Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
The Potential of the Caribbean Market
Despite the above challenges, it is also true that Jamaica and other countries in the region have become a significant emerging force in the global market. The problems outlined above serve only as challenges for those venturing into the Caribbean market, and Jamaica specifically.
Specific areas showing great potential for the international Jamaican market include telephones and tourism. The above-mentioned technology has increased by leaps and bounds since the 1990's, and great progress has been made in the area of tourism. Indeed, 90% of Jamaica's international revenue in the services sector is accumulated from tourism. Undeveloped Caribbean niche markets in this sector include eco-tourism and package tours. These are specific areas that can benefit from educational efforts and possible entertainment components.
Wireless telephony is also a large potential Jamaican market. The country features 1.2 million cell phones for its 2.6 million population. The average phone bill in the country is $50 per month. The potential of this market lies in the demand for inter-island communication, as well as communication between the United States and the Caribbean area. A hopeful sign is that some Caribbean governments are working towards more competition between wireless phone companies, while landlines are mostly handled by Cable...
Once again, this is a potential market that is largely undeveloped in this emerging market. Hotels and resorts can for example be developed in these areas, as the Caribbean islands are popular tourist destinations. Furthermore real estate benefits from persons wishing to retire in the Caribbean area.
Hotels and resorts can then be offered at discount and package rates, up to the top-rate hotels for the traveler with money to spend. Underserved, less affluent tourists can then be easily catered for by the large amount of undeveloped land available.
It appears then that Jamaica and the entire Caribbean area features many untapped resources for global trade. What remains to make the most of these markets is facing challenges such as political, legal and educational shortcomings and addressing these. The global market and the revenue already generated through services such as tourism can be used towards this end. Foreign investors can be made aware of the market by means of advertising and global activity. Revenue generated through investment can furthermore be used towards the ends of development and infrastructure.
Jamaica and the Caribbean serve as examples of largely untapped resources, which can be developed for the benefit of all its inhabitants.
In the 1990s, once globalization had momentum and it was obvious to many observers that "decent work" wasn't the end all in terms of solutions, Munck continues. Is "decent work" just a "backward-looking utopianism" as Waterman (2008) insisted it is? Yes, Munck agrees it is a bit utopian, because its promise is based on "the myth of a golden era of social harmony" and yet, a "decent work" movement could
Globalization arguably began even before Marco Polo’s expeditions, possibly being traceable to Alexander the Great’s establishment of overland routes between Eastern Europe and India. The assumption that globalization equals Americanization is profoundly arrogant, and is also ignorant of the history, meaning, and implications of globalization. Globalization implies integration and interdependence of the world. Predating the United States of America, globalization nevertheless reached a peak in the 20th century, when a
That said, Goodhart believes that global governance, if pushed too far into sovereign nations' doings, can in fact undermine popular sovereignty as "a viable conception of democracy" but it is not doing that and in fact, in a globalized world that is increasingly interdependence needs a new kind of democracy. The new sovereigntists' views are normative while Goodhart's are more along the lines o positivism. Basically, Goodhart argues that
Globalization has become a ubiquitously word in the last few decades. Much of the globalization trend is driven by the fact that many organizations operate internationally and supply chains have become sophisticated, complex, and spans the entire globe. As a result of globalization, many organizations have tried to proactively create a level of homogenization and standardization internationally of markets, resources, and labor. When international companies can have access to foreign
Globalization's Effect on the United States' National Security Objective of this paper is to explore the impact of globalization on the United States national security. The study defines globalization as the increasing global relations of people, corporate organization and government. There is no doubt that the globalization provides numerous benefits to the American economy. Despite the benefits derived from the globalization, the advent of globalization also provides some threats to the United
The global "mindset" that companies must have is defined as "…the ability to develop and interpret criteria for business performance" that are not relying on the "assumptions of a single country, culture or context to implement those criteria appropriately…" (Begley, et al., 2003). Begley and colleagues insist that the "truly globalized corporation" sees globalization as more of a "mind-set" than a "structure" per se (p. 1). The three mind-sets that