Question

Cluster and explain the National Economies of the Caribbean into Strong, Moderate and Weak Economies.  You may highlight the criteria that you will use in classifying the Caribbean economies into the above-stated 3 categories.

Answer 1

Strong Economies- The consept of strong economies can be viewed from the ability of its sustenance in the global market. In the Carribbean wheb certain islands can witstand the alterations in prices, then it can be called as moderate economy and Guyana and Jamaica Fall in the list

moderate economy- When a particular island can witsatnd in the global economy but not during the heavy crisis, it can be called as moderate economy. Trinidad and Tobago, Cuba and Dominican Republic fall here

weak economy -When the island ir the country can easily respond to change in globak economy, it can be considered as a weak economy. Eg- Grenada, Honduras, Haiti fall in this list