Terms in Regional Integration

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Across
  1. 11. These are corporations or enterprises that manage production and
  2. 12. An economic unit formed by nations with intention of eliminating or reducing trade barriers among its members.
  3. 13. The movement towards the removal of trade barriers among members of a regional organization. For example, the Caribbean Single Markets and Economy Agreement
  4. 14. This is the concept or practice of creating central economic, cultural, political, or administrative systems between countries geographically located in a connected area.
  5. 15. an agreement on one or several issues between two groups or countries Jamaica
  6. 17. Guyana entered into this agreement in relation to the importation of rice.
Down
  1. 1. a country that has not yet reached the stage of economic growth to stand on its own in order to further its group. for example Jamaica, Guyana, Barbados and Trinidad and Tobago.
  2. 2. the processor government, central bank or monetary authority of a country uses to control the supply, availability, and cost of money.
  3. 3. The creation of an economic space by a group of countries where there is reduced or no restrictions on the movements of goods, money, and people between the members of the group.
  4. 4. a relatively poor country with little or no material wellbeing.
  5. 5. services in more than one country. They are also known as Transnational Corporations.
  6. 6. The process by which the economics of a group of countries are drawn more closely together so that a group, as well as the individual countries, become stronger or more developed.
  7. 7. this is a government's policy for dealing with the budget, especially in relation to taxation and borrowing. This is usually controlled by the Ministry of Finance.
  8. 8. This is increased connectivity and interdependence of world markets and businesses. It is promoted by decreasing or eliminating states that enforce restrictions on their borders.
  9. 9. this is a self-government of a country nation or state by its residents and population
  10. 10. agreement an agreement on one or several issues among many groups or countries. This type of agreement some Caribbean countries in relation to access to the University of the West Indies and its campuses
  11. 16. bloc a trading bloc is made up of a number of countries that are linked by special trading arrangements and share the same political and economic aims. These blocs are created to gain a competitive advantage on the world market.