Discuss Globalization and its Implications for Caribbean Business.

It offers an opportunity for a larger volume of production in which lower costs of production per unit of output may be achieved. The issue is particularly acute in the banana sector as many of the banana producing countries in the region have made significant strides to adjust to the loss of preferential access to the market of the European Union. Financial stability is also a requirement to continue to attract foreign investment flows that are needed to promote further diversification and modernization in the region.