Dominica Passport | Caribbean Recipes | Dominica Photos | Classified Ads | Search Jobs | Advertise here!

Experience Dominica – The Nature Island: Dominica Vacations | Exotic Vacations | Honeymoon Destination

Dominica weekly is a personal weblog about the nature island of Dominica.


Leaders from around the Organisation of East Caribbean States (OECS) was recently in St. Kitts/Nevis to officially append their signatures to documents intended to transform the OECS into an Economic Union in the effort to deepen integration between the participating countries, and has the potential to bring together a group of very small countries.

Advertised as the financial saviour of the OECS, especially now, when countries like ours need to come up with creative ideas to keep their economies afloat.

The Union presents an opportunity to pool resources as far as the best financial minds and a way forward in these Unfathomable Times. This a great opportunity presented for an exchange of data and other information leading to the transformation of the islands as a unit and as individual territories as well.

But why get involved in any situation when one stands to lose much more than it can gain? Our leaders believe they have to preserve what maintains in the OECS, in their wisdom, sought to determine that is best for the people, and we must give them every opportunity to try and make the union work for once it does, the benefits will certainly be felt here in Dominica and in the wider Caribbean.

What are your thoughts on the newly established OECS Economic Union? Let us know in the comments.

Share this Dominica article with your friends:

Facebook Twitter Google Buzz Google Bookmarks Digg Reddit delicious Technorati Slashdot Yahoo My Web

Tagged with: , , , , ,

Related Post

How significant that the United States has inflicted itself with a financial wound so grotesque and debilitating that it will never fully recover. With big numbers get thrown around like they are nothing these days—a $140 billion tax refund here, an $85 billion bailout there. America must be one rich country. But America is not rich. It’s broke!

This US financial fallout will seriously affected financial markets around the worldwide and there will almost certainly be a trickle down effect on the already weak Dominican economy and throughout the Caribbean.

This will have negative implications on countries like Dominica – whose tourism and agriculture are linked to the fortunes of developed nations. Tourism is dependent of the volume of tourists and their spending power. Agriculture on the other hand is linked to trade agreement based largely on the interests of developed economies.

It is time we stop and evaluate this likely impact on Dominica and plan a way forward that is in the best interest for Dominica. It is obvious that the sustenance of the Banana industry is handing on by a threat and Tourism is struggling under the effects of high energy prices and airline travel.

Dominica needs to seek greater economies of scale, like the organization of Eastern Caribbean states (OECS) and the CARICOM Single Market and Economy (CSME). In this context, it is in Dominica’s best interests to move quickly and path any conflict-ridden movements affecting the CSME or the OECS.

The only cushion to this trickle down effect would be the degree of unity among the Caribbean countries, and Dominica should run to the front of the line to enhance and sustain its economy.

Your Opinion: What do you think Dominica should do to curb this U.S. financial fallout?

Share this Dominica article with your friends:

Facebook Twitter Google Buzz Google Bookmarks Digg Reddit delicious Technorati Slashdot Yahoo My Web

Tagged with: , , , , ,

Related Post




Business Key Top Sites