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Essay / Research Paper Abstract
This 10 page paper considers the economic situation in the Caribbean island of Aruba, an autonomous region that remains a part of the Kingdom of the Netherlands and theories of integration. The paper then brings to two together to understand the positive and negative impacts that integration with a union in the Americas may bring for the nation. The paper is written as a conclusion of a larger paper. The bibliography cites 10 sources.
Page Count:
10 pages (~225 words per page)
File: TS14_TEarubai.rtf
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Unformatted sample text from the term paper:
Having ceded from the Netherlands Antilles in 1986, gaining autonomy within the Kingdom of the Netherlands, the full process of independence was stopped at the request of Aruba in 1990
(CIA, 2003). One issue the county has to deal with is the securing of stable trade relations; a move which is often seen as aided by economic integration. As
a member of the Kingdom of the Netherlands it may appear appropriate the integration should be with an area that has common ties, such as the same language, in Aruba,
Dutch is the official language, as well as where there are common law and existing trading ties. However, by looking at the economic patterns within the economy there is also
a string case for integration with an American trading block to boast trade. The GDP of the country is $1.94 billion (equivalent),
works out at $28,000 per capita, however, the economy is also in decline with a fall of 1.5% in 2002 (CIA, 2003). This is partly caused by a drop in
US tourism, the mainstay of the economy, as a result of the September the 11th attack. However, there has also bee growth with the opening of an oil refinery in
1993, which gives the country a good source if international income. As the country also has trade in transportation there is potentially a great deal to be gained form integration.
However, it is also apparent that their will also be disadvantages accompanying the advantages. The problem with the island may be seen
firstly in the way that the major trade is tourism, but also in the small size of the economy and the reliance that Aruba has on trade with the US.
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