In times of financial crisis social cohesion is essential News that the Government and Central Bank of Trinidad have intervened to take control of some of the subsidiary assets of one of the largest of the Caribbean’s transnationals, CL Financial, makes clear the dangers the global financial crisis has for everyone in the Caribbean.
De-globalisation through inertia? In these last weeks, a new word has entered the English language.
A little light for the Caribbean in the global gloom As the global financial crisis begins to have an increasingly potent effect on the Caribbean, governments across the region are beginning to take steps to mitigate some of its most immediate effects.
Change is coming in Cuba In the last week Cuba has hosted receptions around the world to mark the fiftieth anniversary of its socialist revolution.
In the present crisis national social partnerships have value A few days ago something quite extraordinary happened.
The year 2009 will be a difficult one for the Caribbean For many, for reasons of family, religion and tradition, Christmas is both a moment of reflection and celebration; a time to look back, take stock and to consider what might lie ahead.
There has to be a focus on survival strategies before the region is overwhelmed David Jessop is the Executive Director of the Caribbean Council for Europe On December 3 the President of the Caribbean Develop-ment Bank (CDB), Dr Compton Bourne, issued a stark warning.
Europe has created the conditions for the perfect economic storm in the Caribbean On November 24, Britain’s Chancellor of the Exchequer (Finance Minister), Alistair Darling, proposed increasing a tax that already impacts negatively the Caribbean and other tourism destinations.
Cariforum nations should follow Jamaica’s initiative in relation to Cuba On December 8 in Santiago de Cuba, Caribbean heads of government and representatives of a range of regional institutions will gather for the third Cuba-Caricom Summit.
The Caribbean is heading for a severe economic contraction (Executive Director of the Caribbean Council for Europe) Slowly, ever so slowly the Caribbean is coming to recognise that it is far from immune from the global economic crisis.
The outlook for tourism is far from brightAs the global economic outlook darkens, the Caribbean tourism industry has begun to look closely at its revenue forecasts and how best to position itself to weather the storm that will affect negatively arrivals from the second quarter of 2009 onwards from all of its main markets.
The Caribbean and restructuring the global financial system On November 15, the heads of government from the world’s most powerful nations will meet in Washington to discuss how to restructure the global financial system.
A new US policy towards the Caribbean? By the morning of Wednesday November 5, the world should know who the next President of the United States will be.
Little government, private sector awareness in the region of recession implications Three weeks ago there was an almost tangible sense of fear in Europe.
A fundamental philosophical divide has emerged in the context of the EPA After months of argument and eleventh hour confusion, the Economic Partnership Agreement (EPA) between Europe and Cariforum was signed in Barbados on October 15.
EPA presents moment for leadership In times of crisis nations need leadership. Explaining to ordinary citizens the dangers that the global financial meltdown presents or speaking about why the countries of the Caribbean are signing the Economic Partnership Agreement (EPA) with Europe just as global markets are in crisis, mark out leaders with authority.
The Caribbean needs to engage in a painful debate on ‘development’ “The euphoria of speculators has spawned the anguish of entire peoples… Only decisive action by governments, especially in countries at the heart of the crisis, will be able to control the disorder that has spread through the world’s financial sector, with perverse impacts on the daily lives of millions of people.
The institutional arrangements in the EPA are of importance Tucked away towards the end of the Economic Partnership Agreement (EPA) that will be signed shortly between the Caribbean and Europe is a section that deals with what are known as the institutional arrangements.
Paying attention to tourism When Caribbean Heads of Government met in Antigua in July they devoted the first business day of their meeting to discussions with representatives from the tourism, hotel and regional airline industries.
A high stakes gamble What should one make of the fiasco over the date of the signing of the Economic Partnership Agreement (EPA) with Europe?
The collapse of the WTO ministerial leaves the Caribbean in limbo Set in a park with views across Lake Geneva to the snow-capped Alps, the elegant 1920s building that houses the World Trade Organisation is an unlikely, almost surreal setting for the intense multi-dimensional power play over global trade that ended suddenly last Tuesday afternoon (July 28).