Tag Archives: devaluation

“[…] Basic economic theory does not always manifest in practice—in fact, it rarely does. To understand if or by how much exports/imports change requires an understanding of how responsive exports/imports are to price changes. This is called elasticity in economics. “[…] Alongside this, the constantly changing geopolitical environment must be …

Two Fridays ago, I visited my neighbourhood’s favourite food store. I had gone to pick up one item. I saw an older man being helped by a woman as I entered the aisle.  Nothing appeared unusual, just a younger person helping an older one with his purchase. However, everything turned …

This week, the most important business news story was not the $2 that KFC wants to levy for their condiments, nor the shenanigans surrounding the Cabinet reshuffle. The week’s critical story was the release of the IMF 2021 Article IV Consultation Report.  To reduce the Report to a sound bite, ‘our …

Here we go again!  In the Business Guardian of Thursday 8 April 2021, Joel Julien reports on the virtual Demas/Rampersad Seminar Series under the aegis of The UWI St Augustine Department of Economics. ‘Foreign Exchange Challenges in Trinidad and Tobago: What are the real implications?’ the title asks. Let us …

“[…] To make these already bad matters worse, there was Covid-19. The unplanned relief measures put in place for this epidemic have exacerbated an already difficult budgetary position. “[…] From all appearances, having already overstayed its welcome, Covid-19 has no plans to take its leave soon… The survival strategies are …

“Thanks to State intervention in almost every sector of the economy over the years, we have developed and enjoyed a comfortable standard of living subsidised by the State… That has provided real opportunities for many as well as lifted large segments of the population out of poverty. “However, it has …