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RE: The less known story of the Caribbean and financial disaster looming after this Hurricane season...
Sadly the economy of the world is upside down, the islanders suffer repairing their homes and fields @daudimitch
New problems, no. Never ending debt and destruction, where would the people go, and would they leave if able?
Relying on first world powers and bankers will only add to the bills. There really is no answer to this annual cycle of decay.
Writing off debt might be one answer to assisting, this will not stop the ongoing annual destruction though.
Thanks for your comments, "Writing off debt might be one answer to assisting, this will not ongoing annual destruction though" this is very true...the cycle never seems to end but i believe the islands can arrest the problem by avoiding these high interest commercial loans and creating their own capital markets...the European were great merchants at least countries should encourage ownership and trade within the region, its quite anemic....as small islands we have a great appetite for american goods and service we can probably develop our own and encourage more trade, this would probably help stir some economic activities...we were once the industrial giants of the 16, 17 and 18 centuries as our goods were traded through Europe...we have to negotiate and try tap into those markets again, this would help with trade and help develop capital market within the region that these countries can tap into rather than going after these commercial high interest loans