Caribbean Economic Area

EENI- School of International Business

Module: The Caribbean Economic Area of the Western Christian Civilisation (American). Syllabus:

The Module “The Caribbean Economic Area of the Western Civilisation” consists of four parts:

1. Introduction to the Caribbean Economic Area of the Western Christian Civilisation (American area)
   1. The Caribbean region
   2. The Economic Profile of the Caribbean countries
   3. African Diaspora in the Caribbean
2. The Economic Integration processes of the Caribbean area of the Western Civilisation
   1. The CARICOM
3. Interactions of the Caribbean Economic Area with other civilisations
4. Other institutions and organisations related to the Caribbean countries

Purposes of the Module:

1. To define the characteristics of the Caribbean Economic Area of the Western Christian Civilisation
2. To analyse the influence of Christianity on the Caribbean Economic Area
3. To know the economic profile of the Caribbean countries
4. To understand the process of economic integration in the Caribbean economic area of the Western Christian Civilisation
5. To know the economic relations with the other civilisations (Sinic, Hindu, Islamic, African, and Buddhist) and with other areas of the Western Civilisation
6. To analyse the main economic institutions related to the Caribbean Economic Area

Modules related to the “Caribbean Economic Area”

1- Introduction to the Caribbean Economic Area of the Western Christian Civilisation (American area).

1. The Caribbean region
2. The Caribbean countries: Antigua and Barbuda, the Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Montserrat, Saint Lucia, St. Kitts and Nevis, St. Vincent and the Grenadines, Suriname, and Trinidad and Tobago
3. The Caribbean Economy
4. The African Diaspora in the Caribbean.
   1. Toussaint Louverture
   2. Marcus Garvey
   3. Aimé Césaire

Note: Note: Belize is included in the Caribbean Economic Area due to his membership to CARICOM

2- The Economic Integration processes of the Caribbean area of the Western Civilisation

2.1- All the Caribbean countries are members of the CARICOM (Caribbean Community).

1. Antigua and Barbuda, Dominica, Grenada, Montserrat, St Kitts and Nevis, St Lucia and St Vincent, and the Grenadines are members of the Organisation of Eastern Caribbean States (OECS). They share the Eastern Caribbean dollar (Eastern Caribbean Currency Union)
2. The CARICOM Single Market and Economy (CSME)
3. The Caribbean Development Bank
4. The Eastern Caribbean Central Bank

2.1- All the Caribbean countries are also a members of the Association of Caribbean States (ACS) (with Belize, Colombia, Costa Rica, Cuba, El Salvador, Guatemala, Honduras, Mexico, Nicaragua, Panama, the Dominican Republic, and Venezuela).

3- Interactions of the Caribbean Economic Area with the other civilisations.

The interactions of Caribbean countries with the Western Christian Civilisation.

1. With the European economic area:
   1. Economic Partnership Agreement CARIFORUM-European Union (EU)
   2. Haiti is a beneficiary of the Generalised System of Preferences (GSP) of the EU
2. With the Latin American economic area:
   1. Agreement Colombia-CARICOM
   2. Caribbean Community-Costa Rica FTA
   3. CARICOM-Dominican Republic Free Trade Agreement (FTA)
   4. Belize is a member of the Central American Integration System (SICA)/Central American Common Market
   5. Suriname is a member of the Union of South American Nations (UNASUR)
3. With the North American economic area:
   1. With Canada: the Caribbean-Canada Trade Agreement (CARIBCAN)
   2. With the United States:
      1. All CARICOM countries are beneficiaries of the Caribbean Basin Initiative
      2. Haiti is a beneficiary of the Hemispheric Opportunity through Partnership Encouragement (HOPE) Act

The Guyana and Suriname are members of the Organisation of Islamic Cooperation (OIC).

4- Other institutions and organisations related to the Caribbean countries.

1. Community of Latin American and Caribbean States (CELAC)
2. Organisation of American States (OAS)
3. Antigua and Barbuda, the Bahamas, Barbados, Dominica, Granada, Haiti, Jamaica, Saint Kitts and Nevis, Saint Vincent and the Grenadines, Saint Lucia, Suriname, and Trinidad and Tobago are members of the Economic Commission for Latin America (ECLAC)
4. Anguilla, the Netherlands Antilles, Aruba, Turks and Caicos, the British Virgin Islands, the Virgin Islands of the United States, and Montserrat are associate members of the ECLAC
5. The Bahamas, Barbados, Granada, Haiti, Jamaica, Suriname, and Trinidad and Tobago are members of the Latin American and Caribbean Economic System (SELA)
6. The Bahamas, Barbados, Haiti, Jamaica, and Suriname are members of the Inter-American Development Bank (IDB)
7. World Customs Organisation
8. World Bank (WB)
9. International Monetary Fund (IMF)
10. World Trade Organisation (WTO)
11. Commonwealth
12. United Nations

Summary of the module - The Caribbean Economic Area of the Western Christian Civilisation.

Undoubtedly the great project of Caribbean economic integration is the CARICOM (Caribbean Community), an integration agreement consists of fifteen Caribbean countries representing 16 million people. The big project of the CARICOM is the Single Market and Economy of the Caribbean (CSME). Furthermore, all CARICOM countries are members of the Association of Caribbean States.

1. CARIFORUM is an important economic partnership agreement with the European Union (EU). Colombia, Costa Rica, and the Dominican Republic has Free Trade Agreements with the CARICOM
2. Both Canada (CARIBCAN agreement) and the United States (Caribbean Basin Initiative) have implemented important Trade Agreements with the Caribbean countries
3. The Caribbean countries do not have Trade Agreements with the other civilisations

The Caribbean countries.

1. The Caribbean countries Population: 16 million people
2. Most widely spoken languages: English, Spanish, French, and Creole
3. Area: 462,355 square kilometres
4. The main religion of the Caribbean countries is Christianity (Catholic and Protestant)
5. All countries are former colonies (England, France...)
6. It should be noted the influence of African Diaspora on the region

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