The management of small island economies is no easy task. One would assume that our smallness should limit our exposure to many of the vagaries that impact larger and more sophisticated economies.The opposite is usually the case because our resources to respond to crises are limited and our geopolitical importance to the world’s superpowers has waned tremendously since the end of the cold war between Russia and the Western world.Important also is the impact of climate activity and events on countries like Barbados. They have proven to be more dangerous to our development efforts than many other circumstances.We can simply recall what Hurricane Maria did to the island of Dominica in 2017 which touched down as a category 5 system with 220 miles-per-hour winds. It flattened the country, ripping off 90 per cent of roofs and killing 31 people.The spectre of such destruction looms each year from June until November. It is life for us in the Caribbean.
