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Caribbean Business Journal - Business and Travel News

Caribbean Business Journal, a business magazine serving the Caribbean Community Around the World, Small Business Success, Travel, Economic News, Management, Finance, Diversity News, Events
 
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Caribbean Countries Drop in 2009 Economic Freedom Index
The level of economic freedom in the world dipped slightly in 2009 according to the 16th annual Index of Economic Freedom, released by the Heritage Foundation and the Wall Street Journal. The average economic freedom score for the 2010 index is 59.4 on a scale of 100, down 0.1 point from 2009, only the second time that average scores have declined.

To combat the recession, many governments launched unsuccessful attempts to spend their way back into prosperity. Led by the U.S., governments in many developed countries stepped up spending aimed at promoting growth and employment. However, "early evidence is that such spending did not work," index editors wrote.

Hong Kong and Singapore topped the rankings for the 16th straight year. By contrast, five Latin American or Caribbean countries, including Bolivia, Barbados, Ecuador, the Bahamas and Venezuela (174th of 179 countries), lost significant amounts of economic freedom in 2009.
OTHER NEWS  
Tourism Ministers and UK officials to discuss implications of increased air passenger tax
President Confirms Support For Tabasco In Wake Of Floods
Government borrows EC$10 million to pay civil servants
Record cruise arrivals boost second-quarter figures
USTDA Supports Aviation Development in Haiti
It is Time to Reflect on Our Future: FCH
United States Hispanic Chamber of Commerce Announces Next Generation of Leadership
Trinidad FM To Speak at Barbados’s Democratic Labour Party Convention
Japan and CARICOM Set to Talk Climate Change
LIAT Officials Are Positive About Night Landing Facilities
New Additions Are Sworn Into Antigua’s Electoral Commission
Presidential Hopeful Wyclef Jean Wants to Change Haitian Constitution
Credit Union Delegates To Meet in St. Lucia
Caribbean Civil Society Organizations Scheduled to Discuss EU Funding
Cayman Islands and American Banking Regulators Reach An Accord
HIGHLIGHTS  
Around the Region

Caribbean Community (CARICOM) Chairman, Honourable Roosevelt Skerrit, Prime Minister of Dominica is confident that the forging of “a new ...

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Caribbean Spotlight

In the mind of Monique Hamaty-Simmonds, there is a strong bond between her business,...

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Management

Before you begin looking for financing, you should be prepared with a business plan that builds a strong case as to why someone should finance your business.

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Global Outsourcing

Outsourcing of manufacturing processes provides many US-based women and minority companies with highly competitive operational ...

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SPECIALS FEATURES  
U.S. Coast Guard Sends Back Over 300 Haitians

The U.S. Coast Guard announced on Aug. 2 that it had sent back 323 Haitians after their overcrowded boats were stopped in Bahamian waters.

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World Bank to Disburse US$55 Million to Help Haiti Meet Urgent Financing for Reconstruction

The World Bank announced today that it will disburse US$55 million to Haiti which will help the Caribbean nation address some of its most urgent financing needs...

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Cayman Shines in Singapore

Cayman’s Youth Olympic team got off to a good start in Singapore on Sunday (15 August) with swimmer Lara Butler managing a personal best in the woman’s 100m backstroke.

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Unity and Action, Demands in the Fight Against Crime : FCH

President Felipe Calderón declared that now is the time to implement agreements between the three orders and branches of government and society in general regarding crimefighting.

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