Challenges to Caribbean Economic Sovereignty in a Globalizing World
23 Pages Posted: 6 Dec 2011 Last revised: 9 Mar 2012
Date Written: November 6, 2011
Globalization presents unique challenges to the economic sovereignty of Caribbean states and territories. This Essay describes and analyzes the nature and impact of the following challenges: the OECD’s anti-tax haven and anti-money laundering initiatives; the United States-European Union World Trade Organization (WTO) banana dispute; the Antigua-United States WTO gambling dispute; the termination of EU sugar subsidies pursuant to WTO obligations; and the EU-CARIFORUM Partnership Agreement. The Essay explores the implications of the globalization – as represented by the challenges listed above – on the economic sovereignty of Caribbean states.
Keywords: Globalization, Caribbean, World Trade Organization
JEL Classification: K33
Suggested Citation: Suggested Citation