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February 25, 2014

Grow your Business


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We are delighted to inform you of another opportunity for growth-oriented, innovative women entrepreneurs and business owners across the region: : “Grow your Business” (GyB) 2014 workshops have today been launched by the Women Innovators Network in the Caribbean (WINC), as part of the ‘Entrepreneurship Program for Innovation in the Caribbean’ (EPIC) being implemented by infoDev, a department of the World Bank, in partnership with Canada’s Foreign Affairs, Trade and Development Canada (DFATD).

GyB 2014: Transform Your Business through Innovation

These workshops are designed for women entrepreneurs to develop a fresh approach to their business.  Over a three-day period, participants will explore new ideas to expand and improve their current business offerings, refine their unique selling propositions, better engage their existing customers and forge new business relationships.  Our intention is that this GyB experience will empower entrepreneurs to fulfil their new business visions with ease and confidence.

Two GyB workshops will be held: 1st – 3rd April 2014 in Antigua; and 8th – 10th April 2014 in St. Lucia.    

To apply, complete the WINC/GyB 2014 Application form ( https://www.surveymonkey.com/s.aspx?sm=GlBlu12aTuB0891uRqx5vw_3d_3d ) by midnight EST 9th March 2014.    

Questions can be sent to WINCinfo@worldbank.org (with cc. ksmith3@worldbank.org) or submitted via http://www.facebook.com/WomenInnovatorsNetworkCaribbean.  Responses to all questions will be posted on WINC’s FB page so that the same information is accessible to everyone.

Please feel free to circulate this message to your networks within the Caribbean entrepreneurship community.

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The “new” debt crisis, and why austerity won’t work


The “new” debt crisis, and why austerity won’t work

January 30, 2014

January 22, 2014///by Daryl Dujon

 The problem of toxic debt levels in the Caribbean is neither new nor particularly surprising, given the established trends in government spending even amidst poor economic performance and dismal growth prospects. However, the recent and ongoing involvement of the Inter

national Monetary Fund (IMF) in the region’s economic affairs and the familiar championing of spending cuts and austerity are cause for concern, especially with the Fund’s history of botched economic experiments in Latin America (including Argentina) , Asia and now Greece. While huge public spending cuts seem to be a band-aid for the economic hemorrhaging, they are inadequate and short sighted solutions to the much bigger problem of creating (and supporting) economic growth.

The basics of budget deficits, and why they keep happening

Simply put, deficits exist because governments spend more than they receive through taxation in a given budget year.* This spending is often wasteful: used to maintain or increase core political support; lost through white elephant (often infrastructural) projects with no return on investment; or pumped into social spending with no positive social gain. In a recessionary period, however, the effect of budget deficits is amplified by contractions in growth and employment and corresponding reductions in tax revenue. There is pressure to increase social spending, which cannot realistically be done in cash-strapped economies without significantly increasing public debt. Continue reading “The “new” debt crisis, and why austerity won’t work”

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