This article elaborates, explains and analyses the notion of Caribbean Convergence. This represents a new way of thinking about integration in the region, and a potential strategy for injecting the process with new life and energy.
The article provides a twelve-point action program for Caribbean convergence, which is grounded in a distinctive series of strategies relating to finance, resource clustering, infrastructure, and production integration.
The document presents the framework for a new political and economic life to the process of Caribbean integration. The initiative is not to supplant the Caribbean integration movement, but to add on to it with some innovative ways of moving the process forward that is understood as ‘Caribbean convergence’ to create an ‘Economy of the Caribbean Sea’.
The idea of Caribbean convergence has already been put forth and discussed on various occasions over the last couple of years with positive feedbacks. These feedbacks have provided the inputs for the framework developed here which is an innovative approach to revive CARICOM in a different context to make it more relevant to capture on ‘A New Frontier of Caribbean Convergence’.
The document is divided into three main parts:
Part I presents the premise and analytic of the framework of where we want to go. It discusses the rationale for convergence and conceptualizes the Caribbean Sea space and identifies the pillars of sustainable convergence.
Part II deals with the process and policy by establishing the criteria for sustaining convergence.
Part III shows how the process of convergence can be executed. It identifies the existing modalities to achieve the convergence outcome through a new policy declaration.