2.2.1 Building Economic Resilience - Stabilisation and
Sustainable Economic Growth and Development
2.2.1.1 Introduction
Current analyses predict that difficult economic times may persist for several Member States
over the planning period to 2019.
Because of this and the Region’s other vulnerabilities,
Building Economic Resilience will be primary among the six Strategic Priorities, enabled by all
others. This Priority will focus on creating an
enabling environment for stabilization and
transitioning to growth of the economies of
Member States viz,
Accelerating implementation and
use of the CARICOM Single Market
and Economy;
Integration into the Global Economy;
Introducing
Measures
Macroeconomic Stabilisation;
Building
Competitiveness
and
Unleashing Key Economic Drivers to
Transition to Growth.
CSME
Integrate into the Global
Economy
Macroeconomic
Stabilization
Build Competiveness
and unleash Drivers for
Growth
for
2.2.1.2 Goal
To engender sustainable growth of the economies of Member States
2.2.1.3 Strategies
1.
ECN 1- Accelerate Implementation and Use of the CARICOM Single Market and
Economy – The fundamental rational for implementing the CSME, is to achieve sustained
economic development based on international competitiveness and coordinated
economic policies and enhanced trade and economic relations with Third States. The
CSME is intended to inter alia, provide larger market opportunities; take advantage of
greater economies of scale; stimulate increased competitiveness; and increase
opportunities for investment. This strategy will address:
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