
By Tony Best
Conventional
wisdom holds that when the U.S. economy goes into a tailspin, the
Caribbean can expect to suffer after shocks.
It doesn’t take rocket science to figure out why.
After all, the economic umbilical cord, which binds the North American
economic colossus and the island-nations and coastal states washed by
the Caribbean Sea and the Atlantic Ocean manifests itself in trade and
investment, remittances and the presence and viability of a large
Caribbean immigrant population in the U.S. almost guarantees a downturn
in economic fortunes when America’s prosperity is threatened.
Although David Thompson, Barbados’ new Prime Minister and Minister of
Finance, seemingly agrees with that bit of accepted wisdom he explained
it differently.
“There is always the perception that when countries like the United
States of America and parts of Europe from which Barbados may be the
recipient of significant investment face economic challenges, that those
challenges immediately translate into problems in Barbados,” was the way
the Prime Minister put it to at least 200 well-dressed Bajans who
travelled from different parts of the City to “meet our Prime Minister,”
as one of them put it.
So, it didn’t come as a surprise when Thompson and key members of his
economic and financial team came to Wall Street the other day to meet
with executives of the credit rating firms, Standard & Poor’s and
Moody’s in particular, to explain his government’s economic policies and
how it believes the recession is going to affect the island-nation. At
the same time he wanted to hear from them how they assess the Barbados
economic and social picture and the fall-out the island-nation can
expect from the gyrations of the U.S. economy.
It also didn’t surprise many when the word went through the Bajan
community like the proverbial wild fire that Thompson was going to be in
town and he wanted to rub shoulders with Bajan-New Yorkers, in much the
same way that his immediate predecessor, Owen Arthur, had done.
But if the trip to Wall Street and the reception given by the government
didn’t catch people off guard, Thompson admitted that the formal way
Bajans were dressed and how they were seated around tables surprised
him, the Minister of State in the Ministry of Finance, Senator Darcy
Boyce, and the Director of Finance and economic Affairs, Grantley Smith.
“Let me say that I was taken a bit by surprise. Our concept of a
cocktail party in Barbados is as you know are informal gatherings at
which people stand and walk around and chat, then at the appointed hour
when the guest of honour leaves, they leave. There are no speeches, no
tables. There is nothing like this,” the Prime Minister noted. “So Darcy
(Senator Boyce) and I both prepared to do what we would do on the normal
cocktail circuit which I usually avoid.”
Actually, that comment was an explanation for the open neck shirts and
blazers worn by Thompson and Boyce compared with the evening suits that
the other men wore and the somewhat formal attire of the women.
In
his short address which lasted less than 10 minutes, the Prime Minister
spoke about his government’s policies during the first 100 days in
office; the cost of living, governance, education, the emphasis on
housing and health care; the reasons for the Wall Street meetings; the
importance of remittances; and the relationship which he wants with
Bajans abroad.
Although he didn’t discuss the details of conversations on Wall Street,
he seemingly went out of his way to point out that “as happened with
successive governments” most people with whom they spoke were “impressed
with the quality of life we enjoy in Barbados.” In addition, the word
was that “we have many features of our economic, political and social
development that are special and unique and that mark us as an
outstanding country.”
During the almost two hours he spent with the Bajans at Fleur-de-Lis, a
catering centre in Ridgewood, Queens, the Prime Minister, who was
introduced to the audience by David Gibbs, the Consul, “worked the
room,” meeting and greeting almost everyone individually.
It was an evening devoid of any political histrionics but full of
camaraderie and pleasantries which reflect the maturity for which Bajans
and other West Indians have become known.
Incidentally, the Prime Minister and his wife are due in New York City
this weekend to attend the celebratory dinner of the Cumber School
Alumni Association on Saturday, May 3 at Paradise Caterers in Brooklyn,
51 Avenue U.
Among those present at the reception were Dr. Marion Williams, Governor
of the Central Bank, Lenox Price, the next Consul-General in New York,
Dr. Chris Hackett, Ambassador to the United Nations, representatives of
the Barbados Tourism Authority and the Barbados Investment and
Development Corporation, Irving Burgie, composer of the lyrics of the
national anthem, the very Rev. Eddie Alleyne, a Rural Dean of the
Episcopal Church in Brooklyn and Priest in Charge of St. Gabriel’s,
Canon Llewellyn Armstrong, Rector of Calvary St. Cyprian’s Church, and
Rudy Barrow, President of Combermere Alumni Association, one of the
oldest Bajan organizations in America.
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