or the Caribbean Free Trade Association. The organization was developed and created to give a long-lasting economic association among all the English-speaking nations of the Caribbean after the area of West Indies, got distributed in 1962. The membership of the nation of Haiti was temporarily withdrawn in the year 2004 but it was later re-admitted as a full member in the year 2006 into the CARICOM.

Also, the Haiti President also addressed the council of ministers meeting during the same year (Lewis, Gordon) The Foreign Minister of the Dominican Republic in the year 2005 sought full membership status in CARICOM following its previous membership. A number of difficulties however are expected to arise in the committee regarding this matter. The Dominican Republic has a very high population and large geographical size compared to the current members of CARICOM and also has in the past differed in its foreign policies from the other states.

Due to these factors, it remains to be seen if the member states of the CARICOM will unanimously vote for the re-entry of the Dominican Republic.


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