Sample Essay on:
English Speaking Caribbean Countries in World Economy and Trade: Relative Impacts of the World Trade Organization

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Essay / Research Paper Abstract

A 10 page overview of the problems English speaking Caribbean nations encounter in regard to functioning in the world economy. The author asserts that the WTO has had little positive effect on these countries. CARICOM, in contrast, offers these countries hope. Bibliography lists 10 sources.

Page Count:

10 pages (~225 words per page)

File: AM2_PPcaribW.rtf

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Unformatted sample text from the term paper:

World economy is determined by a number of factors other than unilateral trade agreements. Even in the existence of such agreements, in fact, the English speaking Caribbean countries restrict their trade primarily to interaction with the U.S. and the European Union. With the expiration of the Lome Convention treaty in February 2000, a treaty which previously awarded these nations special treatment in regard to trade relations, the small countries have been thrown onto the world trade front. What this means is that they must be able to compete more effectively against countries like Brazil, Venezuela, and Columbia in capturing the U.S. market. Many contend that these smaller countries are largely incapable of wielding effective competition without outside aid. Outside aid, however, is a possibility under the rules of the World Trade Organization only when a country is declared developmentally deficient. According to the United Nations the Caribbean Islands, when these Caribbean nations are evaluated in accordance with the three key indicators of health, education, and income, only Haiti comes out with a low enough ranking to qualify it as developmentally deficient. The dilemma the English speaking Caribbean nations find themselves in is just one more nick in a relatively long history of shortcomings in regard to our apparent ability to fairly regulate world trade. Interestingly the WTO, first implemented in January 1995, is a relative newcomer on the ever growing list of failures in terms of giving smaller countries a leg up in world economy. The WTO was intended as a replacement for the General Agreement on Tariffs and Trade (GATT). Its mission is to ...

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