Economy Of The Caribbean
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Economy Of The Caribbean
The 'Economy of the Caribbean' is varied, but depends heavily on natural resources, agriculture and travel and tourism. Main trading partners Natural resources By international standards, minerals most valuable on the international market are found in Cuba, Jamaica, and Trinidad and Tobago. Several nations of the Caribbean are rich in natural resources; including Trinidad's vast natural gas and oil reserves, Jamaican bauxite and most recently the discovery of a largoil fieldin Guyana. The resources that make significant contributions to domestic economies and regional job sectors include fisheries, agriculture, forestry, mining and oil and gas bauxite, iron, nickel, petroleum and timber, among others. It has been noted by some that the Caribbean's most important resource is its tropical island setting, which has generated an important tourism sector. The attention by regional governments towards economic diversification in the early 1990s is often associated with increased produ ...
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Natural Resource
Natural resources are resources that are drawn from nature and used with few modifications. This includes the sources of valued characteristics such as commercial and industrial use, aesthetic value, scientific interest and cultural value. On Earth, it includes sunlight, atmosphere, water, land, all minerals along with all vegetation, and wildlife. Natural resources is a part of humanity's natural heritage or protected in nature reserves. Particular areas (such as the rainforest in Fatu-Hiva) often feature biodiversity and geodiversity in their ecosystems. Natural resources may be classified in different ways. Natural resources are materials and components (something that can be used) that can be found within the environment. Every man-made product is composed of natural resources (at its fundamental level). A natural resource may exist as a separate entity such as fresh water, air, as well as any living organism such as a fish, or it may be transformed by extractivist in ...
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Windward Islands
french: Îles du Vent , image_name = , image_caption = ''Political'' Windward Islands. Clockwise: Dominica, Martinique, Saint Lucia, Saint Vincent and the Grenadines, and Grenada. , image_alt = , locator_map = , location = Caribbean SeaNorth Atlantic Ocean , coordinates = , area_km2 = 3232.5 , total_islands = 90+ , major_islands = CarriacouDominicaGrenadaMartiniquePetite MartiniqueSaint Lucia Saint Vincent , highest_mount = Morne Diablotins, Dominica , elevation_m = 1,447 , country = Dominica , country_largest_city = Roseau , country1 = Grenada , country1_largest_city = St. George's , country2 = Martinique , country2_largest_city = Fort-de-France , country3 = Saint Lucia , country3_largest_city = Castries , country4 = Saint Vincent and the Grenadines , country4_largest_city = Kingstown , density_km2 = 227 , population = 854,000 , ethnic_groups = The Windward Islands are the southern, generally larger islands of the Lesser Antilles. Part of the West Indies, they lie south ...
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Barbados Water Authority
Barbados Water Authority Limited (BWA), a government statutory corporation, is the sole provider of water services. Water supplied by the BWA in Barbados is pumped from wells within natural coral aquifers. The geology of Barbados is mostly composed of karst limestone which acts as a filter medium within the aquifers. The water service in Barbados is reliable and the water supply is safe and refreshing to drink, although the water source naturally of high quality; the BWA treats the potable water supply with chlorine to comply with World Health Organization (WHO) standards. Desalination plant Due to high demand, a desalination plant was built to augment the existing groundwater. Currently supplying for up to 20 per cent of the population, the joint General Electric and Williams Industries-owned facility at Brighton, St. Michael; it currently produces about 23,000 cubic metres of potable water per day, (with maximum capacity for 30,000 cubic metres.) The plant takes brackish water ...
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European Investment Bank
The European Investment Bank (EIB) is the European Union's investment bank and is owned by the EU Member States. It is one of the largest supranational lenders in the world. The EIB finances and invests both through equity and debt solutions projects that achieve the policy aims of the European Union through loans, guarantees and technical assistance. The EIB focuses on the areas of climate, environment, small and medium sized enterprises (SMEs), development, cohesion and infrastructure. It has played a large role in providing finance during crises including the 2008 financial crash and the COVID-19 pandemic. Since its inception in 1958 the EIB has invested over one trillion euros. It primarily funds projects that "cannot be entirely financed by the various means available in the individual Member States". The EIB is one of the biggest financiers of Sustainable finance, green finance in the world. In 2007, the EIB became the first institution in the world to issue Green bond, ...
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European Union
The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe. The union has a total area of and an estimated total population of about 447million. The EU has often been described as a '' sui generis'' political entity (without precedent or comparison) combining the characteristics of both a federation and a confederation. Containing 5.8per cent of the world population in 2020, the EU generated a nominal gross domestic product (GDP) of around trillion in 2021, constituting approximately 18per cent of global nominal GDP. Additionally, all EU states but Bulgaria have a very high Human Development Index according to the United Nations Development Programme. Its cornerstone, the Customs Union, paved the way to establishing an internal single market based on standardised legal framework and legislation that applies in all member states in those matters, and only those matters, where the states have agreed to act ...
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Banana
A banana is an elongated, edible fruit – botanically a berry – produced by several kinds of large herbaceous flowering plants in the genus ''Musa''. In some countries, bananas used for cooking may be called "plantains", distinguishing them from dessert bananas. The fruit is variable in size, color, and firmness, but is usually elongated and curved, with soft flesh rich in starch covered with a rind, which may be green, yellow, red, purple, or brown when ripe. The fruits grow upward in clusters near the top of the plant. Almost all modern edible seedless ( parthenocarp) bananas come from two wild species – ''Musa acuminata'' and ''Musa balbisiana''. The scientific names of most cultivated bananas are ''Musa acuminata'', ''Musa balbisiana'', and ''Musa'' × ''paradisiaca'' for the hybrid ''Musa acuminata'' × ''M. balbisiana'', depending on their genomic constitution. The old scientific name for this hybrid, ''Musa sapientum'', is no longer used. ''Musa ...
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Lome Convention
Lome may refer to: Places * Lomé, the capital and largest city of Togo * Lome (woreda), a woreda in the Oromia Region of Ethiopia * Lome, Slovenia, a dispersed settlement in the Municipality of Idrija in the Inner Carniola region Other uses * Lomé Convention, a trade and aid agreement between the EU the ACP * Lomé Peace Accord, a Sierra Leone peace agreement * LOME, Late Ordovician mass extinction People with the name * Enrique Dupuy de Lôme, Spanish ambassador to the United States * Henri Dupuy de Lôme (died 1885), French naval architect * Lome Fa'atau Lome Fa'atau (born 23 October 1975 in Wellington, New Zealand) is a rugby union player. The speedy winger is recognisable by his traditional Samoan tattoo (pe'a). Before his rugby career took off, he attended St. Patrick's College in Wellington, ... (born 1975), New Zealand rugby union player See also * French ship ''Dupuy de Lôme'', a list of ships {{disambiguation, geo, surname, given name ...
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Plantation Economy
A plantation economy is an economy based on agricultural mass production, usually of a few commodity crops, grown on large farms worked by laborers or slaves. The properties are called plantations. Plantation economies rely on the export of cash crops as a source of income. Prominent crops included cotton, rubber, sugar cane, tobacco, figs, rice, kapok, sisal, and species in the genus ''Indigofera'', used to produce indigo dye. The longer a crop's harvest period, the more efficient plantations become. Economies of scale are also achieved when the distance to market is long. Plantation crops usually need processing immediately after harvesting. Sugarcane, tea, sisal, and palm oil are most suited to plantations, while coconuts, rubber, and cotton are suitable to a lesser extent. Conditions for formation Plantation economies are factory-like, industrialised and centralised forms of agriculture, owned by large corporations or affluent owners. Under normal circumstances, plantat ...
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Commonwealth Caribbean
The Commonwealth Caribbean is the region of the Caribbean with English-speaking countries and territories, which once constituted the Caribbean portion of the British Empire and are now part of the Commonwealth of Nations. The term includes many independent island nations, British Overseas Territories and some mainland nations. It is also known as the English-speaking Caribbean, Anglophone Caribbean or Anglo-Caribbean. The term is now used in preference over the older term ''British West Indies'', which was used to describe the British colonies in the West Indies during decolonisation and following independence from the United Kingdom. ''Anglo-Caribbean'' and ''British Commonwealth Caribbean'' also became preferred replacement terms to ''British West Indies''. Countries and territories The Commonwealth Caribbean consists of countries and territories, which include Caribbean islands or parts of mainland North and South America surrounding the Caribbean Sea. Independent isla ...
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Grenada
Grenada ( ; Grenadian Creole French: ) is an island country in the West Indies in the Caribbean Sea at the southern end of the Grenadines island chain. Grenada consists of the island of Grenada itself, two smaller islands, Carriacou and Petite Martinique, and several small islands which lie to the north of the main island and are a part of the Grenadines. It is located northwest of Trinidad and Tobago, northeast of Venezuela and southwest of Saint Vincent and the Grenadines. Its size is , and it had an estimated population of 112,523 in July 2020. Its capital is St. George's. Grenada is also known as the "Island of Spice" due to its production of nutmeg and mace crops. Before the arrival of Europeans in the Americas, Grenada was inhabited by the indigenous peoples from South America. Christopher Columbus sighted Grenada in 1498 during his third voyage to the Americas. Following several unsuccessful attempts by Europeans to colonise the island due to resistance from res ...
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Dominica
Dominica ( or ; Kalinago: ; french: Dominique; Dominican Creole French: ), officially the Commonwealth of Dominica, is an island country in the Caribbean. The capital, Roseau, is located on the western side of the island. It is geographically situated as part of the Windward Islands chain in the Lesser Antilles archipelago in the Caribbean Sea. Dominica's closest neighbours are two constituent territories of the European Union, the overseas departments of France, Guadeloupe to the northwest and Martinique to the south-southeast. Dominica comprises a land area of , and the highest point is Morne Diablotins, at in elevation. The population was 71,293 at the 2011 census. The island was settled by the Arawak arriving from South America in the fifth century. The Kalinago displaced the Arawak by the 15th century. Columbus is said to have passed the island on Sunday, 3 November 1493. It was later colonised by Europeans, predominantly by the French from the 1690s to 1763. The Frenc ...
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Saint Lucia
Saint Lucia ( acf, Sent Lisi, french: Sainte-Lucie) is an island country of the West Indies in the eastern Caribbean. The island was previously called Iouanalao and later Hewanorra, names given by the native Arawaks and Caribs, two Amerindian peoples. Part of the Windward Islands of the Lesser Antilles, it is located north/northeast of the island of Saint Vincent (Antilles), Saint Vincent, northwest of Barbados and south of Martinique. It covers a land area of with an estimated population of over 180,000 people as of 2022. The national capital is the city of Castries. The first proven inhabitants of the island, the Arawaks, are believed to have first settled in AD 200–400. Around 800 AD, the island would be taken over by the Kalinago. The French were the first Europeans to settle on the island, and they signed a treaty with the native Caribs in 1660. England took control of the island in 1663. In ensuing years, England and France fought 14 times for control of the island, ...
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