Conference on the Caribbean.[ILLUSTRATION OMITTED] IN THE FEW DECADES since most of them achieved independence, the nations of the Caribbean have made "impressive" strides, achieving high levels of economic, institutional, and social development. Nonetheless, as small states they remain inherently vulnerable, OAS OAS See: Option adjusted spread Secretary General Jose Miguel Insulza said. "This vulnerability arises from an inherent exposure to adverse external shocks that are beyond the control of the countries, including energy price shocks, natural disasters, strains posed by migration, the effect of the HIV/AIDS HIV/AIDS Human Immunodeficiency Virus/Acquired Immune Deficiency Syndrome pandemic pandemic /pan·dem·ic/ (pan-dem´ik) 1. a widespread epidemic of a disease. 2. widely epidemic. pan·dem·ic adj. Epidemic over a wide geographic area. n. , and the adverse effects of climate change," Insulza told a conference in June. While such vulnerabilities cannot be eliminated altogether, he added, the Caribbean countries and their development partners--including the OAS--can promote policies that bolster resilience and help the region respond to and recover from these external shocks. The Secretary General spoke at the opening of the "Conference on the Caribbean: A 20/20 Vision," an initiative that brought together the Caribbean Community (CARICOM CARICOM: see Caribbean Community and Common Market. ) heads of government and foreign ministers with their US counterparts in Washington, June 19-21. In an address at World Bank headquarters, Insulza highlighted some of the positive policies many Caribbean governments have been implementing to promote macroeconomic mac·ro·ec·o·nom·ics n. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. stability, market efficiency, good governance, social development, and sound environmental management. In particular, he commended the region for its move to create the CARICOM Single Market and Economy The CARICOM Single Market and Economy also known as the Caribbean Single Market and Economy or CSME is an integrated development strategy envisioned at the 10th Meeting of the Conference of Heads of Government of the Caribbean Community which took place in July 1989 , saying this would help lead to sustained economic growth. Among other events, the OAS also hosted a seminar for Caribbean journalists on the margins of the CARICOM-US Summit. |
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