ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The CSME seeks to implement provisions for the removal of trade and professional restrictions. These provisions facilitate the right to establishment businesses, to provide regional services, the free movement of capital and the coordination of economic policies.

Detailed explanation-2: -The main objectives of the CSME are: full use of labour; full exploitation of the other factors of production; competitive production leading to greater variety; quality and quantity of goods and services, thereby providing greater capacity to trade with other countries.

Detailed explanation-3: -CARICOM/ CARICOM Single Market and the Economy (CSME) The CARICOM Single Market and Economy (CSME) is an ambitious and ongoing effort by fifteen CARICOM countries (Antigua and Barbuda, Bahamas, Barbados, Belize, Dominica, Grenada, Guyana, Haiti, Jamaica, Monsterrat, St. Kitts-Nevis, St. Lucia, St.

Detailed explanation-4: -Economic transition will be the greatest challenge for the CSME, and perhaps defines its reason for being. In this context, changing economic relations with CARICOM’s major partners are explored after a short review of its current trade and investment profile.