The Rasheed Griffith Show

Send us a textIn this episode of Caribbean Progress, Rasheed speaks with Dr. DeLisle Worrell, a renowned economist and former Governor of the Central Bank of Barbados. They discuss many policy topics, including why the standard macroeconomic models of the foreign exchange constraint in open economies should be revised.  How dollarization brings fiscal credibility to consolidation policies. They also explore the economic dislocation that occurred in the Caribbean post-independence.  ResourcesDevelopment and Stabilization in Small Open Economies: Theories and Evidence from the Caribbean Experience by Dr. DeLisle WorrellKey Points[07:08] Against Foreign Currency Constraints [10:46] How to Measure Productivity and Competitiveness[12:23] Prudent Management of a Small Economy [17:31] Faulty IMF and Caribbean Government Models[26:34] Optimal Government Fiscal Consolidation[27:28] Difficulty for Barbados  to Have a Good Fiscal Consolidation Policy[28:43] The Better Economic Model for Caribbean Central Bankers[31:16] What it Means to Import Inflation[32:08] Understanding Currency Substitution in the Caribbean[40:21] Barbados 2013 Fiscal Crisis[43:54] How a Government Borrows from the Central Bank[45:57] How Sovereign Are Caribbean Countries After IndependenceContact Info: Dr. DeLisle Worrell Website: www.delisleworrell.comEmail us at progress@cpsi.org

Send us a textIn our first episode, Rasheed invited Craig Palsson to discuss the current state of Haiti. They delve into its past, from pre-independence rivalry to the turbulent period of US occupation, up to the most recent presidential assassination. Next, they analyze Haiti's lack of institutional credibility as a significant factor in perpetuating its decline. Compared to other countries in the region, Haiti's persistent failure leaves us wondering what’s next. Can anything be done?ResourcesApocalypse - There are no natural disasters, only social ones. By Junot DiazHaiti's Paper War: Post-Independence Writing, Civil War, and the Making of the Republic, 1804–1954 by Chelsea StieberWhy We Fight: The Roots of War and the Paths to Peace by Christopher BlattmanWe Dream Together: Dominican Independence, Haiti, and the Fight for Caribbean Freedom by Anne EllerA Whirligig of Revolutionary Presidents: State Capacity, Political Stability, and Business in Haiti, 1910-1922 by Craig PalssonAmerican Imperialism's Undead: The Occupation of Haiti and the Rise of Caribbean Anticolonialism by Raphael DalleoContact Info: Craig Palsson Website: https://www.craigpalsson.com/YouTube: https://www.youtube.com/MarketPowerYTEmail us: progress@cpsi.org