Omicron variant threatens Caribbean tourism recovery

Significance The move -- a response to the Omicron variant -- comes just weeks after the country reopened fully to international tourists. With tourism across much of the Caribbean having only recently started to rebound, Omicron’s emergence poses a major threat to island economies, and could stifle recovery before it has even really begun. Impacts Investment in tourism projects may pause while investors evaluate the potential impacts of Omicron. Businesses that survived 2020 lockdowns may struggle to endure another disrupted high season. Domestic tourism within source markets such as the United States may increase if people are deterred from visiting the Caribbean. The cruise industry may be particularly vulnerable, with cases among passengers causing sailings or port visits to be cancelled.

Subject Growing remittances to Latin America. Significance Family remittances to Latin America and the Caribbean (LAC) have been growing strongly in a year when immigration has become a central and controversial election issue in the United States. Impacts Strong remittance growth will have a positive impact on millions of low-income families in the region. A Trump presidency could lead to reduced LAC-US migration and a tax on remittances, probably slowing growth in 2017-18. LAC migrants and their families are set to benefit further from an expected continuing fall in sending costs.


Subject Renewable energy in the Caribbean. Significance At the Summit of the Americas on April 10-11, US President Barack Obama said that the United States would help Caribbean countries develop renewable energy sources. The Caribbean had an average cost of 0.33 dollars per kilowatt-hour (kWh) in 2012, nearly three times the US cost of electricity -- a considerable economic burden, not just in the region, but in nearly all island economies. Impacts The World Bank may attract attention as a focus point for investment less politically contentious than the United States or Venezuela. Renewable energy concepts may be first tested in Puerto Rico, which offers US legal protection to investors. Low oil prices may aid the shift to renewables in the region, by damaging Venezuela's regional influence.


Subject Remittance growth in Latin America. Significance Remittances to Latin America and the Caribbean (LAC) grew almost 10% last year, with Mexico registering another year of record inflows, driven by strong economic growth and low unemployment in the United States. Impacts Strong remittance growth is helping to counter the impact of poor growth in many LAC countries. Remittances from Venezuelan migrants are helping to alleviate the suffering of relatives there, possibly to the government's benefit. Sending costs remain high in LAC, but migrants are embracing lower-cost digital services.


Subject Caribbean dependence on Venezuela. Significance The prolonged and deepening crisis in Venezuela is having a profound impact on many countries in the Caribbean. Economic and diplomatic links have grown in recent years, largely because of the PetroCaribe initiative. Impacts The United States will step in to limit the impact on some Caribbean countries, but this may be contingent on their line on Venezuela. Venezuelan migrant outflows will have a disproportionate effect on small Caribbean countries. The weakest Caribbean countries, notably Haiti, will be especially hard hit by the curtailing of Venezuelan assistance.


Subject Remittances to Latin America. Significance Family remittances to Latin America and the Caribbean (LAC) totalled 80 billion dollars in 2017, up from 74 billion in 2016. The record amount was mainly due to a robust economy and increasing employment opportunities in the United States. Impacts The US economy will again drive remittances growth this year, but immigration crackdowns could create downside risks. The slow reduction in sending costs will limit the development impact of remittances in LAC and other developing nations. So-called de-risking and regulatory burdens are high obstacles to remittances growth.


Significance COVID-19’s onset has seen rapid loss of passenger demand amid government social lockdowns. As all major cruise lines are incorporated or domiciled abroad, they also do not qualify for direct US government financial support. Impacts Cruise lines might seek to register in the United States to get potential access to government aid. Obstacles to US registration may include crewing; cruise lines generally rely on crew that are cheaper than US labour. The cruise industry and ports will face pressure to ensure their medical provisions are suitable for passengers.


2020 ◽  
Vol 15 (2) ◽  
pp. 121-126
Author(s):  
Takisha Durm

PurposeThe Girl Who Buried Her Dreams in a Can, written by Dr Tererai, profiles a cultural, yet global experience of the power of believing in one's dream. Through this study of the similarities and differences of how children in the United States and abroad live and dream of a better life, this lesson seeks to enhance students' understandings of the power and authority they possess to effect change not only within their own lives but also in the lives of countless others in world. After reading the text, students will work to create vision boards illustrating their plans to effect change within their homes, schools, communities, states or countries. They will present their plans to their peers. To culminate the lesson, the students will bury their dreams in can and collectively decide on a future date to revisit the can to determine how far they have progressed in accomplishing their goals.Design/methodology/approachThis is an elementary grades 3–6 lesson plan. There was no research design/methodology/approach included.FindingsAs this is a lesson plan and no actual research was represented, there are no findings.Originality/valueThis is an original lesson plan completed by the first author Takisha Durm.


1987 ◽  
Vol 67 (4) ◽  
pp. 734
Author(s):  
Richard Hart ◽  
Kai P. Schoenhals ◽  
Richard A. Melanson

Significance Follow-on action from Washington and responses from foreign actors will shape the US government’s adversarial policy towards China in semiconductors and other strategic technologies. Impacts The Biden administration will likely conclude that broad-based diversion of the semiconductor supply chain away from China is not feasible. The United States will rely on export controls and political pressure to prevent diffusion to China of cutting-edge chip technologies. The United States will focus on persuading foreign semiconductor leaders to help develop US capabilities, thereby staying ahead of China. Washington will focus on less direct approaches to strategic technology competition with China, notably technical standards-setting. Industry leaders in the semiconductor supply chain worldwide will continue expanding business in China in less politically sensitive areas.


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