A look at The Bahamas’ Trade Deficit
Published: Friday March 12th, 2021
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A look at The Bahamas’ Trade Deficit By LaShawn Edwards and Lorenzo Carey |
International trade dominates our everyday life, whether we are shopping online for household items or the perfect gift. To our beautiful tourist hub, it has also been conducive to increased living standards, giving access to many desirables not made or produced in the islands such as cell phones, cars, furniture and appliances, and machinery. However, when it comes to trade, essential items such as food and fuel also top the list, making the region a net borrower to the rest of world. Although international trade heralded heighted conveniences, national development and living standards, it likewise amassed significant levels of debt.
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