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Saturday, February 16, 2013

Out of the box

The tourism direction Dominica is taking is extremely 'normal'.

Its also fighting an uphill battle which it shows little sign of winning. No doubt the reason is because tourism in itself is an extremely transient business, depending on a stability and income in a world when those two words are difficult to say in the same sentence.

I think we are at the stage where small countries like Dominica have to look towards getting people to move to the country, either as tax refugees from the first world, or as people looking for a superior quality of life. There is a greater economic theory surrounding this, but I'm not going to bore anyone who tries to read this.

Inward migration of economically self reliant citizens will aid in solving our biggest problem. A homogeneous and relatively closeted population with very little racial diversity.

All countries which develop do so because of an inward migration of intelligent people who have driven the development and economy of the recipient country. We have very little of this. It is the formula for innovation.

The problem is that both the current business community and the general political climate strongly protects the current status quo. And thats natural in some ways and counter productive in others. A new generation of 'citizens' with or without families, moving into Dominica, would radically 'up' both the income and IQ of the island.

As it is...unless we define a new taxation landscape and change an antiquated approach to inward migration (unbelievable but true), this country is going to continue to struggle to attract Foreign direct investment and ironically will struggle to protect its natural assets.