Caribbean resources should have given higher standard of living

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link Slipfeeler Joined: Dec 21, 2015
Posts: 6033
9/18/22, 9:27:24 AM 
By international standards, minerals most valuable on the international market are found in Cuba, Jamaica, and Trinidad and Tobago. Several nations of the Caribbean are rich in natural resources; including Trinidad's vast natural gas and oil reserves, Jamaican bauxite and most recently the discovery of a large oil field in Guyana. The resources that make significant contributions to domestic economies and regional job sectors include fisheries, agriculture, forestry, mining and oil and gas bauxite, iron, nickel, petroleum and timber, among others. It has been noted by some that the Caribbean's most important resource is its tropical island setting, which has generated an important tourism sector.

link Barry Joined: Jun 19, 2019
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9/18/22, 10:42:34 AM 
What an idiotic post- a fruit picker indeed…. What is the human development index of these beautiful islands? Go to school… cool

link Slipfeeler Joined: Dec 21, 2015
Posts: 6033
9/18/22, 12:18:05 PM 
In reply to Barry

Wow! I am confident of my academic achievement idiot. Seems like bullies are rampant here, as why would anyone react in such a foolhardy and unintelligent manner to such a harmless post? Simply a post reemphasizing the resources within our region.

link Barry Joined: Jun 19, 2019
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9/18/22, 12:54:53 PM 
In reply to Slipfeeler

So explain the human development index to me and the great scholars who promoted it rolleyes

link Brerzerk Joined: Mar 15, 2021
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9/18/22, 1:48:20 PM 
Operative word should! By the way most of the Caribbean waters have been over-fished

link Slipfeeler Joined: Dec 21, 2015
Posts: 6033
9/18/22, 10:27:51 PM 
In reply to Barry

Barbados has the highest HDI ranked at 38th, yet the country is requesting its second IMF loan and with struggling economy, so how helpful are the HDI and the great scholarly proponents?
The biggest joke is that Guyana is ranked #118 but between Barbados and Guyana , which of the two currently has the better economy or which country of the two is currently at a more advantageous position to repay its debts?
Physical slavery no longer exists within our region it has been replaced by mental slavery among many of our so-called scholars.
big grin big grin

link Barry Joined: Jun 19, 2019
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9/19/22, 7:02:28 AM 
In reply to Slipfeeler

Excellent, so the standard of life is relatively high despite the fragile economies- fruit picker you are an ass and a knave… cool

link Slipfeeler Joined: Dec 21, 2015
Posts: 6033
9/19/22, 8:37:37 AM 
In reply to Barry

You have demonstrated an inability to adequately express the premise of your argument, maybe due to your very transient relationship with the English language, as evidenced by your consistently and overt attempt at bullying tactics.

link Chrissy Joined: Nov 13, 2002
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9/19/22, 8:49:47 AM 
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In reply to Slipfeeler
not give. The legacies of Colonialism and Imperialism

link Slipfeeler Joined: Dec 21, 2015
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9/19/22, 11:07:14 AM 
In reply to Chrissy

Dr Chrissy agreed, the only legacy of colonialism and imperialism as we know it is a propensity for poverty, despite our enormous natural resources.

link Barry Joined: Jun 19, 2019
Posts: 11330
9/19/22, 11:42:11 AM 
In reply to Slipfeeler

We know who you are… Ask Dr Chrissy- small states are economically vulnerable and must achieve resilience…
Small states suffer from a host of inherent vulnerabilities given their small population and economic size. They are also disproportionately exposed to economic and non-economic shocks and crises and the consequences these have for macroeconomic stability and development.

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Didn’t do economics in Naparima?

lol

link Barry Joined: Jun 19, 2019
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9/19/22, 11:43:59 AM 
Enormous natural resources…. So Africa rich? lol lol lol lol lol

link Jumpstart Joined: Nov 29, 2017
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9/19/22, 12:29:52 PM 
In reply to Slipfeeler

homie.....by the start of the 80s, trinidad had a standard of living almost equivalent to countries in western europe. We didn't exactly save any money through a savings fund, but then again very few oil nations did which is why the 80s were so traumatic for them. Guyana has the most resources in the region as has no right to be as poor as it is.
The biggest joke is that Guyana is ranked #118 but between Barbados and Guyana , which of the two currently has the better economy or which country of the two is currently at a more advantageous position to repay its debts?




Guyana has little human development.....the only difference is that GT has found oil. They have an extremely large amount of desperately poor and uneducated people. That is an irrefutable fact. Lebanon, which is virtually a dysfunctional state now has a higher human development index ranking than guyana. And GT has had the most resources of any caribbean country historically

link Slipfeeler Joined: Dec 21, 2015
Posts: 6033
9/19/22, 4:31:39 PM 
In reply to Barry

Some of the world’s fastest growing economies are actually in Africa, including: Morocco, Kenya and Ghana, etc.

link Ray123 Joined: Jan 25, 2015
Posts: 1731
9/19/22, 7:17:34 PM 
In reply to Slipfeeler

Remember Barbados does not have resources like other caribbean countries but where it's true resources lie is in it's people. Education is critical and so is health care.

link Barry Joined: Jun 19, 2019
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9/19/22, 8:47:55 PM 
In reply to Slipfeeler
What are their HDIs?

big grin

link Barry Joined: Jun 19, 2019
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9/19/22, 8:49:22 PM 
In reply to Ray123
Sea, sun, sand?

shock

link Slipfeeler Joined: Dec 21, 2015
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9/20/22, 11:11:31 AM 
In reply to Ray123

Similarly, the Bahamas which underscores my original premise that with the abundance of resources on some islands, the expectations are that we should have been achieving higher standards of living.

link Barry Joined: Jun 19, 2019
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9/20/22, 12:22:34 PM 
In reply to Slipfeeler

Define resources- there are no abundance of resources in a small island developing state… I hate teaching fruit pickers evil

link Slipfeeler Joined: Dec 21, 2015
Posts: 6033
9/20/22, 3:19:52 PM 
Unfortunately, since it’s my post, you do not get to dictate the direction of the discussion with your economics 101 question. LOL
I however will add that for the standard of living to be improved in developing countries, the factors that restrict its growth have to be considered. For instance, where the distribution of income is unequal and the standard of living is very low, the government can levy higher taxes on the wealthier part of the population and offer better assistance to the poor. What could also improve the standard of living, is improving health care and education by redirecting government expenditure from other areas, or borrowed funds from organisations such as the World Bank or the case of Jamaica and Guyana with their large number of persons residing in the diaspora and contributing significantly in annual remittances to the respective countries. For example, in Jamaica, the annual remittances are over US$3 Billion, which I am sure was not factored in your HDI projections. The government could also encourage the access of multinational companies to the country, and by this, there will be resources for the secondary and tertiary sectors, raising the incomes and living standards. Attracting such companies can be beneficial to the living standard in a number of ways. Higher incomes could be paid as comparison to the income available in the country; infrastructure can be improved; employment can be increased. I am also cognizant that some have these measures might have already been implemented within our region but needs improvement to achieve higher standards of living for our people.

link Barry Joined: Jun 19, 2019
Posts: 11330
9/20/22, 6:12:32 PM 
In reply to Slipfeeler

r borrowed funds from organisations such as the World Bank or the case of Jamaica and Guyana with their large number of persons residing in the diaspora and contributing significantly in annual remittances to the respective countries


The funding agencies do not give funds- they lend with significant restrictions. As much as we value your remittances fruit picker, it can only do so much. Caribbean HDIs are relatively high- they did good. cool confused

link KTom Joined: Jul 21, 2022
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9/20/22, 7:27:21 PM 
Good thread.....like two bald men arguing over a comb.

link Slipfeeler Joined: Dec 21, 2015
Posts: 6033
9/20/22, 8:19:21 PM 
In reply to Barry

Understandably, but those same remittances have prevented Jamaica and Guyana from going to the World Bank and perhaps the IMF with less frequency, there is even a calypso song about it big grin

link Curtis Joined: Dec 3, 2002
Posts: 14216
9/20/22, 8:48:05 PM 
In reply to Jumpstart

You are neglecting the geopolitical reasons why Guyana never was allowed to prosper, similar to Haiti.

As today's situation clearly shows, it has oil, gold, diamonds, bauxite, sugar, rice, lumber. Due to First World objections to socialist policies, Guyana was blacklisted. With no scope for advancement, the tremendously talented Guyanese population were forced to immigrate. Huge brain drain unlike anywhere else in the Caribbean.

link Jumpstart Joined: Nov 29, 2017
Posts: 5972
9/20/22, 10:07:15 PM 
In reply to Curtis

Homie the only natural resource discovered in GT recently was oil. Brazilians, known as pork knockers have been mining gold and diamonds for decades in GT. Which is why I said that they have no reason to be as poor as they are.

Secondly, most poor countries could say that they have been the victims of outside influence. Ethiopians could say that the Soviets helped Mengitsu to send their country into the Stone Age. Jamaicans could say that the 70s and 80s elections had outside interference. The Cold War done more than 30 years so how does that explain Guyana’s years of extreme destitution from 1990 go forward, despite all the resources it has had prior to oil?

Guyana didn’t prosper because the country was divided violently along ethnic lines and those tensions are never far from the surface and the potential to turn violent. Punto final. In addition to that, it has weak institutions from a state level. I mean look how the 2020 elections nearly spilt over into violence

And even the brain drain argument is moot because the vast majority of persons who left Guyana weren’t highly educated……no one, inside or outside which is why the human development index raking is still medium in ranking

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