Agriculture Minister Clarence Rambharath has expressed concern about a development on the financial landscape in the country which he fears may one day “grow to a Clico-like situation.”
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Tackle economy issues differently
In retrospection to the current issues facing the economy and the current cost of living, it may be wise for the Government to review its current course of action for getting out of this financial predicament. It may not be to further take out of citizen’s pockets what they barely have, as the majority of the population currently work for an amount close to that of the minimum wage.
With the ever-growing issue of globalisation and the aid of technological advancements we can tackle the issue of the economy from a different angle. Instead of focusing on more taxes why not make globalisation work for us? Tourism may be the next best thing for rectifying the situation.
There is no doubt that current situations may have an effect on this however, but these situations are not beyond remedy. Take crime for instance—if crime was to actually be seriously tackled it could be reduced. Students graduating with social science degrees can be put to work and study crime not from foreign models but local models to fit our society.
Secondly, if emphasis was actually put on developing our tourism industry to make our beaches more appealing, we could attract foreigners to our country, to where they will pay top dollar to experience our culture, beaches, cuisine etc.
Thirdly, if we were to use technology to our advantage to promote our tourist industry on a global scale, for example, social media, documentaries and so forth, we can make our country more known to those who are looking for places for vacation.
This can also create a lot of jobs for citizens as today’s unemployment level is ever increasing. T&T is indeed a fortunate country to have so many things going for it.
Oil has sustained us thus far but with the ever-decreasing prices, it is time the Government take a different approach to increase wealth and provide new jobs for citizens who are losing theirs on a daily basis.
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