The Rasheed Griffith Show

Send us a textThe Caribbean's brand potential on the world stage is not being fully realized. Deodat Maharaj, Director of Caribbean Export, argues that several regional obstacles must be addressed before the Caribbean product can be unified and finally achieve true recognition globally. Firstly, there's financing for small and micro-businesses. They comprise more than 60% of the Caribbean's business economy. There's also the process of transitioning a business from an informal one, to a registered entity. The business environment of the region is difficult, with most of the countries ranking low in terms of ease of doing business. Secondly, as a climate-vulnerable region, the Caribbean will need to embrace new technologies and industries based on green initiatives. These industries are poised to generate hundreds of thousands of jobs if executed properly. New methods of agriculture that are more technologically integrated could also harden the local food supply chains and assist in climate resilience goals for the Caribbean. Thirdly, there's logistics. High travel and transport costs don't just dampen travel demand but make regional products more expensive than their externally imported counterparts. New air and sea options will be needed to better connect the import and export chains across the region.Join Rasheed and Mr. Maharaj for this interesting discussion on the future of "Brand Caribbean" and the toward path more lucrative market opportunities.Contact Info:Deodat Maharaj via Twitter Website: Caribbean Export Development AgencyRasheed Griffith via Twitter

Send us a textBritish imperialism might be why Singapore has such high living standards today. The British were able to transplant their social norms and institutions more easily onto colonies like Singapore and Hong Kong. This, at least, is part of what Bryan Cheang argues in this episode of Caribbean Progress with Rasheed Griffith. But what made Singapore more receptive than others to British values, even within the British Empire itself?Modern Singapore's status as a democracy is contested in every political theory classroom. But how much of that is warranted? Its technocratic government’s push for economic growth and prosperity for everyone has made some trade-offs for its citizens, namely social freedoms and any notable culture of entrepreneurship or even perhaps a strong cultural identity. However, culture, as an institution, is not a one-size-fits-all. Jamaica, for example, suffers no lack of a globally recognized and marketed culture, yet its development pales in comparison to Singapore. Singapore's governance does not foster the same levels of innovation as larger countries with similar living standards, but has the bar been set unreasonably high?Lee Kuan Yew, the founding Prime Minister of Singapore, is said to have visited Jamaica to gain insight into developing his own country. But there is no firm evidence of this. The only significant ties between Singapore and the Caribbean are their shared colonial histories, yet these countries have diverged drastically. While Singapore is a crowning jewel in Southeast Asia, Jamaica, and the Caribbean languish in harmful stagnation and risk irrelevance. Are there any policy prescriptions that Caribbean countries can learn from Singapore? The answer may not be so clear. Join Bryan and Rasheed to find out.Resources:Institutions and Economic Development Markets, Ideas, and Bottom Up Change by Bryan Cheang and Tom G. PalmerLiberalism Unveiled: Forging a New Third Way in Singapore by Bryan Cheang and  Donovan ChoyAnglo-Chinese Capitalism in Hong Kong and Singapore: Origins, Reproduction & Divergence by Bryan CheangContacts:Bryan Cheang on LinkedInRasheed Griffith on XThis podcast is produced by the Caribbean Progress Studies Institute (CPSI). Contact us at progress@cpsi.org

Send us a textWelcome back to Caribbean Progress with Rasheed Griffith, a podcast of CPSI. In this episode, I am joined by the insightful Joseph Wang, a former senior trader on the open market desk at the Federal Reserve Bank in New York. We discuss the expanding internationalization of the Fed and the steadfast dominance of the USD in global trade and finance across the dollar zone. Key Points0:00 Internationalization of the Fed9:40 Interest Rates in the Dollar Zone14:13 Fed's Policy and the Eurodollar Market20:02 US Dollar's Importance in Global Finance29:53 Fed's Global Influence and Future Expansion34:38 Transition From LIBOR to SOFR39:49 Modeling Limitations in EconomicsRecommendationsGet Joseph's excellent book Central Banking 101 and follow him on X (formerly Twitter) @FedGuy12. You can also read some of Joseph's detailed analysis on more advanced topics on his blog www.fedguy.comSubscribe to CPSI SubstackFollow Rasheed on X @rasheedguo

Send us a textFrom QQ Girls to CFIUS Reviews. In this episode Rasheed is joined by Martin Chorzempa, a Senior Fellow at the Peterson Institute, to discuss Martin's book The Cashless Revolution about China's reinvention of money and the future of America's dominant role in the global financial technology industry. Martin on X (formerly Twitter): @ChorzempaMartinRasheed on X: @rasheedguoVisit our Substack at cpsi.media

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Send us a textThis week, we discuss the fascinating chronicles of monetary evolution with Dr. Dror Goldberg, an economics scholar from the Open University of Israel. From the captivating myth of Yap stone money and its striking similarities to Bitcoin. We dive deep into the economic journey of the Massachusetts colonies in the 17th century.The 17th century Massachusetts, a bustling trade center marked by Puritan settlers and their innovative financial ideas, sets the stage for our discussion. We dissect its unique economic landscape, its connections with the Caribbean, and the unfolding of a monumental economic innovation - the advent of paper money. The intricacies of its inception and the critical role played by the Puritans.Fast-forward to the modern era, we unearth the origins of the Federal Open Market Committee, tying its genesis to the intricate checks and balances of the American Puritan system. We also probe the complex relationship between legal tender laws and the utilization of money. As we round off our conversation, we delve into the evolution of money from primitive seashells to modern digital payments. We touch upon Israel's financial independence journey in 1948 and explore Massachusetts' paper money reliance on being legal tender for taxes. Check out Dr. Goldberg's WebsiteOn X (Twitter): @DrorGoldberg

Send us a textLet's unravel the complexities of Charter Cities with Mark Lutter, a pioneer who is shaping urban landscapes as the CEO of Braavos Cities, and founder and chairman of the Charter Cities Institute. Is it possible to revolutionize economic growth through innovative governance? This episode, Rasheed and Mark unravel the intricacies and debates surrounding Charter Cities, offering a compelling conversation that challenges conventional wisdom around city planning and economic growth.ResourcesBraavos CitiesCharter Cities InstituteThe Seasteading InstituteDP WorldKey Points [00:58] Why Charter Citites Remain Relevant [03:05] Is Urbanization Mesaurable? [04:42] Objections to Charter Citites[07:47] Improvement of Institutional Frameworks[12:12] The Role of Culture for a New City[14:57] A Need for a Renaissance City or Suburbia[17:20] Mental Modeling the Need for Charter Cities[20:00] Charter Cities Institute’s Vision[22:21] Dubai’s Place in Being a Progress City[24:51] Honduras’ Success as a Host Country[30:17] The Upcoming Project in the CaribbeanContact Info: Mark LutterWebsite: www.marklutter.comX (Twitter): @MarkLutterEmail us at progress@cpsi.org

Send us a textCan you imagine the catastrophic consequences of your country being blacklisted internationally? Join Rasheed as he chats with Marla Dukharan, a top Caribbean economic advisor, as we unpack the intricacies of this reality many Caribbean nations face. They dare to question the motives and fairness of international entities like the Financial Action Task Force and the OECD and how their blacklisting practices have devastatingly derailed these countries' reputation and development targets. Their discussion is not all gloom; they thoroughly examine the negative impacts of such blacklisting and brainstorm potential strategies that small countries can adopt to fight back. They look closely at how blacklisting has crippled insurance companies, led to the removal of the Schengen visa exemption, and interfered with the functioning of aid and concessionary financing. An intriguing section of our discussion uncovers a hopeful UN resolution spearheaded by the African Union. The resolution aims to empower low and middle-income countries with decision-making power over global tax affairs. As our conversation concludes, Marla and Rasheed reflect on the vitality of financial stability, economic growth, and the necessity for global collaboration. Please note the abbreviations used in the episode:EU - European UnionOECD - Organisation for Economic Co-operation and DevelopmentFATF - Financial Action Task ForceAML - Anti-Money LaunderingCFT - Criminal Financing of TerrorismFT - Financial TimesFIU - Financial Intelligence UnitsCARICOM - Caribbean CommunityBajan is a commonly used term for Barbadian ResourcesOECD pressed Australia to drop plan to reveal where multinationals pay tax by Financial TimesEU Blacklisting of Vanuatu: History, Analysis, and Socio-Economic Implications by Marla DukharanWhen A Blacklist Is, Unfortunately, Just That by Marla DukharanContact Info: Marla DukharanWebsite: marladukharan.comTwitter: @MarladukharanEmail us at progress@cpsi.org

Send us a textIn this episode of Caribbean Progress, Rasheed speaks with Humberto Macias, who previously served as the Deputy General Counsel of Honduras PrósperaThe promoter behind Próspera ZEDE. Being one of the first team members to relocate to Honduras for this tremendous project, Rasheed and Humberto discuss the growth of Próspera thus far and Honduras’ varying demographics. They dive into the details of the recent repeal of the ZEDE laws by the Castro administration and the effects this might have on foreign direct investment to Honduras. They also discuss why Próspera will remain resilient even amidst the changing political environment. Note: ICSID - International Centre for Settlement of Investment Disputes ZEDE - Zonas de Empleo y Desarrollo Económico [Spanish] (Zone for Employment and Economic Development)ResourcesPrósperaKey Points[05:46] Próspera’s Target Market[07:05] The Diverse Population of Honduras[09:31] The Legal Foundation of Próspera (The ZEDE Law)[14:07] Dissecting the Views on the ZEDE Law and its Repeal[18:50] The Implications of the Repealed ZEDE Law[21:59] Explaining the Double Repeal of the ZEDE Law[23:24] International Trade Treaties / The Kuwait Bilateral Treaty with Honduras[26:03] Politicians Awareness Towards the Effects of a Repeal[27:26] International Assumptions on The Próspera Project[30:24] Reinstatement of the ZEDE LawContact Info: Humberto MaciasX (Twitter): @HumbertoNMaciasEmail us at progress@cpsi.org

Send us a textIn this experimental episode of Caribbean Progress with Rasheed Griffith, Rasheed reviews three Caribbean songs with two long-time friends, Kenidi Prescod and Akil Walton. These songs fall under the genre of social commentary calypso, referencing political decisions throughout the Caribbean. This episode was fun, and we hope you enjoy it.Note: Bajan means Barbadian.The lyrics of the songs discussed in the episode are in the transcription section. ResourcesGypsy - Sinking ShipRas Iley - IMF Take OverMighty Sparrow - FederationCaribbean Progress Podcast episode with Anton HowesNotes Towards Caribbean Dollarization (Part 1) by Rasheed GriffithWhat Should A Caribbean Think Tank Do? by Rasheed GriffithContact Info: CPSIX (Twitter): @cpsi_orgEmail us at progress@cpsi.org