List of Figures
List of Tables
Preface
Acknowledgements
Abbreviations
Chapter 1: From Federation to the CARICOM Single Market and Economy
1.1 Introduction
1.2 West Indian Federation
1.3 Caribbean Free Trade Association
1.4 The Caribbean Community
1.5 CARICOM Single Market and Economy
1.6 Organization of Eastern Caribbean States
1.7 Conclusion
Chapter 2: Macroeconomic Overview of CARICOM Economies
2.1 Introduction
2.2 Economic Overview of CARICOM Countries
2.3 The Debt Dilemma
2.4 Important Characteristics of CARICOM Trade Relations
2.5 Trade and Growth
2.6 Vulnerability of CARICOM Countries
2.7 Prospects for the Caribbean Single Market and Economy
2.8 Conclusion
Chapter 3: Regional Economic Partnership Agreements: The European Union–CARIFORUM Agreement
3.1 Introduction
3.2 Categories of Regional Trade Agreements
3.3 Phrases and Concepts Used in Regional Trade Agreement Discussions
3.4 World Trade Organization Provisions for PTAs
3.5 Export Performance of Trade Blocs and Member Countries
3.6 Welfare Impact of Economic Integration
3.7 The Cooper-Massell Criticism
3.8 Natural Trading Partner Hypothesis
3.9 Differential Trading Benefits of Small and Large Trade Partners
3.10 The Regional Economic Partnership Agreement: The Cotonou Experience
3.11 The Structure of Economic Partnership Agreements
3.12 Measuring the Welfare Effects of the CARIFORUM Agreement
3.13 Measuring Economic Growth Spillovers from the European Union and the United States in the CARIFORUM Region
3.14 Conclusion
Chapter 4: The Rapid Growth of BRICS and Implications for CARICOM
4.1 Introduction
4.2 BRICS: A New Engine for Global Growth
4.3 BRICS and World Trade
4.4 CARICOM’s Trade with BRICS
4.5 CARICOM and BRICS Trade in Services
4.6 BRICS Outbound Tourism and Opportunities for CARICOM
4.7 BRICS FDI and Development Assistance in CARICOM
4.8 Challenges Confronting Policymakers in CARICOM as Regards the BRICS
4.9 Conclusion
Chapter 5: Intra-industry Trade: Applications to a Small Integration Bloc
5.1 Introduction
5.2 Intra-industry Trade: Prospects for CARICOM
5.3 Determinants of Intra-industry Trade: Insights within CARICOM
5.4 Theoretical Models of Intra-industry Trade
5.5 Measuring Intra-industry Trade
5.6 CARICOM’s Intra-industry Trade: Merchandise Trade and Services
5.7 Boosting Intra-industry Trade in CARICOM
5.8 Conclusion
Chapter 6: Market Access: Trade Facilitation and Aid for Trade Integration in CARICOM
6.1 Introduction
6.2 Market Access: Free Trade Necessary but Not Sufficient for Growth
6.3 The Role of Aid
6.4 Why Aid for Trade Matters
6.5 Aid for Trade and Productivity in Low-Income Countries
6.6 Trade Competitiveness and Trade Facilitation
6.7 Arguments for a Greater Flow of AfT Programmes for Trade Facilitation in the Caribbean
6.8 The Experience of AfT in the Caribbean
6.9 AfT and Regional Integration
6.10 The Way Forward: Getting More Out of AfT in CARICOM
6.11 Conclusion
Chapter 7: Strengthening CARICOM Regional Integration in the Twenty-First Century: Key Studies and Their Recommendations
7.1 Introduction
7.2 Bourne Report (1988)
7.3 OECS Report (2000)
7.4 Bonnick Report (2000)
7.5 Caribbean Trade and Adjustment Group Report (2001)
7.6 World Bank Report (2005)
7.7 Regional Economic Transformation Task Force
7.8 Summarizing the Gaps
7.9 Conclusion
Chapter 8: Unpausing the CARICOM Single Market and Economy
8.1 Introduction
8.2 Regional Dissatisfaction with CARICOM
8.3 Status of the CSME Twenty-Five Years after Its Launch
8.4 The Way Forward
Notes
References
Index
