Mahogany Coconut Blog: This Week's question

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Mahogany Coconut Blog: This Week's question

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The Caribbean Region Must Import More

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One Caribbean Nation. ‘TWO-PRONG ATTACK’ ‘INCREASE IMPORTS, BOOST ECONOMIC GROWTH THROUGH STABLE EXCHANGE RATES’ — WORRELL By Emmanuel Joseph In a move that upends decades of thought in economics on managing developing countries like Barbados, the former governor of the Central Bank of Barbados has proposed that the region import more. Dr Delisle Worrell suggested increased imports as part of bold policy reforms focused on currency stability, arguing that only these measures will unlock sustained foreign investment and lift the Caribbean out of decades-long economic stagnation. Economists in the region have long argued against increasing imports, fearing consumer demand would invariably drain foreign reserves and weaken a country's capacity — or will — to grow GDP through domestic industrial development and exports. But in his latest monthly newsletter, Imports Sustain the Quality of Life in the Caribbean, Dr Worrell, who also consulted for the International Monetary Fund and World...
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Trinidadians Calling for Prime Minister to Address the Nation

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One Caribbean Nation. Trinidad Guardian Editorial The population of Trinidad and Tobago is now into a period in which every T&TEC generator that blows can give citizens close to the explosion a feeling “that the war has started.” And who can blame such a possible reaction in the circumstances of complete uncertainty about what is likely to unfold out of the happenings of the last couple weeks. The big issue driving the fear to heightened levels is the absence of information on whether or not the United States is planning to take military action against Venezuela and what are the circumstances which can precipitate it. Moreover, the reality is that the consequences of military conflict between the US and Venezuela can have serious repercussions for the safety of Trinidad and Tobago, its citizens and infrastructure. The rhetoric from a few spokespersons of the Venezuelan government has been increasing and disturbing, leading to a sense that there can be retaliatory action against T...
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PM: Trinidad and Tobago will not be blackmailed

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One Caribbean Nation. PM: Trinidad and Tobago will not be blackmailed TRINIDAD Prime Minister Kamla Persad-Bissessar does not plan to bow to any pressure from Venezuela as she stressed that Trinidad and Tobago will not be blackmailed and is not dependent on any Venezuelan gas. She declared that no one - be it the Venezuelan government, the People's National Movement (PNM), CARICOM, or any other entity - will "pressure or blackmail" her Government into retreating from the fight against the drug cartels. In response to questions from the Express yesterday, the Prime Minister shrugged off Venezuelan Vice President Delcy Rodríguez's proposal to be made by the board of the Venezuelan state-owned company Petróleos de Venezuela (PDVSA) for President Nicolás Maduro to suspend all gas agreements with T&T. Persad-Bissessar said reports of Venezuela's proposed gas suspension with T&T are not a cause for any grave concern. "Our ...
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