2 marksCharacteristics and Challenges of Caribbean Economies

CSEC Economics · May/June 2009 · Paper 2 · Question 6(b)(i)b)

Regarding the impacts of globalization and trade liberalization on Caribbean economies:

Define the term 'Globalization'.

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Other parts of this question

6(a)List THREE characteristics of Caribbean economies.[3 marks]
6(b)(i)a)Define the term 'Trade liberalization'.[2 marks]
6(b)(ii)Outline THREE benefits of trade liberalization to Caribbean economies.[5 marks]
6(b)(iii)Identify TWO challenges associated with trade liberalization and globalization for Caribbean economies.[2 marks]
6(b)(iv)For EACH of the two challenges identified in (b)(iii), outline ONE measure that Caribbean governments can adopt to overcome it.[6 marks]

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