The main revenue earner and driver of economic growth -the energy sector- has crashed. Trinidad and Tobago is increasingly looking towards other players in the economy -the private sector- to take on a greater role in stimulating an economic recovery by increasing investment and employment, and earning foreign exchange. The question is whether the private sector in its … [Read more...] about How can Trinidad and Tobago’s private sector become an innovative driver of growth?
Although many business owners lament the rampant corruption in the Caribbean, the term corruption can range from bribery (whereby government officials demand illicit payments from individuals or businesses to perform an official task) to unproductive rent-seeking (whereby bureaucrats and parliamentarians favor certain private interests for their legal or illegal lobbying. This … [Read more...] about Are Governments an Advantage for Some Firms, Yet a Disadvantage for Others?
Firms play a key role in development through investments, engaging in trade, creating jobs, increasing productivity, and providing a wide range of goods and services needed to improve living standards. However, because of crime, Caribbean firms see their annual sales reduced by 6 percent. Undoubtedly, crime is an issue of concern for policy makers and citizens in the … [Read more...] about Caribbean Firms: The Path to Job Creation is Innovation
Most studies on women-owned or -managed firms have found that such firms perform more poorly than do men-owned or -managed firms. However, a forthcoming report by the Inter-American Development Bank has found some interesting data on Caribbean firms led by women. Indeed, unlike other regions in the world, Caribbean firms led by women have higher sales growth than firms led … [Read more...] about Caribbean Girls Run Tings: Boosting Sales Growth
Sustainable Microenterprises in Rural Communities. Photo author Nicola Karcher Suriname is one of the most diverse countries in the world; with an estimated population of 579,633 is represented by several different ethnicities including: Hindustani (37%), Creole (31%), Javanese (15%), Maroon (10%), Amerindian (2%), Chinese (2%), White (1%) and other (2%). This … [Read more...] about Suriname: Diversity an Inspiration for Creativity