December 2015
Intermediate to advanced
313 pages
16h 2m
English
Content preview from International Business, 2nd Edition by Pearson
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118 International Business
CARICOM
The Caribbean Community and Common Market (CARICOM) was established by the Treaty of
Chaguaramas, which was signed by Barbados, Jamaica, Guyana, and Trinidad and Tobago, and came
into eect on 1 August 1973. The membership subsequently grew and presently it has a membership of
20–15 member states and 5 associated members.
The objectives of the CARICOM are:
■ The major objective is to achieve economies of scale in the regional production of services such
as transportation, education, and health.
■ It also aims to pool financial resources for investment in a regional development bank.
■ It also targets the coordination ...
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