And when the OAS under an extremely bold secretary general, Luis Almagro, attempts to bring the organization toward recognizing that Venezuela is no longer in compliance with the Inter-American Democratic Charter, he is not getting the full support of the hemisphere, and undoubtedly much of the Caribbean Basin has not supported that. And if you line up the votes, who voted in favor and who abstained, you can do a pretty easy one for one contrast based upon who is a member of Petrocaribe. Therefore the implication of your question I believe is area on, you understand, and that is why I think when we discuss the Caribbean in Washington, often we believe about it in the context of, you understand, island countries or programs or social development, and all of these are really, very important problems.
And the dividends settle down the road when Venezuela itself is in the spotlight of the worldwide neighborhood. Then they have good friends that they can depend on and it pays dividends for them - Which of the following was eliminated as a result of 2002 campaign finance reforms?. So I believe that at the end of the day that is a lesson honestly that we can discover, and I think we can construct towards reversing that course. Ms. Yearwood. I agree 100 percent with Eric. Venezuela actioned in at a time that was very important for much of the area and now the region is quite paying the cost, whether it owes money or other areas connected to votes and other requirements that they do as a result of the-- Mr.
Increased costs in energy too now. Ms. Yearwood. Sorry? Mr. Sires. An increase in the expense of energy also. Ms. Yearwood. Oh, absolutely, absolutely. Therefore I believe to the point, we are at an essential point now with the expense of energy being what it is with the U.S. energy supply increasing and the area looking at methods to increase sustainable energy, whether it is through natural gas or getting the area less based on Petrocaribe and able to make these switches to brand-new kinds of energy is going to make a substantial difference. Mr. Sires. See, I don't think things happen by accident.
The other https://www.inhersight.com/companies/best/size/medium issue that I have is the significant increase of China in this region. You understand, we appear to be put to a lull of sleep or something since everybody appears to move in and then we respond. And we don't appear to capture these things till something like this happens, you understand, like Venezuela. So unfortunately, you understand, because I have actually been here we have been pressing-- and I know Mr. Meeks and the other members that are here, you know, this is an essential region for us. It is an essential area for America and we really ought to focus.
They are going to go through the Panama Canal and they can be found in and they throw cash, you know, at these small countries, which in reality they can't manage not to accept the money. So how much of influence is there now of the Chinese? And I know it is growing, however-- Ms. Yearwood. The Chinese influence, it is actually really fascinating to see the method China has actually kind of entered into the area and the types of jobs. Often it is a sports stadium - How to finance a home addition. I think the recent, the Baha Mar debacle in the Bahamas, you have seen the Chinese Government been available in in such a way that the U.S.
If a Chinese designer enters into a nation in the region they have the Chinese financing and the Chinese Government behind them. Mr. Sires. And the employees. Ms. Yearwood. And the staff members. And so you have actually effectively got a bundle that the U.S - How to finance a house flip. can not-- the Foreign Corrupt Practices Act and all sorts of other factors, the U.S. can not contend in regards to Have a peek at this website the types of investment that they are able to take in without kind of having to do the due diligence behind it. And it is extremely welcome in a lot of locations, however what Baha Mar has shown us is that it can produce a very tight spot for the countries where they go.
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Farnsworth. I think Sally raises a truly interesting and important point in this context. What do you need to finance a car. You understand, the Chinese or Venezuelan model is a state-led model, so the capital of the country, the leaders in the country can say this is what we are going to do. We are going to develop Petrocaribe or we are going to build a sports stadium or we are going to state that we are going to develop these jobs, whereas the U.S. model is private sector-led model. And the detach here is that we are dealing with smaller economies, island countries, and in comparison of other investment opportunities in other nations in Latin America, much less around the world, these are economies that typically aren't going to draw that large investment except in a couple sectors like tourist like we have been discussing. What the onus needs to be is to find ways to clear and develop a smooth financial space between the U.S. and the Caribbean so that economic sector capital can work. There are chances. Last but not least, I would state that the Caribbean is ending up being a a lot more complex area due to the fact that of the changes in policy toward Cuba, Informative post the cross-cutting trade contracts such as CAFTA, et cetera, and we have to think about the Caribbean now in a larger sense. In regard to Haiti, I believe extremely crucial is its continued combination with the English-speaking Caribbean, since these are well established democracies and it is an economic area which holds opportunities for Haiti and there is now rather a lot of Caribbean financial investment entering into Haiti and vice versa.