Caribbean Economies Caribbean economies are characterized by their market size, resources and nature of dependency. Caribbean economies are faced with the following economic problems: high inflation rates, high unemployment rates, debt, devaluating exchange rates, social problems like crime and violence and low rates of growth
Tag: Caribbean Economies in a Global Environment
Definition of Terms and Concepts
Definition of Terms and Concepts Below are definitions of terms and concepts associated with this section: Debt burden– is the amount of money that has to be paid in terms of interest on accumulated debt. Structural adjustments– are the changes governments must make on receiving developmental aid, to their political and economic practices. For example,…
Preferential Tariff and Trade Liberalization
Preferential Tariff and Trade Liberalization A preferential tariff is a reduction or elimination of custom duty levied on imported goods from countries with which it has a free trade agreement. Preferential tariffs benefit importer countries by making imported goods more affordable to the population. They are also beneficial to the exporter country as the trade…
E-Commerce
E-Commerce E-commerce refers to the buying and selling of goods through electronic medium such as the internet or other computer networks and has become increasingly popular with the widespread use of technology. Advantages of E-commerce – Convenience: the transactions are done on one’s own time, as it does not require one’s physical presence at a…