Andrew, this is a very clear and cogent summary of the benefits - or lack thereof - of the existing FDI model. In particular, I support your assertion that The Bahamas has to become vastly more selective in the types of investments that we attract. And, we should severely reduce the amount of concessions liberally bestowed upon foreign investors. In fact, the UNCTAD report that you mentioned in your letter clearly outlines an inverse relationship between amount of quality foreign direct investment of a country and the concessions given - showing that, despite our (Bahamian government) beliefs, concessions are not as important a factor in making investment decisions.
I would quibble, just a bit, with the analysis that The Bahamas "has no peer" vis-a-vis FDI. On the contrary, we are almost middle of the pack (and trending downward!) in "quality FDI inflow, as measured by the UNCTAD report (2020). Incidentally, said report (2021), which the government and other private sector industry stakeholders tout as a measure of success, only measures us against, generally, other SIDS and does not, for example, compare us with Singapore, Estonia, and other small technologically driven countries. Regionally, Costa Rica, Brazil also outstrip us. We still have work to do.
If you don't have the temerity to put your name behind something - particularly when you cowardly attack others - then you need to keep your opinions to yourself. Coward!
Actually, in 1983, an opera was written about the tragic events of May 10. It is the seminal "Our Boys", written by the absolutely brilliant - and Bahamian! - Cleophas Adderley Jr.
The opera played at the Dundas in 1987 and 1998. It remains the only opera to have ever been written and performed in the English-speaking Caribbean and, in my view, is the greatest piece of work every produced by a Bahamian.
tetelestai says...
Understood. And, yes, per capital we are superior. Fair points.
On Our leaders and foreign investment
Posted 20 July 2021, 4:51 p.m. Suggest removal
tetelestai says...
Andrew, this is a very clear and cogent summary of the benefits - or lack thereof - of the existing FDI model. In particular, I support your assertion that The Bahamas has to become vastly more selective in the types of investments that we attract. And, we should severely reduce the amount of concessions liberally bestowed upon foreign investors. In fact, the UNCTAD report that you mentioned in your letter clearly outlines an inverse relationship between amount of quality foreign direct investment of a country and the concessions given - showing that, despite our (Bahamian government) beliefs, concessions are not as important a factor in making investment decisions.
I would quibble, just a bit, with the analysis that The Bahamas "has no peer" vis-a-vis FDI. On the contrary, we are almost middle of the pack (and trending downward!) in "quality FDI inflow, as measured by the UNCTAD report (2020). Incidentally, said report (2021), which the government and other private sector industry stakeholders tout as a measure of success, only measures us against, generally, other SIDS and does not, for example, compare us with Singapore, Estonia, and other small technologically driven countries. Regionally, Costa Rica, Brazil also outstrip us. We still have work to do.
Pleasure reading your letter.
On Our leaders and foreign investment
Posted 20 July 2021, 10:07 a.m. Suggest removal
tetelestai says...
Seriously, this is your take-away from this article. Idiot!
On ‘Y’all kill my son - God gonna deal with you’
Posted 15 June 2021, 11:16 a.m. Suggest removal
tetelestai says...
Seriously, Brent: you were too damned lazy to get the names of his children?
On Peter Gilcud was ‘a giant of a man'
Posted 8 June 2021, 1:08 p.m. Suggest removal
tetelestai says...
Reneldo still refuses to tell the readers the position that young Murray plays.
And, apparently, the sports editor doesn't know how to do his job.
On BJ Murray named to All-Conference USA second team
Posted 1 June 2021, 12:40 p.m. Suggest removal
tetelestai says...
You should be the last to talk, Mr. Very Large Glass House!
On Sent into a tailspin
Posted 12 May 2021, 6:41 p.m. Suggest removal
tetelestai says...
If you don't have the temerity to put your name behind something - particularly when you cowardly attack others - then you need to keep your opinions to yourself. Coward!
On Sent into a tailspin
Posted 12 May 2021, 11:11 a.m. Suggest removal
tetelestai says...
Can you provide the link where they said that please?
I tried to find it, but without success.
On PAHO: Stick to measures and flatten the curve
Posted 7 May 2021, 8:56 a.m. Suggest removal
tetelestai says...
The man spent a whole article gushing about Shannendon Cartwright and you focus on one parenthetical sentence. Unbelievable.
On Davis is a man for all seasons
Posted 6 May 2021, 11:28 a.m. Suggest removal
tetelestai says...
Actually, in 1983, an opera was written about the tragic events of May 10. It is the seminal "Our Boys", written by the absolutely brilliant - and Bahamian! - Cleophas Adderley Jr.
The opera played at the Dundas in 1987 and 1998.
It remains the only opera to have ever been written and performed in the English-speaking Caribbean and, in my view, is the greatest piece of work every produced by a Bahamian.
On Remembering the Flamingo
Posted 6 May 2021, 11:12 a.m. Suggest removal