Question

Discuss policy measures that Caribbean governments could implement to reduce the negative impacts of globalization?

Answer 1

The policy measures that the Carribbean government can implement in order to reduce the negative impact of globalisation for protecting the local industries

1) Restriction of exports using quota and Tariffs can actually benefit the domestic industries from cheap foreign goods and therefore they can actually implement these trade restrictions.

2) Minimum Wage policies can be implemented to keep away from the cheap labor

3) Using alternative sources of development including Tourism as this can promote development alternatives.

4) invest in Research and Development and Training Programs to improve the productivity levels of the country