In the middle and upper wage segments there is a need to create incentives to acquire higher qualifications through appropriately rewarding vocational training. In the less skilled segment remuneration must be brought more into line with the productivity profile of the job concerned. As already mentioned, this will probably be made easier by the recent decision to amalgamate unemployment assistance and social assistance.
The issue then becomes how competitive can the Currency Union become in selling financial services to the international community? There are several models of small states successfully offering these services - the Cayman Islands, the BVI, the Bahamas, Bermuda.