And when the OAS under an extremely courageous secretary general, Luis Almagro, tries to bring the institution toward acknowledging that Venezuela is no longer in compliance with the Inter-American Democratic Charter, he is not getting the full assistance of the hemisphere, and undoubtedly much of the Caribbean Basin has actually not accompanied that. And if you line up the votes, who enacted favor and who abstained, you can do a quite easy one for one contrast http://www.williamsonherald.com/communities/franklin-based-wesley-financial-group-named-in-best-places-to-work/article_d3c79d80-8633-11ea-b286-5f673b2f6db6.html based on who belongs to Petrocaribe. And so the implication of your concern I think is area on, you understand, and that is why I believe when we speak about the Caribbean in Washington, oftentimes we consider it in the context of, you know, island nations or programs or social development, and all of these are extremely, very essential issues.
And the dividends pay off down the road when Venezuela itself is in the spotlight of the international community. Then they have good friends that they can count on and it pays dividends for them - How long can you finance a camper. So I believe that at the end of the day that is a lesson frankly that we can find out, and I believe we can construct toward reversing that course. Ms. Yearwood. I agree 100 percent with Eric. Venezuela actioned in at a time that was extremely crucial for much of the region and now the area is quite paying the rate, whether it is in debt or other areas associated with votes and other requirements that they do as a result of the-- Mr.
Increased costs in energy too now. Ms. Yearwood. Sorry? Mr. Sires. An increase in the expense of energy likewise. Ms. Yearwood. Oh, definitely, absolutely. And so I believe to the point, we are at an essential juncture now with the cost of energy being what it is with the U.S. energy supply going up and the region taking a look at ways to increase sustainable energy, whether it is through natural gas or getting the area less depending on Petrocaribe and able to make these switches to new kinds of energy is going to make a substantial difference. Mr. Sires. See, I don't think things happen by mishap.
The other getting out of a timeshare contract concern that I have is the significant increase of China in this area. You know, we seem to be put to a lull of sleep or something since everyone appears to move in and then we respond. And we don't appear to capture these things until something like this occurs, you know, like Venezuela. So regrettably, you understand, considering that I have been here we have actually been pushing-- and I understand Mr. Meeks and the other members that are here, you understand, this is a crucial area for us. It is an important area for America and we truly ought to concentrate.
They are going to go through the Panama Canal and they are available in and they toss cash, you know, at these little nations, which in truth they can't manage not to accept the cash. So how much of impact exists now of the Chinese? And I understand it is growing, but-- Ms. Yearwood. The Chinese impact, it is really really intriguing to enjoy the way China has sort of entered the area and the types of jobs. Sometimes it is a sports arena - How to finance a home addition. I believe the current, the Baha Mar fiasco in the Bahamas, you have actually seen the Chinese Government come in in such a way that the U.S.
If a Chinese designer enters into a nation in the area they have the Chinese financing and the Chinese Federal government behind them. Mr. Sires. And the staff members. Ms. Yearwood. And the employees. And so you have actually effectively got a bundle that the U.S - What jobs can i get with a finance degree. can not-- the Foreign Corrupt Practices Act and all sorts of other factors, the U.S. can not complete in regards to the types of financial investment that they are able to take in without type of needing to do the due diligence behind it. And it is very welcome in a great deal of places, but what Baha Mar has revealed us is that it can create a really difficult situation for the nations where they go.
Farnsworth. I think Sally raises a really intriguing and crucial point in this context. What jobs can i get with a finance degree. You understand, the Chinese or Venezuelan design is a state-led model, so the capital of the country, the leaders in the nation can state this is what we are going to do. We are going to create Petrocaribe or we are going to build a sports arena or we are going to state that we are going to establish these projects, whereas the U.S. model is private sector-led design. And the disconnect here is that we are dealing with smaller sized economies, island countries, and in contrast of other financial investment chances in other nations in Latin America, much less worldwide, these are economies that usually aren't going to draw that big financial investment except in a couple sectors like tourist like we have been speaking about. What the onus has to be is to find methods to clear and establish a seamless financial area between the U.S. and the Caribbean so that economic sector capital can work. There are opportunities. Last but not least, I would say that the Caribbean is ending up being a much more intricate area because of the https://www.prweb.com/releases/2012/8/prweb9766140.htm changes in policy towards Cuba, the cross-cutting trade agreements such as CAFTA, et cetera, and we have to think of the Caribbean now in a broader sense. In regard to Haiti, I think really essential is its continued integration with the English-speaking Caribbean, because these are well established democracies and it is an economic area which holds chances for Haiti and there is now rather a great deal of Caribbean financial investment going into Haiti and vice versa.
