Global Journal on International Business and Economics Development (Online ISSN: 2581-3447)

Caribbean Society and the Imperative for Restructuring in the New World Order: Challenges, Opportunities, and Pathways for Sustainable Development in the Twenty-First Century

Paul Andrew Bourne, PhD, DrPH. — 2026-08-12

The Caribbean region is confronting unprecedented social, economic, political, environmental, and technological transformations that challenge traditional development paradigms and governance structures. Globalisation, digitalisation, climate change, demographic transitions, geopolitical realignments, and changing labour market dynamics have collectively altered the context within which Caribbean societies operate. Historically, Caribbean nations developed within colonial systems that prioritised plantation economies, external dependency, and limited economic diversification. Although political independence facilitated greater national autonomy, many Caribbean states continue to face structural vulnerabilities associated with small size, economic dependence, migration, debt burdens, climate risks, and institutional constraints. There is increasing recognition that Caribbean societies must undergo significant restructuring to remain competitive, resilient, and sustainable within the emerging global order.This study examines the necessity of restructuring Caribbean society in response to twenty-first-century challenges and opportunities. A hybrid theoretical framework is employed in this study. The current theoretical framework draws upon Dependency Theory, Modernisation Theory, Human Capital Theory, and Sustainable Development Theory. Thepresent study analyses historical patterns, contemporary realities, and prospects for regional transformation. Therefore, attention is given to governance reform, economic diversification, educational transformation, technological innovation, regional integration, environmental sustainability, and social development. This study forwards that meaningful restructuring is essential for enhancing competitiveness, reducing vulnerability, promoting social inclusion, and strengthening the Caribbean's position within the global economy. The current research concludes that the future prosperity of Caribbean societies depends upon their ability to adapt strategically to changing global realities, preserving cultural identity and regional cohesion.

Professional Event Hosting and Brand Representation Skills for Trade Show Success

Pathum Sookaromdee — 2026-08-12

Trade shows and exhibitions serve as powerful platforms for organizations to showcase products, strengthen brand recognition, and engage directly with potential customers. The effectiveness of these events often depends on the performance of event hosts and brand representatives who act as the public face of the organization. Professional hosts must possess not only communication skills but also the ability to create memorable experiences, manage audience interactions, and deliver persuasive product messages. This article explores essential competencies required for successful trade show hosting, including personal presentation, voice control, script development, audience engagement techniques, situational management, and master of ceremonies (MC) skills.

When Oil Shocks Return: Global Economic Ripples from Geopolitical Conflict

Pathum Sookaromdee — 2026-08-12

Periods of geopolitical tension-particularly those involving major energy-producing regions-often trigger sharp increases in global oil prices, commonly referred to as oil shocks. These shocks act as powerful external disturbances to the global economy, transmitting through multiple channels including production costs, inflation dynamics, trade balances, and financial markets. This article explores the mechanisms through which oil price shocks influence macroeconomic stability, examines the distinction between energy supply security and price stability, and analyzes the constraints faced by policymakers during periods of simultaneous inflation and economic slowdown. It also highlights the structural vulnerabilities of modern economies in an era of uncertainty and proposes adaptive strategies for resilience in the face of prolonged energy disruptions.

“It Takes Cash to Care”: Reassessing the Relationship between Economic Resources, Human Compassion, Social Responsibility, and Contemporary Society

Paul Andrew Bourne, PhD, DrPH

The proposition “It takes cash to care” has gained increasing prominence in contemporary public discourse as societies confront rising healthcare costs, widening socioeconomic inequalities, ageing populations, educational expenses, and expanding demands for social welfare. Although the statement appears intuitively persuasive, its broader psychological, economic, philosophical, and sociological implications remain insufficiently examined within scholarly literature. This study critically reassesses the relationship between economic resources, human compassion, social responsibility, and contemporary society through a multidisciplinary qualitative investigation. Employing a systematised scoping-review methodology guided by the Joanna Briggs Institute (JBI) Manual for Evidence Synthesis, PRISMA-ScR, and PRISMA-S reporting frameworks, the study synthesises evidence from psychology, behavioural economics, sociology, public health, philosophy, political economy, social policy, and human development. The review argues that financial resources should not be interpreted as the origin of compassion but rather as an important determinant of an individual's or institution's capacity to transform compassionate intentions into sustained caring actions. The analysis distinguishes between the willingness to care, which is fundamentally psychological and moral, and the capacity to care, which is largely influenced by economic resources, institutional arrangements, and public policy. The current study proposes an Integrated Capacity-Compassion Framework demonstrating that effective caring emerges from dynamic interactions among psychological dispositions, economic resources, social institutions, and structural conditions. The findings have important implications for public policy, healthcare financing, education, family welfare, corporate social responsibility, and sustainable human development while contributing an original multidisciplinary perspective to contemporary scholarship on compassion and social responsibility.