Strategic Framework for and Efforts at Resource Mobilisation

• Author: UWI-CARICOM Project
• Pages: 104-114

104 CSME: Challenges, Benefits, Prospects

In 1992, almost twenty years after the 1973 signing of the Treaty of

Chaguaramas, the Caribbean Community set the stage for its further

transformation by its adoption of a body of recommendations set out in

Time for Action: Report of the West Indian Commission. A central feature of

the actions agreed to was repositioning the Community in the global

environment and undertaking a fundamental deepening of the integration

movement by the pursuit of the establishment of a Single Market and Economy.

This had been first identified as an objective in 1989. The strategy of

repositioning includes deliberate acceptance of the concept of widening the

membership of CARICOM, expanding its co-operation agreements with

neighbouring States, and recognizing the human, social and cultural

dimensions as fundamental pillars of the transformation strategy. It has been

increasingly recognized that achieving sustainable economic growth in a

liberalised environment requires economic, legal and institutional reforms

envisaged by the CSME, along with market-driven production, increased

attention to supporting service and other sectors, human development, social

equity and poverty alleviation.

In 1997, Member States adopted the position that a sound and stable

environment for development in the proposed CSME required a further

dimension of action, that is, the pursuit of a core set of good governance

principles, and they committed to advance the principles enshrined in the

Charter of Civil Society. It has also been recognised that just as poverty

reduction requires a multi-sectoral perspective, repositioning the Community

through the pursuit of a viable, competitive and sustainable CSME, requires

a similar multi-dimensional strategy. Such a multi-dimensional package

STRATEGIC FRAMEWORK FOR

AND EFFORTS AT RESOURCE

MOBILISATION

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