As each day passes, the anxiety deepens over the latest attempt by the developed world to dismantle the global business sector of island nations like Barbados.Let us call it for what it is. We in this region have created a hugely successful international financial services sector, built on offering competitive tax rates which attract global companies. Industrialised nations are not happy at the loss of billions of tax dollars, and they want to destroy the sector.The European Union when it grew tired of providing financial and market support for former colonies in the Africa, Caribbean, and Pacific (ACP) region, to maintain their sugar and banana industries, preached incessantly, that we should stop our dependence of monocrops. That we needed to find niche areas in which we were competitive and diversify our economies.
