...The impact of globalization on Trinidad and Tobago’s TVET programmes has been drastic. Globalization has increased the liberalization of trade policies and reduced barriers to trade. It has also increased the migration of persons between countries, outsourced and displaced jobs while at the same time creating new ones among other things. The need for a more highly skilled and technical workforce is a direct result of this globalization process and developing countries such as Trinidad and Tobago have turned to TVET to overcome the challenges they now face. However, these challenges created by globalization are transferred to the design and application of effective TVET facilities, thereby making it even more difficult to conquer these globalization issues. Technical and Vocational Education and Training (TVET) has many soubriquets depending on the area of the world in which you reside. In various parts of the world it is also known as vocational education, workforce education, technical education, apprenticeship training or Career and Technical Education (CTE), as it is more commonly referred to presently. TVET “comprises all more or less organized or structured activities, whether or not they lead to recognized qualification, which aim to provide people with knowledge, skills and competencies that are necessary and sufficient in order to perform a job or set of jobs” (Özsoy, 2007).In today’s rapidly changing technological environment, new disciplines are constantly being created...
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...paper is to assess the impact of globalization on the Caribbean business environment. Much has been written about globalization which is more accurately viewed as a process of change rather that an event which has already occurred. The impact of globalization on any environment can be both positive and negative and can be described as the enablers or the constraints which affect the decisions made by leaders, both government and business. It also refers to the way these choices affect the lives of all people. Scholars David Held, Anthony McGrew, David Goldblatt and Jonathan Perraton developed a general framework for understanding the process and characteristics of globalization. The authors said that, “in its simplest sense globalization refers to the widening, deepening and speeding up of global interconnectedness. They also suggest that the process of Globalization does not only have one kind of impact or outcome but four different types namely Decisional, Institutional, Distributive and Structural: • Decisional impact. How does globalizing processes affect how individuals, corporations, organizations and governments make decisions? • Institutional impact. How does globalization change the agendas of organizations and individuals, structure their choices and influence their preferences? • Distributive impact. How does globalization change the way wealth and power are distributed within and among countries? • Structural impact. How does globalization structure patterns of...
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...Located in Laventille, Trinidad and Tobago, Angostura Limited is the manufacturer and distributor of an assorted collection of drinks which include rum, distilled spirits, gins, wines and scotches, pre- mixed drinks and sauces that is acclaimed by an adult oriented market. The company announced that it incurred a billion-dollar loss in 2009 because of money owed to it by its parent, CL Financial. Even so, the Angostura Group managed an after-tax profit of $371 million in 2010.The marketing tools employed by Angostura Ltd has led them to regain profitability in the local market (see Appendix 1). The financial crisis that ravaged them in recent years was not only the result of their parent company but also outside influences that hampered on their performance (see Appendix 2). 1.1 Competitor’s Analysis The two (2) primary local competitors in Trinidad and Tobago regarding the distribution of alcohol are AS Bryden& Sons Limited and Alston’s Marketing Company Limited (AMCO). They have feverishly pursued in obtaining the local target market with imported premium spirits that embodies recognition globally. Alston’s Marketing Company Limited (AMCO) Price is based on Product Line Pricing, Competitive Pricing and also Premium Pricing because of the premium spirits they offer to their consumers. Import tax and duties are major contributors in determining final pricing. AMCO’s main distributing center is located in Chaguanas, Trinidad and Tobago. The company maintains...
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...Security Survey 2010. Caribbean Human Development Report 2012 Helen Clark Administrator United Nations Development Programme Rebeca Grynspan Associate Administrator United Nations Development Programme Heraldo Muñoz Assistant Administrator and Director of the Regional Bureau for LAC United Nations Development Programme Freddy Justiniano Director a.i. Regional Centre for LAC United Nations Development Programme Niky Fabiancic Deputy Director Regional Bureau for LAC United Nations Development Programme Leida Mercado Human Development Advisor Coordinator Caribbean HDR Regional Centre for LAC United Nations Development Programme Anthony Harriott Lead Author Caribbean HDR Executive Board Marcia De Castro UNDP Resident Representative Trinidad and Tobago and Suriname Thomas Gittens UNDP Country Director Suriname Michelle Gyles-McDonnough...
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...1.2. TRENDS AND PATTERNS OF MIGRATION TO AND FROM CARIBBEAN COUNTRIES Elizabeth Thomas-Hope[1] INTRODUCTION Migration has become deeply embedded in the psyche of Caribbean peoples over the past century and a half. It has evolved as the main avenue for upward mobility through the accumulation of capital – financial and social. Thus the propensity for migration is high and there is a general responsiveness to the opportunities for moving whenever they occur. At times these opportunities have come from within the region itself or the wider circum-Caribbean region, as in the late nineteenth and early twentieth centuries; in more recent times from North America and Europe. The migration dynamic reflects the interplay of international, national and highly personal circumstances. Global changes affect the international economic order and the division of labour and, as a consequence, legislative controls and inducements to the movement of labour across selective national borders. At the national level, economic, social, demographic and political factors influence the variable access of people to economic rewards and social opportunities. But migration is not a passive reaction to internal ‘pushes’ and external ‘pulls’. Within this wider international and national context, migration is part of a dynamic set of negotiations at all levels. For whether ‘free’ movement or refugee, there is a selective process that operates at the interface of the needs of...
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...Globalisation can be defined as the process by which regional economies, societies and cultures have become integrated through a global network of communication, transportation and trade. However, in this study, the focus will be on the economic dimensions of globalisation whether positive or negative. According to, Kendall 2008, “Soros, who has a more limited but very important perspective nevertheless, equates globalisation with “the free movement of capital and the increasing domination of national economies by global financial markets and multinational corporations.” Accordingly, globalisation here is defined simply as the integration of markets for goods and services, capital and labour. Globalisation has had great impacts on increased trade and corporate outsourcing, cash flows and the implementation of fiscal policy reforms in the Caribbean region. Firstly, with the increase of trade through globalisation it provides a notable opportunity for increased exports because of the dynamism of trade. Secondly, corporate outsourcing with the increase of trade volumes enhances the income flow into a region. Thirdly, structural reforms facilitated significant increase cash flow in the Caribbean. Fourthly, the implementation of fiscal policy reforms were designed to reduce expenditures and increase revenues. Firstly, with the increase of trade through globalisation it provided a notable opportunity for increased exports because of the dynamism of trade. According to, Shelah, 2006...
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... Definition of the Caribbean Region Geographical This describes the area washed by the Caribbean Sea and is often described as the Caribbean Basin. It would therefore include most of the islands of the Lesser Antilles, Greater Antilles as well as the mainland territories in Central America (Costa Rica, Belize, Panama, Honduras) and Northern South America such as Columbia and Venezuela. The common link here is the Caribbean Sea. Geological There are deep seated structural features of Caribbean geology which also identifies commonalities. It is the area that is defined by the Caribbean Plate and which experiences similar tectonic, seismic and volcanic features and processes. Historical It describes the area that saw the impact of European colonization, slavery, indentureship and the plantation system. this refers to all the territories so that one way of defining the Caribbean is to identify those countries that experienced the rule of specific European countries. Thus the Caribbean may be defined as being broken up into the English, French, Dutch and Spanish speaking countries and territories. Political In the Caribbean at least three types of governmental systems are found. They include Independent States, Associated States and Colonial Dependencies. CHARACTERISTICS OF SOCIETY Society Society is a collection of people occupying a defined geographical area over a long period of time. Society in the Caribbean is often considered...
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...Micro-Macro Linkages Between Gender, Development, and Growth: Implications for the Caribbean Region Stephanie Seguino Professor, Department of Economics Old Mill 340 University of Vermont Burlington, VT 05401 Tel. 1 802 656-0187 Fax 1 802 656-8405 Email sseguino@zoo.uvm.edu July 2008 Acknowledgements: I am grateful for helpful comments and insights from Rhoda Reddock, Christine Barrow, Caren Grown, three anonymous referees, and participants at the Building Capacity for Gender Analysis in Policy Making, Programme Development, and Implementation: Research Seminar and Workshop, University of West Indies, Barbados, November 2007. Micro-Macro Linkages Between Gender, Development, and Growth: Implications for the Caribbean Region Abstract Over the last two decades, scholars have investigated the two-way relationship between gender inequality on the one hand, and economic development and growth on the other. Research in this area offers new ways to address the economic stagnation and crisis developing countries have experienced over the last two decades. This paper contributes to that literature, exploring the channels by which gender inequality affects, and in important ways, constrains economic development and growth in the Caribbean region. It further explores the endogeneity of gender inequality to the macroeconomic policy environment. The paper concludes with a discussion of economic policies that can promote a win-win outcome—greater gender...
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...American International Journal of Contemporary Research Vol. 2 No. 6; June 2012 A Case Study of Human Resource Practices in a Private Sector Pharmacy in Trindad and Its Comparison to the Best Practice Model Sandeep Maharaj1SHalimar ALI1, AlliaHUSAIN1, Cassie JOSEPH 1,Dushala PRASHAD1 Sureshwar Pandey2 1,2 School of Pharmacy The University of the West Indies, St. Augustine Eric Williams Medical Sciences Complex Mount Hope, Trinidad & Tobago Abstract Objective: To conduct a case study on the Human Resource Practices in a Pharmacy and compare their practise to the Best Practice model. Method: An interview was conducted, with respect to the Human Resource Practice employed at a private sector pharmacy. A list of the questions used as a guide during the interview is attached in Appendix 1. The overall response rate was 100%. Results: The results obtained were summarized in a table. It showed at the pharmacy under study adopts 6 of the 10 best practices: Providing a Safe, Healthy and Happy Workplace, Providing Performance linked Bonuses, Utilization of 360 Degree Performance Management Feedback System, and Utilization of a Fair Evaluation System for Employees, Highlighting performers and Employing Open house discussions and feedback mechanisms. The practices which are not carried out by the pharmacy include an Open book management style, knowledge sharing, reward ceremonies and surprising employees with unexpected rewards. Conclusion: From the interview it can be deduced that...
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...Transforming Lives Communities The Nation …One Student at a Time Disclaimer Academic programmes, requirements, courses, tuition, and fee schedules listed in this catalogue are subject to change at any time at the discretion of the Management and Board of Trustees of the College of Science, Technology and Applied Arts of Trinidad and Tobago (COSTAATT). The COSTAATT Catalogue is the authoritative source for information on the College’s policies, programmes and services. Programme information in this catalogue is effective from September 2010. Students who commenced studies at the College prior to this date, are to be guided by programme requirements as stipulated by the relevant department. Updates on the schedule of classes and changes in academic policies, degree requirements, fees, new course offerings, and other information will be issued by the Office of the Registrar. Students are advised to consult with their departmental academic advisors at least once per semester, regarding their course of study. The policies, rules and regulations of the College are informed by the laws of the Republic of Trinidad and Tobago. iii Table of Contents PG 9 PG 9 PG 10 PG 11 PG 11 PG 12 PG 12 PG 13 PG 14 PG 14 PG 14 PG 14 PG 15 PG 17 PG 18 PG 20 PG 20 PG 20 PG 21 PG 22 PG 22 PG 22 PG 23 PG 23 PG 23 PG 23 PG 24 PG 24 PG 24 PG 24 PG 25 PG 25 PG 25 PG 26 PG 26 PG 26 PG 26 PG 26 PG 26 PG 27 PG 27 PG 27 PG 27 PG 27 PG 27 PG 28 PG 28 PG 28 PG 28 PG 28 PG 33 PG 37 Vision Mission President’s...
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...Evaluation of St.Lucia Poverty Reduction Strategy [Type the document subtitle] 5/2/2011 808011470 807004688 808010033 807001237 807004522 Table of contents -Profile of Country……………………………………………………….3 ~Economic ~Social - Poverty Profile .........................................................................................9 ~Trends ~Segments most affected - Detail of Strategy ………………………………………………………16 ~Evaluation of Past Strategy ~Sustainability - Recommendations and Findings……………………………………….23 Saint Lucia Country Profile The Caribbean island of St. Lucia is made up of a population of approximately 170,000 with an annual growth rate of 0.74%. The demographics of the population is made up of 90% persons of African descent, 6% mixed, 3% East Indian and 1% Europeans. Their religions include Roman Catholic, Seven Day Adventists and other various Protestant denominations. The official language of St. Lucia is English although French patois is common across the country. The literacy rate among adults is a high percentage of 94.8%. In terms of health, St Lucia has a infant mortality rate of 12/1000 and the life expectancy of men is 73 years and that of women is 76 years. Unemployment rates are approximately 15.7%. Their style of governance is that of Westminster- style parliamentary democracy having gained their independence on February 22nd, 1979. In terms of the economy, St. Lucia has a...
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...This article was downloaded by: [Tsinghua University] On: 19 March 2014, At: 22:22 Publisher: Routledge Informa Ltd Registered in England and Wales Registered Number: 1072954 Registered office: Mortimer House, 37-41 Mortimer Street, London W1T 3JH, UK The Journal of Peasant Studies Publication details, including instructions for authors and subscription information: http://www.tandfonline.com/loi/fjps20 Land grabbing in Latin America and the Caribbean Saturnino M. Borras Jr. , Jennifer C. Franco , Sergio Gómez , Cristóbal Kay & Max Spoor Published online: 28 May 2012. To cite this article: Saturnino M. Borras Jr. , Jennifer C. Franco , Sergio Gómez , Cristóbal Kay & Max Spoor (2012) Land grabbing in Latin America and the Caribbean, The Journal of Peasant Studies, 39:3-4, 845-872, DOI: 10.1080/03066150.2012.679931 To link to this article: http://dx.doi.org/10.1080/03066150.2012.679931 PLEASE SCROLL DOWN FOR ARTICLE Taylor & Francis makes every effort to ensure the accuracy of all the information (the “Content”) contained in the publications on our platform. However, Taylor & Francis, our agents, and our licensors make no representations or warranties whatsoever as to the accuracy, completeness, or suitability for any purpose of the Content. Any opinions and views expressed in this publication are the opinions and views of the authors, and are not the views of or endorsed by Taylor & Francis. The accuracy of the Content should not be relied upon and should be independently...
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...GLOBAL BUSINESS ENVIRONMENT CHAPTER ONE Globalization Learning Objectives After studying this chapter, you should be able to 1. Describe the process of globalization and how it affects markets and production. 2. Identify the two forces causing globalization to increase. 3. Summarize the evidence for each main argument in the globalization debate. 4. Identify the types of companies that participate in international business. 5. Describe the global business environment and identify its four main elements. A LOOK AT THIS CHAPTER This chapter defines the scope of international business and introduces us to some of its most important topics. We begin by presenting globalization—describing its influence on markets and production and the forces behind its growth. Each main argument in the debate over globalization is also analyzed in detail. We then identify the key players in international business today. This chapter closes with a model that depicts international business as occurring within an integrated global business environment. A LOOK AHEAD Part 2, encompassing Chapters 2, 3, and 4, introduces us to different national business environments. Chapter 2 describes important cultural differences among nations. Chapter 3 examines different political and legal systems. And Chapter 4 presents the world’s various economic systems and issues surrounding economic development. 24 Emirates’ Global Impact DUBAI, United Arab Emirates—The Emirates Group...
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...market that could facilitate over 1 million individuals, and labour in abundance, the manufacturing industry was unstoppable. The company was moving so rapid that sectors quickly diversified from sugar and rum into producing a wide range of manufactured products such as garments, processed foods, machinery, and electrical equipment, and this resulted in an impressive growth. Real value increased for the sector increased at an average of 7% annually between 1938 and 1950, and its contribution to GDP increased from 6.5 per cent to 11.5 per cent during the period. Growth continued annually in real terms between 1950 and 1968, and also between 1969 and 1973. Gross Domestic Product (GDP) received contributions from the industry at constant but positive growth rate. Manufacturing became the largest contributor to GDP in 1978, employing about 79,000 persons - approximately 10 per cent of the total...
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...Chapter 12: The African Diaspora in the Caribbean and Europe from Pre-emancipation to the Present Day by Roswith Gerloff Caribbean history of Christianity can be divided, with overlaps, into four main periods: the rather monolithic form of Spanish Catholicism from 1492, and of the Church of England from 1620; the arrival of the Evangelicals or nonconformist missionaries, Moravians, Methodists, Baptists, Congregationalists, and Presbyterians from the mid-eighteenth century; consolidation and growth of various European denominations in the region in uneasy tension with the proliferation of independent black Christian groups and African religions in the post-emancipation era from 1833; the contest for political, economic and religious independence after 1870, including the shift from British Imperial intervention and influence to those from North America, and national independence after 1962. Contemporary studies in anthropology and sociology of religion speak of 'religions on the move', or the process of transmigration and transculturation, as it refers to dynamic, reciprocal, transitory and multidimensional creations in shaping a 'poly-contextual world'. This implies that religions have to be regarded as cultural and spiritual phenomena whose 'taken-for granted' essence1 has resulted from transcultural and transnational processes of mutual 1 Klaus Hock, University of Rostock, abstract for an essay on the African Christian Diaspora in Europe, January...
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