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(Globalization and Development, 2003)
Globalization refers to the growing level of economic integration among countries. (Challenges and Opportunities of Globalization: An Action Plan for Caribbean Labor Markets, 1999)
Based on these definitions, we can identify various aspects that would need developing to keep up the globalization process. Even though the definitions have identified these areas of developments which are necessary, the major Factors which dictate the unpreparedness of the CARICOM would be that of Financial and Economical.
One of the most important aspects is the financial position of CARICOM members is of great importance in their development for globalization...
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