Articles

Fri 16th Oct 2020

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SVG is at a crossroads

Our country is at a crossroads: the choice we have to make is mass tourism and poverty or Green economics and wealth creation. Mass tourism will lead to further poverty and Green economics will lead to prosperity for our people and society. Unfortunately, both the ULP and NDP favour mass tourism. To structure the SVG economy to create wealth and prosperity SVG needs Green members of parliament.

The case against an economy based upon tourism

Economies based upon tourism are weak and exceptionally vulnerable to crashing when there is any kind of global crisis. The global financial crisis in 2008 caused a huge economic slowdown and we are still feeling the effects 12 years later. Tourism in SVG and in the whole Caribbean region is still much lower than before 2008.

Statistics show sharp declines in arrivals by cruise ship passengers and hotel stayovers. Since the global financial crisis many Americans and Europeans have generally decided to stay home and have more local holidays.

Now, with COVID-19, we have another example of a global crisis devastating countries whose economies are based upon tourism. For many years to come, the Caribbean will see much lower tourism receipts, stagnant economies and even higher levels of unemployment. Most destinations in the Caribbean region have been laying off people like crazy and shutting down entire hotel properties.

The case for a Green economy

A European Environment Agency's report concluded that a green economy can not only result in a healthy environment, but also boost prosperity and social cohesion. Also, the global market for environmental goods and services is over one trillion pounds.

Providing free university education for our people for the development of core business, engineering and ICT skills, can give them high-paid job opportunities all over the world. This will help raise families out of poverty.

In the USA, Green buildings is the bright spot in the economy, with a third of all new non-residential construction being green. The non-residential Green building activity is over $200 billion in new construction in the USA. This shows that Green industries can be prosperous in SVG.

In the USA, Green business is an economic engine. The emerging green economy had revenues between $370 - $516 billion as long ago as 2007. That year, there were about 2 million green jobs.

Conclusion

Under the ULP regime, our country is on a path to long-term poverty. This is because the ULP regime's mass tourism plan will not create revenue for the country, because there is a global decline in tourism. Also, the 1950s mentally of the ULP regime refusing to educate our children to university level, means our children will not be qualified to get high-paid Green jobs.

Green economies are not weak and exceptionally vulnerable to crashing when there is any form of global crisis. Green energies and Green technologies will be needed for decades to come, whether there is a crisis or not.

A Green government will be results-focused with a can-do spirit and focus the SVG economy on Green industries. We will be accountable to the people and create a strong economy bringing prosperity and thousands of jobs. Invest your trust in us - we care about your future. Put your 'X' next to the telephone symbol, the symbol of SVG Green Party.

On election day, reach for your dreams - vote Green.

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