The level of efficiency in the use of resources in small countries must therefore be higher in small countries in order for their productive sectors to be competitive. The cost of infrastructure is reflected in higher debt servicing and therefore higher taxes.
The challenges that lie ahead All these should be more than enough reason to be optimistic about the future of the banking industry. But financial markets can swiftly change course… Everyone here is more than aware that the saving that takes a long time to put together could be the investment that loses value in a “mark-to-market” second.