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In: Economics

1. Identify areas of policy action and macroeconomic issues in relation to the aim and work...

1. Identify areas of policy action and macroeconomic issues in relation to the aim and work of the CSME.

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Answer) CSME or Caricom single market and economy with aim of is a development vision plan signed on 1st January,2006 with aim of better integration and more significance amongst its members,coming to the issues,the major issue is of trust and accounatbility,is every member getting its benefits or is their any selectivism,culture and people acceptance of other members is still a big issue with countries not doing trade amongst each others as freely as they should,further there is no political body which can lead it to world economy like European union,unless a common leadership is there which looks it as a significant power,world will not give it much importance,then the issue of structured financial programme is missing which has a plan to consolidate the power of such an agreement,to summarize CSME is facing policy paralysis,cultural gap,lack of financial planning and visionless future,which is hampering its members' growth significantly and it may need to act quickly to remove doubts about its work.

Answer is complete.Thank you!

Rahul Sunny answered 6 months ago
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