One explanation for our lack of competitive edge is the fact that the Caribbean is lagging behind in terms of access to information technology and affordability. In 2008, it was estimated that broadband penetration in the region was below 8 per cent compared with over 30 per cent in OECD countries.
Speaking as a central banker soon to return to the relatively tranquil ivory tower of Columbia University, I don't think it is far off the mark to characterize the turmoil of the past year as one of the worst financial shocks that the United States has confronted since the Great Depression.