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September 22.2025
2 Minutes Read

Why Global Crises Mean Higher Prices for Caribbean Consumers: Insights from CARICOM Chair Mia Amor Mottley

Female leader discussing the impact of global crises on the Caribbean community.

The Current Peril: Global Crises and the Caribbean

As Honourable Mia Amor Mottley, Chair of CARICOM, lays bare the deeply interconnected struggles the Caribbean faces today, it’s clear that our region is at a critical juncture. Speaking not just as the Prime Minister of Barbados but as a leader committed to the well-being of all Caribbean nations, she reflects on the ongoing global crises that could reshape our collective future. The combination of climate catastrophe, high living costs, and geopolitical tensions does not only capture headlines; it threatens our economic stability and fabric of daily life.

Understanding the Direct Impact

Caribbean economies are still struggling with the remnants of colonial dependency, primarily relying on imported goods. Mottley emphasizes that every supermarket trip or local shopping experience is impacted by these external pressures, from international trade disputes to rising prices due to imports. This message resonates particularly with members of the tourism sector, who feel the need to adapt swiftly in response to changing global dynamics. Every traveler and investor must understand that economic challenges ripple through our communities, affecting the very essence of Caribbean life.

Addressing Future Implications

As CARICOM works towards diversified economies and self-sufficiency, stakeholders in tourism and related sectors need to consider how they can adapt. Mottley notes that actions taken today have profound implications for our futures. Evolving beyond reliance on foreign goods is essential not just to enhance resilience but to empower local communities.

Taking Action Today

In light of these pressing issues, it is vital for every Caribbean citizen, especially those within the tourism industry, to recognize their role in shaping the region's economic health. Small actions, such as supporting local businesses or advocating for sustainability, can collectively foster a more robust and self-reliant Caribbean economy. Everyone, from farmers to professionals, has a stake in this ongoing battle against external threats.

Economic Pulse

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