They might also be less inclined to lever up and be more cautious in taking on debt. At the same time, though, it is important that we guard against becoming too risk averse. Over the past decade or so, there have been signs that our economy was becoming less dynamic. An increase in risk aversion would reinforce this trend.
Technology is against them and economics is against them. Globalisation is unstoppable, and in the global economy Barbados and other IBFCs are carving out our special niches. We have suffered our setbacks, but we are undeterred, because we are part of the future of the global economy, an economy where borders diminish in importance with every day that passes.