CSME: Assessment of the Region's Support Needs

• Author: Havelock Brewster
• Profession: Professor
• Pages: 244-246

244 CSME: Genesis and Prognosis

TABLE 18-1 — Multi-Criteria Cross-Area Prioritisation Plan

Urgency

(Timelines)

Short-

Term

Economic

Impact

Long-

Term

Economic

Impact

Logical

Dependence

(Building-

Blocks)

Opportunity

Cost

1

Probability Of

Attaining

Objective

(Inverse Of

Risk)

Experimental

Score

2

Institutional And Legal

Framework

Revised Treaty of

Chaguaramas H L L H H H 35.0

Caribbean Court of Justice H L L H L M 27.5

Competition Policy H L H M M M 32.5

Intellectual Property L L L L M M 20.0

Government Procurement H L L L M M 25.0

Standards H M M H M H 37.5

Harmonisation of Legislation

- Company Law L M M M M L 25.0

- Customs Law M M M H M L 30.0

- Banking and Securities

Legislation M M H H L H 37.5

- Dispute Settlement M M M H L M 30.0

- Public Education H M H H L H 37.5

1

Opportunity Cost: H = Low Cost (,12 work months of assistance needed), M = Medium Cost (12-36 work months), L = High Cost (.36

work months)

2

Experimental Score: Maximum = 45.0, H = 7.5, M = 5.0, L = 2.5