Economics


The truth of why Europe wants Greece to suffer

Another reason why Belize should be paying attention to what is going on in Greece and start to make changes before we get to the same place. The truth about the never-ending financial crisis & the cult of extreme austerity Greece’s financial nightmare has lasted five years now. There’s no sign of real relief—for a very specific reason   For someone who writes about economics, the situation in Greece offers two enticing elements: the ability to spin out moments of high drama, and the probability it will endlessly repeat forever. We’ve experienced five years (really, here’s one of my first […]


The hidden force in global economics: sending money home

Last year there was huge debates about what Belizeans in the Diaspora do for the motherland and the people there. Someone asked in a Belizean newspaper “What have you done for me lately?” others pointed to other things, but mostly the concept was insinuating that the Diaspora doesn’t do much for the nation. There was one ignorant fellow that made the remark in public forum that: In 2013, the Central Bank of Belize reported that remittances were $72.2 million or about 2.23% of our gross domestic product (GDP). Economists will tell you that any activity generating 2.23% of GDP is […]


Horizon 2030 the vision for Belize that never came

We still have time, I guess; but it’s slowly slipping away and each day that passes by I see it all going down the drain. I’m not sure how much money was spent to put this Horizon 2030 vision together and the studies that went into it all but so far it was a gross waste of time and money. VISION FOR BELIZE by the year 2030 Belize is a country of peace and tranquility, where citizens live in harmony with the natural environment and enjoy a high quality of life. Belizeans are an energetic, resourceful and independent people looking […]


Belize Gets $10.5 Million Loan For Small Business Development

Belize has received a $10.5 million loan from the Caribbean Development Bank for small business development, the bank announced last week. The loan is to the country’s Development Finance Corporation, which works to improve home ownership, human development and the development of micro, small and medium-sized businesses. “MSMEs are fundamental to the economic landscape of Belize and are estimated to account for a significant share of economic activity and employment generation,” the CDB said in a statement. “However, they are usually faced with a number of challenges including limited access to, and the cost of financing.” The bank said the […]


BRICS countries facing increasing political risk says Aon

Aon Risk Solutions, the global risk management business of Aon plc (NYSE: AON), today unveiled its 2014 Political Risk Map which identifies an increased risk rating for all five emerging market BRICS countries. As a result, countries representing a large share of global output experienced a broad-based increase in political risk including political violence, government interference and sovereign non-payment risk. Brazil’s rating was downgraded; political risks have been increasing from moderate levels as economic weakness has increased the role of the government in the economy. This is of particular concern given this year’s World Cup and the 2016 Olympics. Russia’s […]


10 Ways to Start Eating Local Foods

By Molly Watson, About.com Guide Eating locally has many benefits. But how can you get started? Here are 10 ways to get started buying and eating locally. 1. Learn What’s In Season Knowing what’s in season in your region will help you know what to expect at farmers markets and help you know which items at other markets and stores might be from local or regional sources (and which ones most definitely are not!). Regional Seasonality Guides Produce Seasons 2. Shop at Farmers Markets Shopping at farmers markets that feature locally grown products is a fun, easy way to increase […]


The Secret History of the American Empire

Author John Perkins spoke at Marlboro College on 4/23/08. Drawing on experiences described in his two New York Times bestsellers, Perkins describes the post-WWII era as one that created history’s first truly global empire — mostly through economics, rather than the military. Now we find ourselves catapulted toward a future that appears catastrophic to many people; however, in Perkins’s view it offers great opportunities. Identifying corporations as “the most influential institutions on the planet,” he challenges us to transform ourselves and the companies that so deeply impact our lives. He presents a plan for creating a world “that will make […]