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Discover the soul of the Bahamas.
Economies in the Caribbean and all over the world are grappling with the consequences of globalisation and the accompanying changes in the rules of international trade, including loss of preferential markets and erosion of preferences. This has resulted in increasing global competition for traditional products from these economies, a situation compounded by rising energy costs and accompanying negative social ills such as unemployment, rising criminality, health and educational challenges, and the like. Besides, many of these economies are facing a serious threat from climate change and the accompanying environmental problems. What are realistic socio-economic development options for The Bahamas, given the policy space now available to its government? In this era of neoliberal globalisation, however, we would find that there has been little of worth contributed to the concrete task of working out thorough strategies and consistent policies (i.e., the local response) for coping with these socio-economic problems in The Bahamas. Indeed, it is surprising how little attention has been paid to developing rational strategies and policies aimed at providing a planning frame to deal with the multi-dimensional problems of the Bahamian underdevelopment. The edited volume The Bahamas in the 21st Century seeks to answer questions like these and to offer concrete policy recommendations while engaging scholars, policy makers, professionals, students, and all persons interested in the burning issues associated with this theme.
This article is an overview of the structure of the Bahamian financial system. After the financial crisis in the United States, the Bahamian financial structure showed fragile growth. Tourism, the main source of income for the domestic economy, weakened owing to the U.S. crisis. The increase in oil prices was the key reason for the destroyed infrastructure. However, amidst the vulnerabilities, the banking sector showed stability with high capital and liquidity and sustained challenges; the insurance sector also showed significant improvement. The current financial framework needs to be strengthened, and the mission recommends several reforms to handle financial shocks.
This book focuses on the complex issues of tourism development, governance and sustainability in the long-standing popular island destination, The Bahamas, where tourism remains one of the primary fiscal industries. The book achieves this by looking at the impacts of mass tourism development from social, economic and environmental perspectives; panarchy and resilience; assessing sustainability; moving towards a blue economy; impacts of climate change and innovative alternative tourism offerings to ensure sustainable tourism – a welcomed but challenging essential contemporary focus of the tourism industry. It further looks at how development, governance and sustainability come together in the aftermath of a recent natural disaster, hurricane Dorian, which proved to be a strong catalyst for action, innovation and change in The Bahamas. Given the complexity of these key concepts and The Bahamas as an established popular tourism destination archipelago which relies so heavily on the industry, this book offers significant insight for other tourism regions and will therefore be essential reading for upper-level students and academics in the field of Tourism research.
"The ultimate guide to all of Eleuthera's 135 beaches" --Cover.
The papers in this editor's choice from among the many articles, books and other commentaries that have provided clear and reasoned responses and solutions, to inform and guide our leaders in the creation of a Community for All. The publication posits that the time has come for the citizens of the Caribbean Community to be brought formally into the process that directly affects them and their capacity to live better lives. It advocates the need for them to be informed and educated so that they can better appreciate what benefits Community membership has brought them. Armed with such information they will be better equipped to take increasingly more positive action in their collective interest.