There has been a remarkable reversal of fortunes, circumstances and individual country policies within the region since the demise of the West Indies Federation. To put this in context, three reasons have been advanced, among others, for this failure: 1. Freedom of movement of people – Trinidad and Tobago’s sticking point;  2. Customs Union which was Jamaica’s objection;  3.
I mean, the correlation is really high. When we look at what’s driving consumption, it’s is your income going up. The second question of “are you, at the margin, changing your saving rate from 10 to 12 or from 10 to 13 or something” – that’s a valid part of the whole debate.