Lack of re­search un­der­min­ing Caribbean in­te­gra­tion – Gold­ing

Jamaica Gleaner - - SO­CIAL - Ro­mario.scott@glean­

be ex­ploited. Im­por­tantly, we have to look at en­vi­ron­men­tally sta­ble ways to do these things,” he said.

“So many of the Caribbean coun­tries de­pend on the ocean as a part of their eco­nomic sur­vival.”

He said much more can be done to boost fish­ing. He was alarmed that Ja­maica could be im­port­ing mil­lions of fish from as far as China, “when we have the en­tire Caribbean Sea around us”.


Gold­ing, who spoke to The Gleaner re­cently af­ter a func­tion at the Univer­sity of the West Indies Mona Re­gional Head­quar­ters, is also of the view that the Caribbean Sin­gle Mar­ket and Econ­omy (CSME) is ahead of its time.

“You can­not have a sin­gle mar­ket with 14 dif­fer­ent gov­ern­ments and 14 dif­fer­ent par­lia­ments op­er­at­ing as in­de­pen­dent en­ti­ties be­cause a sin­gle mar­ket needs har­mon­i­sa­tion of mon­e­tary poli­cies, debt­man­age­ment poli­cies, and in­vest­ment poli­cies,” Gold­ing said in sup­port­ing his po­si­tion, us­ing the prob­lems fac­ing the Euro­pean Union as an ex­am­ple of pos­si­ble draw­backs of the still­born sin­gle-mar­ket pol­icy.

He fur­ther ar­gues that one set of rules and stan­dards is needed in or­der for a sin­gle mar­ket to be ef­fec­tive. That he does not see hap­pen­ing any­time soon as there are is­sues, with frame­works to be dis­cussed, agreed, and im­ple­mented.

“We haven’t reached there yet. We still have a long way to go be­fore we get there,” he said.

Gold­ing did not com­pletely dis­miss the idea of hav­ing a sin­gle mar­ket but pointed to the need for re­search and dis­cus­sion with the aim of har­mon­is­ing crit­i­cal poli­cies.

“If you look at the suc­cess at the Or­gan­i­sa­tion of East­ern Caribbean States in terms of their mon­e­tary ar­range­ments, maybe if we had some­thing like that cov­er­ing all the Caribbean coun­tries, the Ja­maican dol­lar would not be J$128 to US$1 now,” he ar­gued.

In the mean­time, the chair­man of the CAR­CIOM Com­mis­sion shrugged off sug­ges­tions that he has back­tracked from some of the hard­line po­si­tions he had pre­vi­ously held as it re­lates to the sub­ject of CARICOM.

“No, as a mat­ter of fact, it is con­sis­tent with the man­date of the com­mis­sion, which is to find ways to make it work,” he said.

Writ­ing in The Gleaner as a colum­nist, Gold­ing ar­gued that the dis­par­i­ties and pe­cu­liar­i­ties that ex­ist in the dif­fer­ent CARICOM coun­tries do not nec­es­sar­ily make re­gional in­te­gra­tion im­pos­si­ble, but “they most def­i­nitely de­fine the type and scope of in­te­gra­tion that is pos­si­ble and ex­plain why so many of the lofty ob­jec­tives of CARICOM can, and will never, be re­alised”.

He fur­ther wrote, “I am of the view that re­gional in­te­gra­tion as con­ceived in the Re­vised Treaty of Ch­aguara­mas is un­work­able.”


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