1. Theory
2. Goals?
This is a complete guess
As an area that has fought for independence from colonialization and European powers, governments from CARICOM (Caribbean Communities Organization) countries provide funding to support the region's cultural practices for multiple reasons.
According to the CARICOM Regional Cultural Policy, the three main reasons for government funding toward cultural support include: to provide people who are trained in the arts and other areas of culture, to establish and maintain cultural preservation institutions, and to ensure proper management of cultural institutions and heritage.
Doing the aforementioned things will ensure that care is taken to preserve the cultural heritage of an area that has received much interaction and assimilation with world powers. This interaction can be threatening to the stability of cultural preservation by those who may be ignorant, and/or untrained, in the preservation important heritage factors. The CARICOM nations are also striving to maintain independence and ensure during the development process in developing Caribbean countries that they may remain self-sufficient.
The following indicators placed based the category they belong:
Leading economic indicators:
- The unemployment rate
- Average duration of unemployment
- The trade deficit
- Interest rate spread
Not leading economic indicators:
- Manufacturer's order for durable goods
- Building permit
- Housing starts
<h3>What is unemployment?</h3>
Unemployment can be defined as the situation in which a person who is able and willing to work do not find a suitable job at a period of time. Unemployment is one of the most important determinant of the economy because it constitute the factors used to determine production and growth of an economy.
Learn more about unemployment:
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