CSME: Challenges for NonLifelong Learners

About This Presentation

Title:

CSME: Challenges for NonLifelong Learners

Description:

CSME: Challenges for NonLifelong Learners – PowerPoint PPT presentation

Number of Views:227

Avg rating:3.0/5.0

Slides: 17

Provided by: ministryfo

Category:

more less

Transcript and Presenter's Notes

Title: CSME: Challenges for NonLifelong Learners

1
CSME Challenges for Non-Lifelong Learners

Presented By
DR. ROSALEA HAMILTON
CEO, Institute of Law Economics
3rd Annual Lifelong Learning Conference
January 18-19, 2006

2
What are the Challenge?

The MAJOR challenges for Non-Lifelong Learners
are the inability to compete in the
Labour market and
Product (goods services) market

3
What is the CSME?

The CARICOM SINGLE MARKET AND ECONOMY is a
regional economic arrangement among CARICOM
countries

4
Members of CSME

1. Antigua Barbuda 8. Jamaica
2. Barbados 9. St. Kitts and Nevis
3. Belize 10. Saint Lucia
4. Dominica 11. Suriname
5. Grenada 12. Trinidad Tobago
6. Guyana Haiti
7. St. Vincent Montserrat
the Grenadines The Bahamas (deciding)
To complete process Awaiting
entrustment from U.K.

5
History

Decade of Federalism 1948-1958
Caribbean Free Trade Area (CARIFTA) 1968
CARICOM - Treaty of Chaguaramas - 1973
CARICOM Heads of State decision on CSME in 1989

6
CSME

Key objectives of the CSME
SINGLE MARKET (2006)
Free movement of goods, services,
capital and people
SINGLE ECONOMY (by 2008)
Coordination of trade and economic policies

7
What kind of RTA is the CSME?

Regional Arrangements

Economic Union (EU) integration of economic
fiscal policy monetary union
Single/Integrated Market (CSME) no non-tariff
barriers movement of peopleCommon Market
(CARICOM) movement of factors of production
Customs Union (MERCOSUR) common external
tariff (CET)
Free Trade Area (NAFTA, FTAA) no tariffs or
restrictions

8
REVISED TREATY OF CHAGUARAMAS

Legal framework to achieve the objectives of the
CSME
Modify the 1973 Treaty of Chaguaramas using nine
(9) protocols
Creation of the Revised Treaty of Chaguaramas

9
FREE MOVEMENT OF PEOPLE

Provides legal framework for free movement of
people for
University Graduates
Artistes, Sports Persons, Musicians Media
Workers
Non-Wage Earners/Service Providers to establish
Business - includes managerial, supervisory
technical staff
It enables movement within Member States WITHOUT
the need for work permits
Requires a CARICOM Skills Certificate

10
RIGHTS OF ESTABLISHMENT

Refers to the right to (a) engage in
self-employment or (b) to create manage
economic enterprises in any Member State.
Removal of Restrictions to the establishment of
economic enterprises, companies, or other legal
entities
Must be substantially owned (50 equity) or
controlled by CARICOM citizens (Ch.3, Art.32)

11
THE MAJOR CHALLENGES

Intensification of competition
The rules of the road have changed and there are
no speed limits
This is not only due to the CSME but due to
GLOBALISATION
As more and more goods services enter Jamaica
they will become harder and harder to sell our
goods services and to find JOBS UNLESS

12
THE MAJOR CHALLENGES

Businesses are READY
To SELL goods and services
At a Lower price
With Better quality
With Greater efficiency
With Better customer service

13
THE MAJOR CHALLENGES

You are READY
To WORK
Faster
Harder
Smarter

14
(No Transcript)
15
Selected Education Indicators,
Barbados, Jamaica, Trinidad Tobago (Various
Years)
Source UNDHDR (2001) 14.5 (2000)
16
THE END!!!