Question

The European Union (EU) has always been touted as a prime example of a successful economic union. However, many persons started questioning the strength of the EU after the UK left earlier this year. Assume that you are an advisor to the committee that deals with the Caribbean Single Market and Economy (CSME) and that some members of the committee are having doubts about the success of the CSME based on what is happening with the EU. Presents a case for the Caribbean to still try to make the CSME a reality.

Answer 1

Caribbean single market and economy is designed to represent a single economic space within which people , goods, services and capital can move freely and as such it will require the harmonization and coordination of social economic and trade policies among the participatimg member countries.

However after United Kingdom left the European Union many people have raised questions about the possibility of the success of Caribbean single market and Economy.

first of all latest look at the meriu CSME can bring

* it promotes economic cooperation between the member states as the member states will be integrated into a single common market

*It act as a common platform for negotiating foreign policies with the Nations and blocks outside the region.

* it ensures that the benefits of integration are equally shared.

* it helps the member Nations to attract more investment.

* it facilitates the improvement of living and working standards

* provides more employment opportunities for the people in member nations.

* Increase the pace of the achievement of sustainable development

By cancelling the formation of Caribbean singer market and economy we will be depriving the member nations of all these benefits.

And Just because UK left European Union we can not undermine the achievements European Union has made. Nobody can deny the fact that European Union give 500 million people the freedom to live study or work anywhere ,created one of the world's biggest singer markets and even won the Nobel peace prize in 2012.

More ever we can learn from the success and failures of European union and Make sure that CSME achieves the glorious purposes for which it has been formed.