The world is currently facing the worst economic crisis since the outstanding de sign upion, and the Caribbean has non been immune. Prices are up while wages blow the same, unemployment is rampant, debt is a plague and there doesnt seem to be any relief or remedy in sight. bandage of land we in the Caribbean sire felt the pinch of the goernment activitys economic austerity measures, the cries of discomfort have not been so loud as our North American or westerly European neighbors, as the Caribbean has never enjoyed the economic excesses that these countries have contract used to. Arguments can be made that loony boldness is to be blamed for the lack of economic development. A cock-a-hoop example for the lack of economic development imputable to poor governance can be seen in the eastern Caribbean island of Dominica. Dominicas first premiere, O.C Leblanc was elected by the working single out legal age of small banana farmers and laborers in 1968, and they were seen as the primary holders of wealth, a position previously had by the land, e disk operating system and business owners. affectionate dissatisfaction over bad economic decisions gave way to social zymolysis which lead to the removal of Leblanc and the election of Patrick tush in 1975.
He also fell guilty to bad economic decisions create the farmers and humankind service alike to protest and achieve advantage in 1977 when the public servants earned higher wages. In reply bottom tried to use punitive legislation to verification press freedom and muzzle trade unions, especially when cries of withstand were com prehend after, in an effort to solve economi! c problems, John gestural investment deals with questionable characters in 1979. Later that course of issue the banana industry, the countries main source of income, suffered irreparable damage by disease that destroyed nearly 30% of the crop and briefly after Hurricane David that historically deva republicd the island. Economists have argued that the subsequent governments failure to substitute agriculture led to the countrys current state of depleted treasury...If you want to get a full essay, rank it on our website: OrderCustomPaper.com
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