Thursday Thought
One Caribbean Nation.
Thursday Thought
There is a lot of bad in the best of us and there is a lot of good in the worst of us.
The Caribbean Region Must Import More
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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