Shopping Cart
Your Cart is Empty
There was an error with PayPalClick here to try again
CelebrateThank you for your business!You should be receiving an order confirmation from Paypal shortly.Exit Shopping Cart

Blog Caribbean 5.0

Blog Caribbean 5.0

The ten don'ts of Caribbean small island developing states when creating their future

Posted on March 23, 2015 at 10:20 AM

Published on March 23, 2015 Email To Friend Print Version


By Dr Miguel Goede and Runy Calmera


In this article series about the Future of the Caribbean we discussed the dos for managers, business owners and policy makers in the Caribbean. Here we want to give you a list of the don’ts. Of course these are only suggestions, not rules, to guide you in your choices and strategy.



Miguel Goede is a strategist and trend watcher in the Caribbean. He is based in Curacao and works for governments, corporations and NGO in the region. You can find out more on Join the discussion on Facebook Caribbean 3.0

Based on the trends and opportunities in the Caribbean, there are a couple of no-gos for the Caribbean small island developing states.


1. Do not develop the economy based on oil, gas or other natural resources. These resources will end. Focussing on these resources will only lead to the resource curse. The script is as follows: first you will get a huge inflow of money. In a small open economy this will lead to consumption and imports initially. The economy and the people will become totally dependent upon these income streams and this “endless” welfare. Government will often have a surplus on the budget and base its spending on these income flows. It will often kill entrepreneurship. Why would you invest to become more competitive in this situation? And then when the end of the resource becomes obvious, or there is a strong decline in price, you have to adjust quickly. It will lead to low paying jobs and not to high quality jobs. And it makes politicians and others vulnerable for corruption.


2. Do not bet on the financial markets only. The financial sector is under pressure from the OECD countries and in the years to come the possibilities will become less. In some islands we see a decreasing international financial services sector, because they based their sector on providing tax evasion structures. When the OECD and USA changed the rules, a lot of international corporations simply left the Caribbean jurisdictions. A new requirement is that the international financial services sector has to provide real substance. But the pressure will continue to increase. Another issue is the fact that also a lot of “dirty” money is attracted.


3. Do not underestimate transnational organized crime. It is a source of violence and corruption. Caribbean islands simply lie between Europe and South America. Between demand and supply. As it affects our youths and our future, we have to factor this in our strategies.


4. Do not work ad hoc and focus on the short term only, but develop a long-term vision. If your agenda and scope is only what will happen today, next week and next month you will continue to manage incidents. If you move your scope to a year, two years and five to ten years, you will manage your business, influence your sector and your island. The problems we face here do not have a quick fix.



Runy Calmera is an economist, consultant, trainer and coach on economic analysis and policy for the 52 small island developing states (SIDS). You can find out more on and on Facebook

5. Do not stay in the 1.0 and 2.0 (colonial era / plantation economy or the industrial age) mindset and not embrace the information age (3.0). The rules have changed. Move to Caribbean 3.0. Becoming smart islands connected to the world, with smart businesses and organizations is the only option.


6. Do not copy the strategy from big counties or even from other islands. While you can learn from other islands, your strategy must by tailor made based on the unique offering of your island and the unique possibilities of your people.


7. Do not neglect the environment. The environment is the future.


8. Do not become or stay inward looking, not sharing the diversity with the world and not adopting swift modern technology is a ‘no-no’. Stay out of there. The world is not centered on your island.


9. Do not ignore the need for fiscal reform and reform of the civil service. These are based on the old paradigms and are not suitable for the future.


10. And most importantly: do not ignore the well-being of the people. Use education and empower small and medium enterprises as strategies for poverty reduction.


We might miss some don’ts, but we think these are the no-go areas.


On 17, 18 and 19 March 2015 these issues will be addressed in a free online conference on “The Future of the Caribbean”. Okay, the last don’t: do not miss this opportunity. Get your seat for this conference on and we will keep you informed.

Reads: 963






Click here to receive daily news headlines from Caribbean News Now!





Categories: Caribbean 3.1

Post a Comment


Oops, you forgot something.


The words you entered did not match the given text. Please try again.

Already a member? Sign In


Reply netverka
5:50 PM on June 24, 2022 
dr martens 1480 letter g pandora charm kobe bryant authentic jersey for sale doug flutie stampeders jersey for cheap navy moncler windbreaker louboutin louis junior
Reply tamrecording
5:49 AM on June 22, 2022 
ralph lauren striped polo popular shoes for teenage guys 2020 disney minnie mouse ring moncler winter coats jackets unique nfl gear rockstar energy hats australia time
Reply kbnmart
5:49 AM on June 22, 2022 
nike mens pom pom knit hat toys new baby girl frock seductive red dress converse 70 ox white christian dior wedding dress washington capitals socks
Reply dietibg
9:46 AM on June 20, 2022 
disney pandora alice in wonderland all pink new balance 620 uk shoes vintage cat eye ray ban sunglasses youth kids 2014 new nfl jerseys cincinnati bengals 94 domata peko black jerseys pink moncler jacket mens coolest nba jerseys
Reply fibuilders
12:43 PM on June 18, 2022 
sexxy night dress pandora beaded heart charm pandora quartz charm fox racing hats cheap bulk vapormax plus mens black vintage clippers jersey
Reply miltonsport
12:42 PM on June 18, 2022 
how expensive are red bottoms mlb shop red sox nike lunar force 1 duckboot romania houndstooth bucket hat ray ban gold tortoise black moncler mens coat
Reply calaera
11:32 PM on June 16, 2022 
gucci iphone 11 pro max case new york yankees original franchise fitted cap sizes nike phantom vision elite df fg all white shoes mk jet set saffiano tote nike presto 7.5 jordan retro 6 for salg
Reply yeezy supply
9:17 PM on June 16, 2022 
Thanks so much for giving everyone an extraordinarily remarkable opportunity to read in detail from this web site. It really is very ideal and packed with a great time for me and my office co-workers to visit the blog no less than thrice per week to learn the latest guidance you have. Of course, we're always pleased with the gorgeous opinions you serve. Selected two facts in this posting are undoubtedly the simplest I have ever had.
yeezy supply
Reply bape
11:27 AM on June 16, 2022 
I together with my buddies were found to be checking the good items found on your website while instantly I got a terrible suspicion I never thanked the site owner for those strategies. Most of the boys came so happy to learn all of them and already have without a doubt been using those things. I appreciate you for turning out to be considerably thoughtful and also for opting for these kinds of smart resources millions of individuals are really desirous to learn about. My honest apologies for not saying thanks to you earlier.
Reply kd shoes
11:26 AM on June 16, 2022 
I wanted to type a simple remark in order to say thanks to you for all of the amazing solutions you are showing at this website. My time-consuming internet search has now been recognized with high-quality ideas to share with my good friends. I would point out that we visitors actually are definitely fortunate to be in a magnificent place with very many marvellous individuals with beneficial techniques. I feel very blessed to have discovered your entire webpages and look forward to many more excellent minutes reading here. Thank you again for everything.
kd shoes
Reply yeezy 700
11:25 AM on June 16, 2022 
I happen to be writing to make you be aware of what a fantastic discovery my friend's girl encountered using your blog. She noticed many pieces, including what it is like to have a very effective giving mindset to have the others without hassle fully grasp several advanced topics. You really surpassed my expected results. Many thanks for showing these insightful, dependable, educational and even easy tips about that topic to Tanya.
yeezy 700
Reply golden goose outlet
11:25 AM on June 16, 2022 
I'm also commenting to make you be aware of of the excellent encounter my princess had using your web site. She picked up so many things, which include how it is like to possess an awesome coaching style to have other individuals without problems understand chosen tricky things. You truly did more than my desires. Thank you for offering the necessary, safe, revealing and even cool tips on that topic to Janet.
golden goose outlet
Reply supreme outlet
11:25 AM on June 16, 2022 
I intended to post you one very small note to help say thanks a lot again just for the wonderful solutions you've shown at this time. This has been really tremendously generous with you to convey openly all many individuals would have offered for sale as an electronic book in order to make some money for their own end, specifically since you could have done it in the event you desired. The good ideas in addition served like the fantastic way to fully grasp that many people have similar fervor just like my own to realize way more with regard to this problem. I think there are lots of more enjoyable sessions ahead for individuals who go through your site.
supreme outlet
Reply yeezy
11:24 AM on June 16, 2022 
I am just commenting to make you understand of the really good encounter my cousin's daughter went through studying your web page. She realized some pieces, which include how it is like to have an incredible coaching nature to make other people really easily learn about certain very confusing matters. You truly exceeded our own desires. Thank you for offering those beneficial, trusted, revealing and also cool tips on that topic to Lizeth.
Reply golden goose outlet
11:23 AM on June 16, 2022 
I'm also writing to make you understand what a exceptional experience our girl encountered visiting your webblog. She came to understand a wide variety of details, with the inclusion of how it is like to possess a very effective teaching mood to let other people without hassle fully understand selected impossible issues. You truly exceeded our expectations. Thanks for supplying these good, trustworthy, revealing and fun tips on the topic to Sandra.
golden goose outlet
Reply munoso
11:33 PM on June 15, 2022 
san francisco giants knit hat pattern hdcp fly knit 2018 limited donta hightower mens jersey new england patriots super bowl xlix 54 alternate red nfl michael kors voyager red gingham strapless dress af duckboot
Reply lebron shoes
8:46 PM on June 15, 2022 
I and also my buddies have been viewing the good helpful tips on your web site and suddenly got a terrible suspicion I never expressed respect to the website owner for those tips. These boys appeared to be for that reason glad to see them and have now quite simply been loving them. Appreciate your getting simply considerate as well as for deciding upon this sort of outstanding resources most people are really desirous to know about. My very own sincere apologies for not expressing appreciation to sooner.
lebron shoes
Reply golden goose
6:55 AM on June 14, 2022 
I am just writing to let you understand of the useful experience my wife's princess had checking your web page. She came to understand a wide variety of details, with the inclusion of what it is like to have a very effective giving character to get folks with no trouble learn selected specialized subject matter. You really surpassed our own expectations. I appreciate you for imparting these interesting, safe, revealing and also unique guidance on your topic to Evelyn.
golden goose
Reply off white
6:52 AM on June 14, 2022 
I enjoy you because of all of your labor on this web page. Ellie really loves participating in investigations and it's really obvious why. We all learn all regarding the dynamic mode you create very important guidance through the website and in addition attract response from other ones about this situation so our child has been becoming educated a great deal. Enjoy the remaining portion of the new year. You're conducting a tremendous job.
off white
Reply supreme hoodie
6:51 AM on June 14, 2022 
I truly wanted to write a brief note to say thanks to you for some of the splendid facts you are writing at this website. My particularly long internet search has at the end been paid with brilliant details to go over with my friends and family. I 'd assume that most of us visitors are very fortunate to live in a remarkable community with very many awesome people with good plans. I feel extremely privileged to have encountered your website page and look forward to plenty of more fabulous minutes reading here. Thanks again for all the details.
supreme hoodie