Tag Archives: economy

“[…] 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 …

On 4 April 2025, then Caricom head Mia Mottley, in discussing the global crises as they impacted the Caribbean, said: “Our world is in crisis. I will not sugarcoat it. These are among the most challenging of times for our region since the majority of our members gained their independence. …

A few weeks ago, I had the opportunity to speak with two truly inspiring members of the Cocoa Research Centre (CRC) at The UWI: Professor Pathmanathan Umaharan, its head, and Dr Darin Sukha, its food technologist. I met them 16 years ago, when I started working at the university as …

I am no prophet. I would not attempt to replicate the famous BC Pires, who used to write a column with predictions for each new year. He noted: “Some of my predictions are included only to make you laugh; the others are deadly serious and, if accurate, will make anyone …

Contemporaneously with critical commentaries, the Prime Minister last Sunday attempted certain deflections of the Government’s decision—despite the parlous state of our finances—to accept for its members the hefty salary increases and backpay, which the Salaries Review Commission recommended (the SRC increases). However, it is reasonable to hold this Government accountable …

In August this year, I expressed concern that our country might go broke. A month before, commentators had been calling for an explanation of a withdrawal of TT$1.09 billion from the Heritage and Stabilisation fund. Accountability for the nation’s assets seemed to require specific identification of what aspect of public …

What do the 1937 riots, the 1970 Black Power revolution, the 1990 attempted coup, and the current crime wave have in common? They are all eruptions of dissatisfaction over the distribution of the national income earned from our energy sector. We will continue to have these episodes until we reset …

In the mid-60s, there was a proposal to move people out of what was then called Shanty Town to Morvant. Lord Blakie (1965) summed up the resistance among the people there: How they want them to move/ They say they eh going nowhere/Build big house in Morvant/ But if they …

“The real problem is that oil dollars have reduced us all to ‘petro-jumbies’, a people who have never explored our creativity, our talents, our potential. “For generations, we have been lazy slobs, knowing that the oil dollar, down today but up tomorrow, will rescue us from ruin, cushion fuel prices, …

“Grave fiscal irresponsibility!” was former Central Bank governor Jwala Rambarran’s characterization of the announcement of a US$900 million loss by the Heritage Stabilisation Fund (HSF). Invoking a dog whistle, he continued by saying that this spoke to the “incompetence of the Board”. Roodal Moonilal reminded us of Mrs Kamla Persad-Bissesar’s …

More than half our population did not experience the ravages of the 1988 International Monetary Fund’s (IMF) intervention. This group likely does not pay attention to the news reports on the Article IV consultations. They do not know that the Public Services Association’s 1988 membership was savaged and subsidies were …

Straight out of the gates, on 2 January 2023, the news hit like a bucket of cold water. As though we did not know enough about the new year’s challenges, Kristalina Georgieva, the IMF managing director, predicted: “[…] 2023 will be ‘tougher’ than last year… We expect one-third of the …