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By Teresita Marti­nez-Vergne, Franklin W. Knight

The Caribbean ranks one of the earliest and such a lot thoroughly globalized areas on the planet. From the 1st second Europeans set foot at the islands to the current, items, humans, and concepts have made their long ago and forth among the zone and different components of the globe with unequal yet inexorable strength. a list of a few of those exceptional multidirectional exchanges, this quantity offers a degree of, in addition to a version for, new scholarship on globalization within the zone. Ten essays through top students within the box of Caribbean reviews establish and light up vital social and cultural elements of the quarter because it seeks to keep up its personal identification opposed to the unrelenting pressures of globalization. those essays study cultural phenomena of their creolized forms--from activities and faith to track and drink--as good because the Caribbean manifestations of extra common trends--from racial inequality and feminist activism to indebtedness and fiscal uncertainty. all through, the quantity issues to the contending forces of homogeneity and differentiation that outline globalization and highlights the becoming enterprise of the Caribbean peoples within the smooth international.

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The exports of Guyana, Jamaica, Belize, Dominica, Grenada, St. Lucia, and St. Vincent are concentrated in primary products. Barbados and Trinidad and challenges to caribbean economies 33 Tobago have more-diversified export structures. Only Barbados, Trinidad and Tobago, and Dominica have significant human-capital-intensive exports. Most of the oecs countries have significant technology-intensive exports on account of their assembly operations in electronic components and nonelectrical machinery and transport equipment.

The first of these was the 1994 North American Free Trade Agreement (nafta) among the United States, Canada, and Mexico. This agreement was the precursor to subsequent free-trade agreements negotiated with the United States. The second initiative was the launch of the process to create a Free Trade Area of the Americas (ftaa) in 1996 at the Summit of the Americas. The third event was the signing of the Cotonou Framework Agreement in 2000 between the European Union and a group of African, Caribbean, and Pacific countries to begin a process of negotiations toward a new trade partnership.

The smaller island members of the Organisation of Eastern Caribbean States (oecs) experienced relatively high growth during the 1980s. However, the threat of natural disasters widened the fiscal deficit and increased external indebtedness in a number of islands, in particular Antigua and Barbuda. Most caricom countries had instituted protection of domestic industries. The system of protection was most extensive in Jamaica, Trinidad and Tobago, and Guyana. In Jamaica in 1972, the importation of most products required an import license.

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