MONDAY
1. THEORY
CARICOM
2. ANALYTICS
3 Characteristics of Caribbean Economies
Updated January 31, 2022 Reviewed by Margaret James Fact checked by Suzanne Kvilhaug
WEDNESDAY
3. CURRENT ISSUES
4. STATISTICS
5. ANALYTICAL COMMENTARY
VOCABULARY & GRAMMAR
KEY TERMS
| full-time members | working or operating for the entire time appropriate to an activity of an organization |
| associate members | as a member of an organization having only partial rights and privileges or subordinate status |
| full-fledged members | of full rank or standing; completely developed or qualified member |
| part-time privileges | a right or advantage enjoyed on a part-time basis |
| pertain | to have reference or relation to; relate |
| cease | to stop or discontinue |
| intra-regional | occurring between, or existing between two or more regions |
| equitably share | fair and reasonable in a way that gives equal treatment or ownership to everyone |
| conceptual comprehension | understanding the connection of concepts, operations, and relations |
| political commitment | the persevering act of politicians which ensures that they are achieving results |
FOCUS WORDS
| reside | находиться, принадлежать |
| distinct | отдельный, особый, отчетливый, определенный |
| subject to | подвергаться, зависеть от |
| abundance | множество, избыток |
| depletion | истощение, опустошение |
| impede | препятствовать, мешать, затруднять, задерживать |
| susceptible | восприимчивый, поддающийся, допускающий |
| allocate | распределять, назначать, отчислить |
| capacity | мощность, способность, возможность, объем |
| constrained | ограниченный, сдержанный |
PREPOSITIONS
- refer to
- defined by
- derive from
- range from
- dependent on
- demand for
- burden on
- allocate to
- subject to
- vital to
- susceptible to
- in the long-run
- constrained to
- engage in
- in an effort
WORDS FOR REPORT
| conduct a study |
| total participants |
| focus group participants |
| distinct groups |
| response |
GRAMMAR PATTERNS
Nevertheless, many Caribbean nations share similar economic characteristics and challenges.
Thus, several occurrences of natural disasters will result in the inefficient use of capital and would hinder long-term economic growth.
In addition, a major act of God will cause funds allocated to social services, such as healthcare and education, to be reduced and therefore decrease the country’s standard of living.
Added to that, there is always the possibility of a volcanic eruption or earthquake occurring without much warning.
In other words, both businesses and governments constantly need to be prepared for unexpected events that could result in the sudden loss of much needed infrastructure, valuable capital, and irreplaceable lives.
Additionally, many islands have established preferential trade agreements with Canada and members of the European Union.