Rick Lowe
Lately we're told that The Bahamas imports too much. We must become exporters to improve the economy.
If this is the case, do we import too much Foreign Direct Investment as well?
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For sure it is too onerous for us to export our capital for investment.
Perhaps we should boycott imports?
With our tongues planted firmly in our cheeks we jest of course Chris.
But the deeper issue is we perceive a problem with importing other peoples goods at better prices, but we have no difficulty accepting their money.
In jest yes, but not only do we accept their money, but we hoard it also. And our currency is hitched to theirs.
Some things are just too whacked to consider.
Been a lot of those lately.
The question is not that we import too much, its that we don’t export enough. Given the makeup of our country (archipelagic country mostly of limestone) we will have import demands. Where we need to go is generate areas of export to help balance the trade imbalance.
Did you just make my point CanesFins?
I have a trade imbalance with the super market for example. Shouldn’t that be balanced out?
Shall we cease the selling of Land in situ, and crush it all for export instead?
as for other areas of export potential, the mind is required to innovate and create exportable commodities ( or any business viability) but, we have exported so many of those, which are no doubt innovating in other less opressive climes.