Tag: Trade

Bob Marley: The legend lives on!

Go Lean Commentary

Bob Marley - The legend lives on“Let’s get together and feel alright” – Bob Marley’s Song: One Love

This song is identified in the below article as being designated Song of the Millennium by the BBC (British Broadcasting Corporation). Today, 11 May 2014, is the 33rd anniversary of Bob Marley’s death. (The number 33 is the “rev” speed for music-album playback).

The book Go Lean … Caribbean identifies 169 different musical/national combinations of genres throughout the Caribbean. Of them all, Reggae is by far the most impactful of a Caribbean sound; even more so than Calypso, Soca, Merengue or any of the many Afro-Cuban varieties (Conga, Mambo, Salsa, etc). One cannot speak of Reggae music though without recognizing the iconic role of Bob Marley. The Go Lean book speaks directly of Bob Marley in recognizing him, along with other advocates, in the way in which his contributions resonated in the world. As follows, an excerpt from that rendering (Page 133):

The majority of the Caribbean population descends from an African ancestry – a legacy of slavery from previous centuries. Despite the differences in nationality, culture and language, the image of the African Diaspora is all linked hand-in-hand. And thus, when Martin Luther King, Malcolm X, Nelson Mandela, Muhammad Ali and Bob Marley impacted the world with their contributions, the reverberations were felt globally, not just in their homelands. It is hard for one segment of the black world to advance when other segments have a negative global image. This is exemplified with the election of Barack Obama as US President; his election was viewed as an ascent for the entire Black race.*

The following article, from the Daily Independent Newspaper of Nigeria, posits that the legend and legacy of Bob Marley lives on, to this day and beyond.

“My music will go on forever. Maybe it’s a fool say that, but when me know facts me can say facts. My music will go on forever.” – Bob Marley

The above statement made by Bob Marley of his music, is a living testimony of his continued legacy and legend. Since his demise on May 11, 1981, the influence of his music on global culture has become unparalleled as evidenced by ever increasing list of accomplishments, honours and awards.

In June 1978, he was awarded the ‘Peace Medal of the Third World ’ from the United Nations. He was voted as one of the greatest lyricists of all time by a BBC poll. In 2006, a blue plaque was unveiled at his first UK residence in Ridgmount Gardens, London, dedicated to him by Nubian Jak community trust and supported by Her Majesty’s Foreign Office.

Bob Marley was posthumously inducted into the Rock and Roll Hall of Fame in 1994; in December 1999, his 1977 album “Exodus” was named Album of the Century by Time Magazine and his song “One Love” was designated Song of the Millennium by the BBC.

Since its release in 1984, Marley’s “Legend” compilation has annually sold over 250,000 copies, according to Nielsen Sound Scan, and it is only the 17th album to exceed sales of 10 million copies since SoundScan began its tabulations in 1991.

Bob Marley’s music was never recognised with a Grammy nomination, but in 2001 he was bestowed The Grammy Lifetime Achievement Award. That same year, a feature length documentary about Bob Marley’s life, ‘Rebel Music’, directed by Jeremy Marre, was nominated for a Grammy for ‘Best Long Form Music Video’ documentary. In 2001 Bob Marley was accorded the 2171st star on the Hollywood Walk of Fame by the Hollywood Historic Trust and the Hollywood Chamber of Commerce, in Hollywood, California. As a recipient of this distinction, Bob Marley joined musical legends, including Carlos Santana, Stevie Wonder and The Temptations.

In 2006, the State of New York renamed a portion of Church Avenue in the section of Brooklyn, “Bob Marley Boulevard “.

Recently, the popular TV show, Late Night with Jimmy Fallon, commemorated the 30th anniversary of Bob Marley’s passing with an entire week (May 9-13) devoted to his music, as performed by Bob’s eldest son, Ziggy, Jennifer Hudson, Lauryn Hill, Lenny Kravitz and the show’s house band, The Roots. These triumphs are all the more remarkable considering Bob Marley’s humble beginnings and numerous challenges he overcame attempting to gain a foothold in Jamaica ‘s chaotic music industry while skillfully navigating the politically partisan violence that abounded in Kingston throughout the 1970s.

In celebration of what would have been his 68th birthday, the 2013 Grammys featured an all-star Bob Marley tribute including some of music’s hottest stars.

One of the 20th century’s most charismatic and challenging performers, Bob Marley’s renown now transcends the role of reggae luminary: he is regarded as a cultural icon who implored his people to know their history “coming from the root of King David, through the line of Solomon,” as he sang on “Blackman Redemption”; Bob urged his listeners to check out the “Real Situation” and to rebel against the vampiric “Babylon System”. “Bob had a rebel type of approach, but his rebelliousness had a clearly defined purpose to it,” acknowledges Chris Blackwell, the founder of Island Records, who played a pivotal role in the Bob Marley biography by introducing Marley and the Wailers to an international audience.

Two influences of Marley’s music are his Rastafarian belief and his love for marijuana. The pan-African consciousness, progressive political ideologies and deep spiritual convictions heard in Bob Marley’s music were derived from his firmly rooted commitment to Rastafarian beliefs and its attendant lifestyle. Marley did not just enjoy weed as a recreational habit. He was instead a staunch supporter of the plant’s meditational, spiritual and healing abilities, and a fierce opponent to those who tried using marijuana as a vehicle for oppression, and to keep certain groups of people out of the societal mainstream.

In his early years, February 1962, Marley recorded four songs, Judge Not, One Cup of Coffee, Do You Still Love Me? And Terror. One Cup of Coffee was released under the pseudonym, Bobby Martell.

The following year, Bob Marley, Bunny Wailer, Peter Tosh,Junior Braithwaite, Beverly Kelso and Cherry Smith called The Teenagers, later changed the name to The Wailing Rudeboys, then to The Wailing Wailers and finally to The Wailers. In 1966, Smith, Kelso and Braithwaite left the Wailers leaving Bob Marley, Peter Tosh and Bunny Wailer. Marley, that same year married, Rita Anderson.

In an attempt to commercialise The Wailers sound, between 1968 and 1972, Bob and Rita Marley, Peter Tosh and Bunny Wailer re-cut some old tracks with JAD Records in Kingston and London.

After signing with CBS Records in London, Marley in 1972 embarked on a UK tour with American musician, Johnny Nash. The Wailers returned to Jamaica to release its first album, Catch a Fire. The eight track album was followed the same year by the album, Burnin, which included the song, I Shot the Sheriff. Eric Clapton was given the album by his guitarist, George Terry, for his enjoyment, but Clapton was so impressed that he recorded a cover version of, I Shot the Sheriff, which became his first US hit after [the song] Layla.

It is pertinent to note that during this period, Blackwell, Marley’s record company, gifted his Kingston residence and company headquarters to Marley. The property housing Tuff Gong studios, became not only his office, but also his home. Finally, The Wailers broke up in 1974 with each of the three members pursuing solo careers.

Though born a Catholic, Marley converted to Rastafari and began to grow dreadlocks. With new members in his solo career, Marley continued recording as ‘Bob Marley and The Wailers’ as the ‘I Threes’ comprising Marcia Griffiths, Judy Mowatt and Marley’s wife, Rita provided backing vocals.

Marley rose to fame internationally in 1975 with his first hit track, No Woman No Cry from the Natty Dread album. This was followed by Rastaman Vibration, his breakthrough album in the US.

Of significance was an assassination attempt by unknown gunmen on December 3, 1976, two days before, a free concert, tagged, ‘Smile Jamaica’, organised by the Jamaican Prime Minister, Michael Manley in an attempt to ease tension between two warring political factions. Marley, his wife and manager, Don Taylor were wounded in the assault. However, injured Marley performed after the attack. At the end of 1976, Marley left Jamaica and after a month of recovery and writing, he arrived [in] England, where he spent two years in self imposed exile. While in Queen Elizabeth’s country, he recorded the albums, Kaya and Exodus. For 56 consecutive weeks, Exodus stayed on the British album charts. It also included four UK hit singles – Exodus, Waiting in Vain, Jamming and One Love (a rendition of Curtis Mayfield’s hit, People get Ready).

In an effort to calm warring parties, when Marley returned to Jamaica in 1978, he performed at another political concert, the One Love Peace Concert which saw the two heads of the factions shook hands on stage.

A defiant and politically charged album, Survival, was released in 1979 with such tracks as, Zimbabwe, Africa Unite, Wake Up and Live and Survival reflected his struggle for Africans. Bob Marley’s final studio album, Uprising in 1980 is regarded as one of his most religious productions. It includes, Redemption Song and Forever Loving Jah.

Confrontation was released posthumously in 1983, contained unreleased songs recorded during Marley’s lifetime. It includes the hit song, Buffalo Soldier and new mixes of singles previously available only in Jamaica. 11 albums, four live albums and seven studio albums were achieved under the name Bob Marley and the Wailers.

In July 1977, Marley was found to have a type of malignant melanoma under the nail of a toe. Citing his religious beliefs, he turned down his doctors’ advice to have his toe amputated. Despite his illness, he continued touring.

His Redemption Song track is in particular considered to be about Marley’s coming to terms with his mortality. He appeared at the Stanley Theatre in Pittsburg, Pennsylvania on September 23 1980, unfortunately, it would be his last concert.

Shortly afterwards, his health deteriorated, the cancer had [spread] to his lungs and brains. Marley sought treatment at the Bavarian clinic of Josef Issels where he received an unusual therapy. After fighting the disease unsuccessfully for eight months, he boarded a plane for his home in Jamaica but he never made it. He landed in Miami, Florida, USA and was taken to Cedars of Lebanon, hospital for immediate medical attention.

On May 11, 1981, Robert Nesta Marley, born on February 6, 1945 on the farm of his maternal grandfather in Nine Mile, Saint Ann Parish, Jamaica to Norval Sinclair Marley and Cedella Booker gave up the ghost. He was aged 36.

After his death, he seems to loom larger than life as his legacy continues to grow. Marley received a state funeral in Jamaica on May 21, 1981 which combined elements of Ethiopian Orthodoxy and Rastafari tradition. On his religious life, Marley was a vegetarian who was affiliated with the Twelve Tribes Mansion. He was in the denomination of the Tribe of Joseph. Shortly before his death, Marley was baptised into Christianity by Archbishop Abuna Yesehaq of the Ethiopian Orthodox church in Kingston, Jamaica on November 4, 1980.

In April 1981 Bob Marley was awarded Jamaica’s third highest honor, the Order of Merit, for his outstanding contribution to his country’s culture.

Marley had a number of children: three with his wife Rita, two adopted from Rita’s previous relationships and several other others with different women.

Irrespective of race, colour, creed, the Bob Marley’s revolutionary yet unifying music, challenging colonialism, racism, and the rest has had profound effects even in country’s where English is not widely spoken.

In August 2008, two artists from Serbia and Croatia , unveiled a statue of Bob Marley during a rock music festival in Serbia; the monument’s inscription read “Bob Marley Fighter for Freedom Armed with A Guitar”.

A statue was inaugurated, next to the national stadium on Arthur Wint Drive in Kingston to commemorate him.

Internationally, Marley’s message also continues to reverberate among various indigenous communities.

The Daily Independent – Nigerian Daily Newspaper – Retrieved May 11, 2014 from: http://dailyindependentnig.com/2014/05/bob-marley-legend-lives/

The book Go Lean…Caribbean serves as a roadmap for the introduction and implementation of the Caribbean Union Trade Federation (CU). This CU strives to advance the Caribbean culture with these 3 prime directives:

  • Optimization of the economic engines in order to grow the regional economy to $800 Billion and create 2.2 million new jobs.
  • Establishment of a security apparatus to protect the resultant economic engines.
  • Improve Caribbean governance.

This roadmap recognizes that a prerequisite for advancing society is a change in the Caribbean community ethos. Early in the book, the contributions that music can make is pronounced as an ethos for the entire region to embrace, (Declaration of Interdependence – DOI – Pages 14) with these statements:

xxxii. Whereas the cultural arts and music of the region are germane to the quality of Caribbean life, and the international appreciation of Caribbean life, the Federation must implement the support systems to teach, encourage, incentivize, monetize and promote the related industries for arts and music in domestic and foreign markets. These endeavors will make the Caribbean a better place to live, work and play.

Bob Marley was the embodiment of all of these above values. He impacted the music, culture and economics of the region. He set a pathway for success for other generations of talented, inspirational and influential artists – musical geniuses – to follow. Other artists of Caribbean heritage are sure to emerge and “rock the world”; we are hereby “banking” on it, with these CU preparations (DOI – Page 13):

xxi. Whereas the preparation of our labor force can foster opportunities and dictate economic progress for current and future generations, the Federation must ensure that educational and job training opportunities are fully optimized for all residents of all member-states, with no partiality towards any gender or ethnic group. The Federation must recognize and facilitate excellence in many different fields of endeavor, including sciences, languages, arts, music and sports. This responsibility should be executed without incurring the risks of further human flight, as has been the past history.

Bob Marley - UprisingThe CU represents the change that has come to the Caribbean. The people, institutions and governance of the region are all urged to “lean-in” to this roadmap for change. We know there is a “new” Bob Marley somewhere in the Caribbean member-states, waiting to be fostered. We salute this one with the words of this Bob Marley composition Redemption Song, (from this writer’s favorite album “Uprising”):

But my hand was made strong
By the hand of the Almighty.
We forward in this generation
Triumphantly.

Won’t you help to sing
These songs of freedom?
‘Cause all I ever had,
Redemption songs,
Redemption songs.

Emancipate yourself from mental slavery,
None but our self can free our minds.
Have no fear for atomic energy,
‘Cause none of them can stop the time.
How long shall they kill our prophets,
While we stand aside and look?
Some say it’s just a part of it,
We’ve got to fulfill de book.

The following list details the community ethos, strategies, tactics, implementations and advocacies to foster the next Bob Marley:

Community Ethos – Ways to Foster Genius Page 27
Community Ethos –Promote Intellectual Property Page 29
Community Ethos – Ways to Promote Happiness Page 36
Community Ethos – Impact the Greater Good Page 37
Strategy – Caribbean Vision Page 45
Separation of Powers – Patents & Copyrights Page 78
Separation of Powers – Culture Administration Page 81
Implementation – Ways to Impact Social Media Page 111
Advocacy – Ways to Make the Caribbean Better Page 131
Advocacy – Ways to Impact Hollywood Page 203
Advocacy – Ways to Promote Music Page 231
Advocacy – Ways to Re-boot Jamaica Page 239

For this occasion, the reader is hereby admonished to put on your favorite Bob Marley album, sit back, and feel the love, the “One Love”.

Download the e-Book of Go Lean … Caribbean – free … now!

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Appendix Reference:

* Rampersad, Dr. Arnold (2008). “Race, History, and the Emergence of Obama”. Florida International University Dr. Eric E. Williams Memorial Lecture Series. BBC-Caribbean.com. Retrieved November 2013 from: http://www.bbc.co.uk/caribbean/news/story/2008/11/printable/081111_obama_rampersad.shtml

 

 

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Why not … a profit center?

Go Lean Commentary

Most Caribbean countries have embassies, consular offices and/or trade mission offices in world capitals. These are normally cost centers, where the governments have to maintain the cost burden for these facilities. But why do they have to be cost centers, why not profit centers?

Why not … a profit center? As in one integrated, consolidated center on behalf of all the Caribbean member-states – a classic “cooperative” model. This strategy meets a basic requirement of retail design: traffic. All the embassy, consular and trade mission activities would create impactful retail traffic demands.

This vision comes into focus as a result of the emergence of the Caribbean Union Trade Federation (CU), and the news article[c] below. The book Go Lean…Caribbean serves as a roadmap for the introduction and implementation of the CU. The roadmap fully anticipated integrating and consolidating Trade Mission Offices (Page 116) to advance the causes of the Caribbean people in foreign countries; eight (8) cities are specified in details.

The resultant facility, and accompanying eco-system, would fulfill a CU mandate, global outreach to expand Caribbean trade within the source country, city and regional area.

From the outset of the roadmap, the intent to leverage Trade Mission Offices was pronounced in the Declaration of Interdependence (Page 13), as follows:

xix. Whereas our legacy in recent times is one of societal abandonment, it is imperative that incentives and encouragement be put in place to first dissuade the human flight, and then entice and welcome the return of our Diaspora back to our shores. … The right of repatriation is to be extended to any natural born citizens despite any previous naturalization to foreign sovereignties.

xx. Whereas the results of our decades of migration created a vibrant Diaspora in foreign lands, the Federation must organize interactions with this population into structured markets. Thus allowing foreign consumption of domestic products, services and media, which is a positive trade impact. These economic activities must not be exploited by others’ profiteering but rather harnessed by Federation resources for efficient repatriations.

The roadmap also urges the urban design approach for mixed-use developments; (Page 234). This dictates a structure designed as retail (ground floor), mezzanine for offices, and higher levels/floors for residences (apartments, condominiums, and hotels). See a sample site in a US Midwestern city here – Photos & VIDEO:

Why Not ... a profit center - Photo 1 (2)

Why Not ... a profit center - Photo 2

Why Not ... a profit center - Photo SPECIAL

VIDEO Midtown Crossing Commercial – https://youtu.be/3Ua3FjWLfKk

A model of a successful mixed-use development is the Omaha-Nebraska Midtown Crossing[a].

Consider New York City; it is one of 8 mission cities envisioned. This  map below and the Appendix Table lists all the addresses of the Caribbean embassies, consulates, and outreach offices in New York City[b] – all within a 5 mile radius. Imagine if all those facilities were in one property – a mixed-use development.

Why Not ... a profit center - Photo 4 (3)

Imagine too, a climate-controlled atrium with Caribbean fauna & flora; a food court showcasing cuisines from all the participating Caribbean countries, (up to 30); art galleries, convention/banquet facilities, exhibit halls, night clubs, performing arts theaters and maybe even an indoor entertainment center (for instance, modeling the legacy of Caribbean Pirates). This vision would generate multiple streams of revenue – a profit center as opposed to 30 cost centers.

This vision would benefit a lot of Caribbean stakeholders with support and outreach services – those desiring to live, work, learn, heal and play in the Caribbean. These stakeholders include:

  • Visitors
  • Caribbean Citizens (travelling abroad)
  • Diaspora
  • Foreign Direct Investors
  • Students

There is the need for this manifestation right now in London, England (another designated Trade Mission Office – Page 116 ); as depicted in this referenced news story[c]:

LONDON, England (May 1, 2014) — Overseas Territory representatives from the British Virgin Islands, Bermuda, Montserrat, the Cayman Islands and Anguilla met with United Kingdom business networking specialists, CaribDirect International Business Network (CIBN) in London last week, as the first networking session focusing on trade and investment gathers momentum.

These discussions, held at the offices of the Bermuda representative, focused on introducing the CaribDirect International Business Network (CIBN) concept; outlining its broad scope; revealing the economic and political opportunities available for the Caribbean Overseas Territories (OTs); and examining practical ways to work together for the benefit of the dependent territories of the Caribbean.

CIBN is an agency designed to facilitate and connect entrepreneurs and business people in the UK with Caribbean government and business representatives for trade and investment.

Representatives attending the meeting were Cayman Islands’ deputy director Charles Parchment, Montserrat director Janice Panton, BVI London Office director Kedrick Malone, Bermuda director Kimberley Durrant, CaribDirect director of policy Ron Belgrave and CaribDirect multi-media CEO David Roberts.

If only this profit center concept existed now … in London … and in New York.

The CU roadmap is designed to bring change to the Caribbean region. This commentary demonstrates that a lean, nimble organization structure can also be “at the corner of preparation and opportunity” and that opportunity can be made in turning a cost center into a profit center. This structure can optimize the Caribbean’s economic, security and governing engines – no matter the location. If the Trade Mission Offices were constituted as profit centers, the following details from the book Go Lean…Caribbean would manifest, with impacted community ethos, strategies, tactics, implementations and advocates; listed as follows:

Community Ethos – Lean Operations Page 24
Community Ethos – Cooperatives Page 25
Community Ethos – Ways to Improve Sharing Page 37
Strategy – Repatriating Caribbean Diaspora Page 47
Strategy – Inviting Foreign Direct Investments Page 48
Tactical – Separation of Powers – State Department Page 80
Tactical – Design Requirements for the Capital District Page 110
Implementation – Trade Mission Objectives Page 116
Implementation – Reasons to Repatriate Page 118
Implementation – Ways to Benefit from Globalization Page 119
Advocacy – Ways to Improve Trade Page 128
Advocacy – Lessons from New York City Page 137
Advocacy – Ways to Enhance Tourism Page 190
Advocacy – Impact the Diaspora Page 217
Advocacy – Ways to Impact Urban Living Page 234

The Go Lean roadmap will make the outreach, and foreign support, for Caribbean stakeholders more efficient and effective. This plan would impact and change the Caribbean and the foreign world we reach out to.

All Caribbean stakeholders – citizens, businesses and governments alike – are urged to lean-in to this Go Lean roadmap.

Download the free e-Book of Go Lean … Caribbean – now!

———————

Appendix – References

a. http://www.midtowncrossing.com/about/default.aspx
b. http://michaelbenjamin2012.com/2012/06/21/caribbean-region-consulates-in-nyc/
c. http://www.caribbeannewsnow.com/topstory-Caribbean-overseas-territories-meet-with-UK-networking-specialists-20934.html

———————

Appendix – TABLE – Caribbean States Mission Offices – New York City

Member-State

Address

Anguilla 845 Third Avenue, New York, NY 10022  Phone: 212-745-0277
Antigua & Barbuda 610 Fifth Avenue, Ste 311, New York, NY 10020  Phone: 212-541-4117
Aruba 666 Third Avenue, 19th floor, New York, NY 10017 Phone 877-388-2443
Bahamas 231 East 46th Street, New York, NY 10017  Phone: 212-421-6420
Barbados 820 Second Avenue, 5th Fl, New York, NY 10017  Phone: 212-551-4325
Belize 675 Third Avenue, Ste 1911, New York, NY 10017  Phone: 212-593-0999
Bermuda 845 Third Avenue, New York, NY 10022 Phone: 212-745-8272
British Virgin Islands 845 Third Avenue, New York, NY 10022 Phone: 212-745-8272
Cayman Islands 845 Third Avenue, New York, NY 10022 Phone: 212-745-8272
Cuba 315 Lexington Ave 38th Street New York, NY 10016 Ph. 212-689-7215
Dominica 800 Second Ave, Ste 400H, New York, NY 10017 Phone: 212-949-0853
Dominican Republic 1500 Broadway, Ste 410, New York, NY 10036  Phone: 212-768-2480
Grenada 800 Second Ave, Ste 400K, New York, NY 10017 Phone 212-599-0301
Guadeloupe 45 W 34th Street, Suite 703, New York, NY 10001 Phone  877-203-2551
Guyana 370 Seventh Avenue, 4th Fl, New York, NY 10001  Phone: 212-947-5110
Haiti 271 Madison Avenue, 17th Fl, New York, NY 10016 Phone: 212-967-9767
Jamaica 767 Third Avenue, New York, NY 10017  Phone: 212-935-9000
Martinique 444 Madison Avenue, 16th Fl, New York, NY 10022 Phone: 212-838-6887
Monserrat 845 Third Avenue, New York, NY 10022  Phone: 212-745-0200
Netherland Antilles:Bonaire, Curaçao, Sint Eustatius, Saba 1 Rockefeller Plaza 11th Floor, New York, NY 10020 212-246-1429
Puerto Rico 666 5th Avenue # 15l, New York, NY, 10103-1599. Phone: 212-333-0300
St. Barthelemy 934 Fifth Ave, New York, NY 10021 Phone: 212-606-3601
St. Kitts & Nevis 414 East 75th Street, New York, NY 10103 – 212-535-5521
St. Lucia 800 Second Avenue, 9th Fl, New York, NY 10017 – 212-697-9360
St. Maarten 675 Third Avenue, Ste 1807, New York, NY 10017 – 800-786-2278
St. Vincent & The Grenadines 801 Second Avenue, 21st Fl, New York, NY – 212-687-4490
Suriname 1 UN Plaza, 26th Fl, New York, NY 10017 – 212-826-0660
Trinidad & Tobago 125 Maiden Lane, Unit 4A, 4th Fl, New York, NY 10038 Ph. 212-682-7272
Turks & Caicos Island 845 Third Avenue, New York, NY 10022 Phone: 212-745-8272
US Virgin Islands 45 W 34th Street, Suite 703, New York, NY 10001 Phone 877-203-2551
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Florida’s Snowbirds Chilly Welcome

Go Lean Commentary

Florida's Snowbird Chilly Welcome - PhotoTo the Canadian Snowbirds, looking for warm climates and a warm welcome, we say:

“Be our guest”.

To the Caribbean Diaspora, living in Canada and other northern countries, we say:

“Come in from the cold”.

The book Go Lean…Caribbean aligns with the news story in the below article. While the US may be retracting the Welcome Mats from Canadian snowbirds, after 180 days, the islands of the Caribbean extend the invitation for them to pass the wintry months here. They are invited to bring their time, talent and treasuries; (according to the article: billions of dollars).

  • Need an extra month? No problem.
  • Need access to cutting-edge medical treatment? Got it.
  • Need protection from crime and harassment? Got you covered.
  • Need video communications to interact with Embassy and government officials? Sure thing.
  • Need access to your Canadian dollar bank accounts? No problem.

The source news article is embedded here as follows:

Title: “Congress protects America from Canadian pensioners”
Gulfport, Florida – A chore combining carpentry with diplomacy awaits Gordon Bennett, a retired Canadian soldier, after his move to a larger mobile home near Florida’s Gulf coast. As commander of an overseas post of the Royal Canadian Legion, he likes to fly his national flag from a handy palm tree. But as a respectful guest—one of about half a million Canadian “snowbirds” who own winter homes in Florida, using special visas good for a total of 180 days in any 12-month period—he knows to follow strict protocol when mounting his flags, or face complaints from American neighbours. His Canadian flag cannot be flown on its own but must be paired with the Stars and Stripes (though never on the same pole). The American flag may not be smaller or fly lower, and must be flown in the position of honour (the right, as you emerge from a doorway).

Mr. Bennett, a genial octogenarian, does not resent the fussing. In his winter home of Pinellas County—an unflashy region of mobile home parks, “senior living” complexes, golf courses and strip malls—the welcome is mostly warm for Canadian snowbirds, who pump billions of dollars into Florida’s economy each year. His post shares premises with the American Legion, and has introduced local veterans to Moose Milk, a lethal Canuck eggnog-variant involving maple syrup. He routinely brings 50 or 60 Canadians to ex-servicemen’s parades, picnics or dinner-dances.

But once issues of sovereignty are raised, America’s welcome can chill. Visa rules force Canadian pensioners to count each day after they cross the border, typically in late October. They are enforced ferociously: overstayers may be barred from re-entry for five years. Some members of Congress have been trying to ease the rules for Canadian pensioners since the late 1990s. A law allowing Canadians over 55 to spend up to eight months in America each year, as long as they can show leases for property down south and do not work, passed the Senate in 2013 as part of a comprehensive immigration bill, but like the bigger bill, it has now stalled. In the House of Representatives an extension for Canadian snowbirds has been tucked into the JOLT Act, a tourism-promotion law introduced by Joe Heck, a Nevada Republican.

Canadian pensioners are not an obviously threatening group—few Americans report being mugged by elderly Ottawans armed with ice-hockey sticks. They pay property and sales taxes in America. They must cover their own health-care costs while down south, through the Canadian public health-care system and private top-up policies. If allowed to stay for eight months, most would stay only seven, predicts Dann Oliver, president of the Canadian Club of the Gulf Coast (staying longer would complicate their health cover and their tax status). They just want a few more weeks in the sun.

Yet even something this easy is proving hard. Mr. Heck is willing to tweak his bill to focus on two reforms: the Canadian extension and visa interviews by video-conference for Chinese, Brazilian and Indian would-be visitors, who currently face long journeys to American consulates. But many members of the House “are reluctant to do anything with the word immigration in it,” says Mr. Heck. Optimists hope the bill might come up for a vote this year. For Mr. Bennett and his wife, Evelyn, Canadians whose “bones ache” in their homeland’s cold, it can’t come too soon.
Source: The Economist (Retrieved 03/08/2014) –http://www.economist.com/news/united-states/21598680-congress-protects-america-canadian-pensioners-chilly-welcome

Florida's Snowbird Chilly Welcome - Photo 2The book, Go Lean…Caribbean, serves as a roadmap for the implementation of the Caribbean Union Trade Federation (CU) over a 5 year period. The book posits that tourism products can be further extended to attract, accommodate and harvest the market of Snowbirds. These ones bring more than they take, and therefore should be viewed as low-hanging fruit for tourism’s economic harvest. While some CU member-states may target a High-Net-Worth clientele, there is room too for the hordes of retirees who may seek more modest accommodations. In the end, billions of dollars of economic output from the Snowbird market are still … billions of dollars.

From the outset, the book defined that the purpose of the CU is to optimize economic, security and governing engines to impact Caribbean society, for residents and visitors. This was pronounced in Verse IV (Page 11) of the opening Declaration of Interdependence:

Whereas the natural formation of the landmass is in a tropical region, the flora and fauna allows for an inherent beauty that is enviable to peoples near and far. The structures must be strenuously guarded to protect and promote sustainable systems of commerce paramount to this reality.

In line with the foregoing article, the Go Lean book details some applicable infrastructure enhancements and advocacies to facilitate more Snowbird traffic:

  • Ferries – Union Atlantic Turnpike (Page 205)
  • Self-Governing Entities/Fairgrounds (Pages 105, 192)
  • Optimized Medical Deliveries (Page 156)
  • Marshalling Economic Crimes (Page 178)
  • Improve Elder-Care (Page 239)

The purpose of this roadmap is to make the Caribbean, a better place to live, work and play; for snowbirds too! This way we can benefit from their presence.

Download the book Go Lean … Caribbean – now!

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Temasek firm backs Southeast Asia cab booking app

Go Lean Commentary

CU Blog - Temasek firm backs Southeast Asia cab booking app - Photo - CopySingapore has a public-private initiative to foster innovation, entrepreneurship and jobs. They use public monies to invest in private businesses that can generate future returns. This constitutes a progressive stewardship of a country’s economy; and a fine model for Caribbean empowerment objectives.

The book Go Lean…Caribbean makes similar claims as the news article below, that innovation and economic growth can result from a progressive community ethos. The book defines this “community ethos” as the fundamental character or spirit of a culture; the underlying sentiment that informs the beliefs, customs, or practices of society; dominant assumptions of a people or period.

By Andrew Toh

SINGAPORE (Reuters) – A unit of Singapore state investor Temasek Holdings is putting its substantial clout behind an app that eases the pain of booking taxis in Singapore and Malaysia, aiming to expand the service in other busy Southeast Asian cities.

Vertex Venture Holdings, a $1.2 billion venture capital firm that focuses on emerging companies and funds in Asia and the United States, said on Tuesday it was leading a group of mostly Malaysian investors putting an unspecified “eight-figure sum” into smartphone app company GrabTaxi.

The app, developed by two Harvard Business School graduates, was launched in Malaysia in 2012 as MyTeksi, and then expanded to Singapore a year later. It also operates in Thailand, Vietnam and the Philippines.

“We invest in potential champions which have developed new technology platforms or business models,” Vertex Venture CEO Chua Kee Lock told reporters. “We clearly see GrabTaxi as one such champion in the making.”

Booking a taxi is often an arduous task in Singapore, a city state with a population of around 5.4 million and just 28,000 cabs. Many people rely on taxis and public transport, as Singapore is one of the most expensive places in the world to own a private car, but finding a cab during peak hours, and the frequent tropical downpours, is often frustrating.

In other Southeast Asian cities like Manila and Kuala Lumpur, heavy traffic makes finding taxis equally difficult.

GrabTaxi competes in the region with an app from Hong-Kong based company Taxi Hero and Rocket Internet’s Easy Taxi app.

In Singapore, it is up against market leader Comfortdelgro Corp, which has its own booking app. GrabTaxi, however, offers commuters a choice from all the taxis that are closest to their location, regardless of which company operates them.

GrabTaxi founder and Chief Executive Anthony Tan said the app was the second most popular in Singapore after Comfortdelgro, and that it had been downloaded on to more than one million mobile devices in Southeast Asia.

He said the company was keen to expand outside Malaysia, because that is where he believed the biggest growth was happening.

“These markets have much bigger population sizes. They’re chewing up smart phones like no tomorrow,” he said. “I think jumping on this type of wave makes all the difference.”

The Vertex Venture-led investment will go into product innovation and building larger local teams to develop and market the app, Tan said. The app would rely on built-in traffic algorithms and feedback from users, he added.

Reuters News Source (Retrieved 04/08/2014) –http://news.yahoo.com/taxi-temasek-firm-backs-southeast-asia-cab-booking-102723508–sector.html

The foregoing news article, about Temasek & GrabTaxi, provides a number of other “fine models” for the Caribbean ethos:

  • Regional Taxi Administration – The Go Lean roadmap defines that taxis are the frontline of Caribbean hospitality; there is the need to compel the stakeholders to adapt innovative products & services like the mobile apps in this news article (Page 25).
  • Mobile Applications – The Go Lean roadmap defines the mastery of time-&-space as strategic for succeeding in mobile apps development and deployment for the region (Page 35).

CU Blog - Temasek 2nd PicThe book, Go Lean…Caribbean, serves as a roadmap for the introduction and implementation of the Caribbean Union Trade Federation (CU) over a 5 year period. The book stresses that the current community spirit/ethos must change. What can motivate people to change their values and priorities? Compelling external and internal drivers! The roadmap commences with the statement that the Caribbean is in crisis, and that “a crisis is a terrible thing to waste”. The region is devastated from external factors: global economic recession, globalization and rapid technology changes. The book then posits that to adapt, there must be a new internal optimization of the region’s strengths. This is defined in Verse XXVII (Page 14) of the Declaration of Interdependence:

Whereas the region has endured a spectator status during the Industrial Revolution, we cannot stand on the sidelines of this new economy, the Information Revolution. Rather, the Federation must embrace all the tenets of Internet Communications Technology (ICT) to serve as an equalizing element in competition with the rest of the world. The Federation must bridge the digital divide and promote the community ethos that research/development is valuable and must be promoted and incentivized for adoption.

In line with the foregoing article, the Go Lean book details some applicable community ethos, and provides a roadmap to better foster these qualities and their resulting benefits:

• Deferred Gratification (Page 21)

• Governing Principles – Return of Investments (Page 24)

• Help for Entrepreneurship (Page 28)

• Promotion of Intellectual Property (Page 29)

• Impacting Research & Developments (Page 30)

• Bridging the Digital Divide (Page 31)

The roadmap posits that the CU must incubate a Mobile Apps industry, forge entrepreneurial incentives and facilitate the infrastructure upgrades so that innovations can thrive. As related in the foregoing article, these efforts can help a region, in this case the Caribbean, to be a better place to live, work and play. 🙂

Download the free e-Book of Go Lean … Caribbean – now!

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PetroCaribe press ahead with plan to eradicate hunger & poverty

Go Lean Commentary

Venezuela Oil“He who has the gold makes the rules”; this is considered the golden rule. Today, oil is considered Black Gold. This succinctly describes the status of PetroCaribe and its regional campaign.

The foregoing news article speaks of PetroCaribe and ALBA, two economic integration initiatives by Hugo Chavez (1954-2013), the late President of Venezuela. He proved to be impactful, yet polarizing. His advocacy of socialism often brought him at odds with other western democracies, especially the US. But still, Chavez and Venezuela as a whole wield great power in Latin America and the Caribbean due to their abundance of resources and oil reserves.

The publisher of the book Go Lean…Caribbean, SFE Foundation, is a Community Development Foundation, constituted with members of the Caribbean Diaspora. The book’s first chapter defines the character and objective:

The SFE Foundation is not a person; it’s an apolitical, religiously-neutral, economic-focused movement, initiated at the grass-root level to bring change back to the Caribbean homeland – no one Caribbean State is favored over another. The SFE Foundation is not affiliated with the CariCom or any of its agencies or institutions. This movement is not an attempt to re-boot the CariCom, but rather a plan to re-boot the Caribbean

The same as is said about CariCom, in the above text, can be applied to PetroCaribe and ALBA.

CARACAS, Venezuela — The action plan for the eradication of hunger and poverty in the economic zone of PetroCaribe is showing significant progress. In order to define the specific intervention initiatives for each country, representatives from 17 Caribbean and Central American nations met in Caracas, Venezuela on 3 and 4 April 2014.

The meeting was opened by the vice-president for social areas of Venezuela, Hector Rodriguez, who emphasized on the importance of PetroCaribe for the region, noting that “this is a proposal that seeks equality based on diversity”.

Referring to the results of the action plan for the eradication of hunger and poverty, he stated, “We have the strategic goal of making the Caribbean a hunger free region.”

On this occasion, countries presented their concrete initiatives to eradicate hunger and poverty locally. The Executive Secretariat of PetroCaribe, with technical assistance from Food and Agriculture Organization (FAO) of the United Nations, will evaluate the proposals based on the guidelines set out in the action plan, which were approved by all the countries in the region. Selected projects will receive implementation funding from PetroCaribe.

At the meeting, the president of PDV Caribe and ALBA executive secretary, Bernardo Alvarez, emphasized the efficient implementation of the action plan: “We must congratulate ourselves on the important progress we have made in implementing the action plan for the eradication of hunger and poverty.”

Alvarez highlighted the leadership of FAO director general, José Graziano da Silva, in the creation of this regional initiative to end hunger: “This would not be possible without the inspiration of the director general of FAO, who was the creator of the Zero Hunger program in Brazil during the government of President Lula.”

The FAO regional representative for Latin America and the Caribbean, Raúl Benítez, noted, “The action plan to eradicate hunger and poverty is an example for everyone. This initiative is a concrete response to the 47 million people who still suffer hunger in Latin America and the Caribbean.”

Benitez acknowledged the commitment of the countries of the region, and Venezuela in particular, in the fight against hunger: “Venezuela is not only an example of a country that managed to defeat undernourishment in its territory, but it is an example of solidarity with an entire region.”

Meanwhile, executive secretary of PetroCaribe, Asdrubal Chavez, expressed optimism about the results of the action plan. “We could even reach our goals sooner than planned,” Chavez said.

The action plan is part of the priorities of the Community of Latin American and Caribbean States (CELAC), and the Hunger-Free Latin America and the Caribbean Initiative, a commitment of 33 countries of the region to eradicate malnutrition by 2025. Its aim is to strengthen food and nutrition security of member states of the PetroCaribe and ALBA economic zone through national and regional hunger eradication projects.

The book Go Lean…Caribbean, serves as a roadmap for the introduction and implementation of the Caribbean Union Trade Federation (CU). This will serve as an integrated entity among Caribbean member-states; many of which are also members of PetroCaribe and ALBA; see Appendices below. So the advantageous characteristics of the SFE Foundation and the Caribbean Union as apolitical entities are manifested in this Go Lean effort.

According to the foregoing article, hunger and poverty are still major concerns in the Caribbean. The underlying motivation of the Go Lean book is brotherly love. Therefore who so ever, brings a solution to feed our hungry, poor brothers and sisters should be welcomed and embraced, despite their political affiliation. The roadmap is not “pro” or “con” American, but rather pro solutions; in fact the CU is described as a technocracy with a focus on delivery and merit, rather than ideologue or politics.

The Go Lean roadmap does align with many of the objectives of PetroCaribe as detailed in the foregoing article. The CU’s goal is to integrate the Caribbean member-states for permanent economic empowerment. As a result, many social benefits will flow. For example, the roadmap defines 10 [successful] Battles in the War Against Poverty (Page 222) and 10 Ways to Help the Middle Class (Page 223).

A basic economic principle is that education lifts people out of poverty. So the roadmap prioritizes education along with food, clothing, shelter, healthcare and energy as basic needs. The CU is to foster the eco-system to better deliver these basic needs of life for Caribbean people. In all, to make the Caribbean a better place to live work and play.

Download the book – Go Lean … Caribbean now!!!

———–

Appendix – PetroCaribe
PetroCaribe is an oil alliance with Venezuela which allows the purchase of oil on conditions of preferential payment. The alliance was launched on 29 June 2005 in Puerto La Cruz, Venezuela. In 2013 PetroCaribe agreed to links with the Bolivarian Alliance for the Americas (ALBA), and to go beyond oil and promote economic cooperation. It is now considered an “economic zone”.

The PetroCaribe agreement was initiated with the aim of having solidarity with other countries in accordance with ALBA. The payment system allows for purchase of oil on market value for 5%-50% up front with a grace period of one to two years; the remainder can be paid through a 17-25 year financing agreement with 1% interest if oil prices are above US$40 per barrel. The agreement builds on payment terms from the San Jose Agreement and the Caracas Energy Accord. Energy and Petroleum Minister and President of PDVSA Rafael Ramírez said of the deal that it seeks to cut out the middleman in such transactions: “We’re not talking about discounts…We’re talking about financial facilities, direct deliveries of products, [and] infrastructure.”

There are a total of 17 members, plus Venezuela; 12 of the members are from the 15 member CariCom (excluding, Barbados, Montserrat and Trinidad and Tobago). At the first summit, 14 countries joined the alliance. These were: Antigua and Barbuda, the Bahamas, Belize, Cuba, Dominica, Dominican Republic, Grenada, Guyana, Jamaica, St Lucia, St Kitts and Nevis, Saint Vincent and the Grenadines, Suriname and Venezuela. At the third summit, Haití and Nicaragua joined the union. Guatemala joined in July 2008 but left the organization in November 2013 stating that Venezuela had not provided them with the ultra-low financing rates that they had been promised.

Haiti finally joined the alliance in April 2006. Honduras became the 17th member of the alliance in December 2007, under President Manuel Zelaya. Belize set up the Belize Petroleum Energy Company to coordinate for the project.

Appendix – ALBA
The Bolivarian Alliance for the Americas (Spanish – ALBA: Alianza Bolivariana para los Pueblos de Nuestra América) is an intergovernmental organization based on the idea of the social, political and economic integration of the countries of Latin America and the Caribbean. The name “Bolivarian” refers to the ideology of Simón Bolívar, the 19th-century South American independence leader born in Caracas who wanted the continent to unite as a single “Great Nation.”

ALBA is associated with socialist and social democratic governments wishing to consolidate regional economic integration based on a vision of social welfare, bartering and mutual economic aid. ALBA nations may conduct trade using a virtual regional currency known as the SUCRE. Venezuela and Ecuador made the first bilateral trade deal using the Sucre, instead of the US dollar, on July 6, 2010.

ALBA members include Antigua & Barbuda, Bolivia, Cuba, Dominica, Ecuador, Nicaragua, Saint Vincent & the Grenadines, Venezuela, Saint Lucia, and Suriname.

Appendix – SUCRE
A regional currency to be used in commercial exchanges between members of the regional ALBA trade bloc, which was created as an alternative to the [proposed-but-never-ratified] Free Trade Agreement of the Americas (FTAA). The SUCRE is intended to replace the US dollar as a medium of exchange in order to decrease US control of Latin American economies and to increase stability of regional markets.

The acronym is in Spanish, as: Sistema Único de Compensación Regional. In English, this means: Unified System for Regional Compensation

International trade between member states in SUCRE exceeded $850 million in 2013.

Eventually, the plan is for the SUCRE to become a hard currency.

Appendix – Referenced Sources:

• “PetroCaribe Meets in Venezuela, Links with ALBA”. Retrieved 6 April 2013 from: http://venezuelanalysis.com/news/9087.

• “ALBA Summit Ratifies Regional Currency, Prepares for Trinidad”. Michael Fox, Venezuela Analysis. Retrieved 17 April 2009 from: http://venezuelanalysis.com/news/4373

• Wikipedia treatment for subject PetroCaribe. Retrieved April 7, 2014 from: http://en.wikipedia.org/wiki/Petrocaribe

• Wikipedia treatment for subject ALBA. Retrieved April 7, 2014 from: http://en.wikipedia.org/wiki/ALBA

• Wikipedia treatment for subject SUCRE. Retrieved April 7, 2014 from: http://en.wikipedia.org/wiki/SUCRE

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Cuba Approves New “Law on Foreign Investment”

Go Lean Commentary

Cuba FlagCuba sera libre!

This has been the “war chant” for many lovers of Cuban heritage, culture and homeland. It’s a reminder that Cuba currently lacks many of the same freedoms so many of its neighbors enjoy. It is a mission of the book Go Lean … Caribbean, to bring change to the Caribbean in general and Cuba in particular, with the implementation of the Caribbean Union Trade Federation (CU). See the relevance in the following news article here:

Title: Cuba Approves New “Law on Foreign Investment”
By: Caribbean Journal Online Magazine

Cuba’s National Assembly has approved a new “Law on Foreign Investment,” the government said Saturday.
In a statement, the government said it would be an “essential instrument in the interest of Cuba to consolidate its economic model and build a prosperous and sustainable socialism.”

The law included a mix of mostly tax incentives, and it could be the latest move in what has been a gradual shift toward liberalizing the country’s economy, although it has come at a decidedly slow pace.

That nominal push kicked off last year, when Raul Castro, announcing plans to retire from politics in 2018, said Cuba needed to update its economic model to achieve a “sustainable and prosperous socialist society, a society less egalitarian, but more fair.”

The vote came at a special meeting convened by Cuba’s state council to discuss regulation; the meeting focused on “the need to attract foreign capital to the sectors of interest to the country,” according to a statement.

Marino Murillo Jorge, vice president of Cuba’s Council of Ministers, said that well-done foreign investment “does not mean giving away the country.”

He said the new model would focus on ensuring not just economic growth but development, with a target growth rate of between five and seven percent.

Retrieved 04/01/2014 from: http://www.caribjournal.com/2014/03/30/cubas-national-assembly-approves-new-law-on-foreign-investment/

Cuba Blog GDPThe Go Lean roadmap recognizes that Cuba is very significant in the geographic and cultural anatomy of the Caribbean. As of 2010, Cuba possessed 26% of the region’s population (11.2 million out of 42.2 million) and 29% of the gross GDP, with their assumed $111 Billion output. But this is a far cry from where Cuba was 60 years ago, with one study placing Cuba as the #3 economy in Latin America and the Caribbean[a]. Though the “mighty has fallen”, this book posits that the “sleeping giant”, that is the Cuban economy, will awaken. The Go Loan roadmap is the preparation of Cuba’s re-emergence to the world’s economic consciousness. The realities and possibilities of Cuba’s past and future are identified early in the book, embedded in the Declaration of Interdependence, pronouncing a need for reconciliation efforts (Page 11):

xiii. Whereas the legacy of dissensions in many member-states (for example: Haiti and Cuba) will require a concerted effort to integrate the exile community’s repatriation, the Federation must arrange for Reconciliation Commissions to satiate a demand for justice.

The foregoing article confirms that change is on the way! The Cuban Communist regime recognizes that they need foreign investment, a “rightward” shift towards socialism; less egalitarianism and more free market accomplishments. The CU will expedite this process even more for/with Cuba. Where they declare “open arms” for foreign investments, we declare a regional embrace of Caribbean participation (Page 13):

xxiv. Whereas a free market economy can be induced and spurred for continuous progress, the Federation must install the controls to better manage aspects of the economy: jobs, inflation, savings rate, investments and other economic principles. Thereby attracting direct foreign investment because of the stability and vibrancy of our economy.

To the population of Cubans living on the island, we embrace you; “Help” is on the way! We entreat you to lean-in to this plan for confederation with your Caribbean neighbors.

To the Cuban Diaspora living abroad, we embrace you. There is a role for your inclusion in the future of Cuba. We entreat you to also lean-in to this roadmap for change and economic optimization for your beloved Cuba.

To the Cuban legacies, those descendants of Cuba’s past, we encourage you to tune-in and observe how the passions of your heritage will succeed in this new world.

Cuba sera libre!

Download the Book- Go Lean…Caribbean Now!!!

———–

Appendix – Reference:

a. United Nations Development Program, Human Development Report, Various issues, 1990, 1992, New York: Oxford University Press, 1991, 1993.

 

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Book Review: ‘Wrong – Nine Economic Policy Disasters and What We Can Learn…’

Go Lean Commentary

CU Blog-WrongThe forgoing news article is a Review of the above-cited book; it highlights many of the same approaches being used in the publication Go Lean … Caribbean for the introduction and implementation of the Caribbean Union Trade Federation (CU). This book declares that a “crisis is a terrible thing to waste” and that Caribbean member-states are still reeling from the crisis of the 2008 Economic Downturn. What’s more, the Go Lean … Caribbean book, serving as a roadmap, provides solutions to optimize the region’s economy and security apparatus.

The source book by Richard Grossman is not focused on the Caribbean; but the many economic policies do have direct effect on the region, especially with the reliance on tourism from North America and Europe as the primary economic drivers. This status makes the Caribbean a “parasite” economy; as parasites go, the health of the host directly affects the health of the symbiot. So we are very much affected by the economic policies implemented in the US, Canada, Europe, Japan, China and other countries. What is worse is the fact that we, as the Caribbean, have no voice into the policies of these host countries, (nothwithstanding the Dutch & French Caribbean countries having some small representation in European Parlianment and Puerto Rico/USVI having non-voting representation in the US Congress). So rather than drive these countries’ economic policies, the Go Lean strategy is to mitigate the negative consequences from “wrong” economic policies.

Book Review: Wrong: Nine Economic Policy Disasters and What We Can Learn from Them by Richard S. Grossman

By: Anna Grodecka

In recent years, the world has been rocked by major economic crises, most notably the collapse of Lehman Brothers, the largest bankruptcy in American history, which triggered the breathtakingly destructive sub-prime disaster. What sparks these vast economic calamities? Why do our economic policy makers fail to protect us from such upheavals? Anna Grodecka reviews Richard S. Grossman’s contribution to the literature, and finds this an insightful and accessible read, especially recommended for economics students.

“We should be (…) wary of accepting common opinions; we should judge them by the ways of reason not by popular vote.” These words of the French Renaissance writer and philosopher Michel de Montaigne could be a good summary of Richard Grossman’s newest book Wrong: Nine Economic Policy Disasters and What We Can Learn from Them. Grossman, a professor of economics at Wesleyan University, describes nine economic policy failures from the past (both distant and more recent) and concludes that the main sin of the policymakers is the commitment to outdated economic ideologies and so-called conventional wisdoms.

Although it tackles a serious issue, the book is an enjoyable read. Starting with a quote from famous economists, politicians, and even Shakespeare, each chapter focuses on one economic policy mistake. The historical outlook prevails, although the last two chapters are devoted to the description of the sub-prime and the euro/sovereign default crisis. Grossman is aware of the fact that his book suffers from the lack of counter-factual analysis. The problem is that observing that a given policy had certain consequence does not mean that in the absence of the policy the consequences would not have occurred. We cannot apply laws of logics and sentence negation to reality, especially complex political and economic reality depending not only on rational analysis but also on the animal instincts of human beings, because causal relationships are very difficult to establish. Conducting counter-factual analysis is even harder. This of course does not mean that we should give up analysing past policies widely known as mistaken.

Grossman first describes the British Navigation Acts fueled by the ideology of mercantilism that speeded up the process of revolution in the North American colonies. Then he discusses the history of the first two ‘central’ banks in the United States, whose charters were not renewed due to partisan divisions in the country which could have an impact on the evolution of several banking crises.

There is also a chapter on the Great Famine in Ireland at the end of the 19th century, and the impact of policies and British Corn Laws on it. Grossman covers the well-documented mistake on the amount of war reparations imposed by the Allies on Germany after the First World War, as well as the return to the Gold Standard at the pre-war (too high) parity by Britain in the inter-war period. Another example of wrong economic policy that is described in the book is the Smooth-Hawley Tariff, which was a protectionist measure applied by the US in 1930. Lastly, before turning to the most recent policy mistakes, the author devotes one chapter to the infamous Japanese Lost Decade. What sounds like an enumeration of well-known policy mistakes already described in other books turns out in fact to be a fascinating collection of accounts providing interesting details and new insights into the subject. This is a well-written book that puts the events into historical and economic context. It certainly has a chance at becoming a best-seller and not solely a publication read by experts.

As an example, we can take a closer look at the chapter on the Irish Famine, which took place from 1845-1852. Grossman not only describes what happened, but puts it into the perspective of other famines, starting from the BCE period. In terms of absolute numbers, the Great Hunger in Ireland was not the worst famine recorded but it did tragically lead to the death of twelve per cent of Irish population, forcing many others to emigrate. The author details how the potato – which originated in the Americas – arrived to a fertile Ireland, and that the poorest third of the Irish population consumed up to twelve pounds of potatoes per day (per capita). Only after this introduction the economic policy is mentioned. Grossman compares the responses of two Prime Ministers of the United Kingdom to the famine: Sir Robert Peel and Lord John Russell. Russell was so committed to the limited government intervention that he refused to buy food for the starving masses in order not to disturb the free formation of prices in the market. Similarly, he refused to increase the scale of public works that would give job to Irish workers so as not to disturb the free labour market. The paradox is that when the Great Famine occurred, Ireland was not a poor country. The Famine would not have been so ‘great’ if it were not for the free market ideology followed by the policymakers at that time. As it turns out, leaving things to the invisible hand of market is not always an optimal solution.

Another interesting chapter is devoted to the Lost Decade in Japan. Entitled Why Didn’t Anyone Pull the Andon Cord? The chapter begins with an explanation of the method of solving problems applied in the Toyota production system: when some potential problem is discovered, a worker may pull the andon cord that activates a signboard and starts the process of solving the problem. If the problem is not resolved within a specific time, the whole production is stopped until the issue is cleared. So, unlike the Toyota employees, Japanese authorities in the 1990’s did not pull the andon cord and continued “production” despite obvious economic problems in the country. Grossman focuses on the relationships between the Japanese Ministry of Finance and the banks’ personnel. Each bank had a clerk – mofutan – who stayed in daily contact with one employee of the ministry. Very often ex- ministry employees found work in the banks they were supervising before, once their ministerial duties were over. This sort of opaque relationship between the supervisory authority and banks in the end led to an inaccurate response to the crisis. Japanese officials did everything to maintain the status quo, refusing to introduce necessary changes or restructure the banking system for almost a decade. This chapter will be a treasure for economics students.

Of course, not all stories presented in Wrong are equally captivating. The two last chapters on the recent economic crisis seem to be the weakest, as they do not provide any new information from the perspective of a person that followed the news and other publications on the subject. But all in all, Grossman does an excellent job in picking up the most severe economic policy mistakes, providing a thorough description and analysis of them, and giving us anecdotes linked to the described events. Wrong is a very eloquently written book that leaves the reader with many new insights.

London School of Economics – Social Science Book Reviews – Retrieved 03-19-2014 –
http://blogs.lse.ac.uk/lsereviewofbooks/2014/03/18/book-review-wrong-nine-economic-policy-disasters/

The authors of this Go Lean publication represent stakeholders[d] who have been in key policy positions in those “host” countries, so the recommendations in the book, reflect sound economic policies and best-practices. This expertise is highlighted at the outset of the Go Lean book, in the Declaration of Interdependence, as follows:

xxi. Whereas the legacy of international democracies had been imperiled due to a global financial crisis, the structure of the Federation must allow for financial stability and assurance of the Federation’s institutions. To mandate the economic vibrancy of the region, monetary & fiscal controls and policies must be incorporated as proactive and reactive measures. These measures must address threats against the financial integrity of the Federation and of the member-states.

Similar to the publication by Richard Grossman, the Go Lean book highlights lessons that are learned from failed economic policies[a] and applies strategies, tactics and implementation to mitigate the wrong policies and set the region straight.[b][c]

Now is the time for the Caribbean region to lean-in for the changes described in the book Go Lean … Caribbean. The benefits of this roadmap are too alluring to ignore: emergence of an $800 Billion economy, 2.2. million new jobs, new industries, services and opportunities for the youth of the Caribbean and even an invitation to the Diaspora to repatriate from those North American and European countries that have been on the wrong side of the history featured in Richard Grossman’s book ”Wrong: Nine Economic Policy Disasters and What We Can Learn from Them”.

Anna Grodecka is a PhD student in macroeconomics at Bonn Graduate School of Economics and a visiting researcher at the LSE. She obtained her Master’s Degree in Finance from Warsaw School of Economics and Johannes Gutenberg University in Mainz. In her research, she focuses mainly on monetary policy, the financial and housing markets, and their role in the recent crisis.

Go Lean References

Page Number
[a] 10 Lessons Learned from 2008

136

[b] 10 Ways to Impact Wall Street

200

[c] 10 Reforms for Banking Regulations

199

[d] SFE Foundation

8

Download the Book- Go Lean…Caribbean Now!!!

 

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