Economic sustainability during the previous decades was maintained via quota agreements between parent nations and former colonial and current commonwealth nations. New agreements forced many of these agreements to be broken and, in the process, crushed many economies resulting in a shift to service and tourism-based economies. This issue facilitated a spike in crime and drug involvement.
While the region is home to 8% of the world’s population, it accounts for an outstanding 30% of the globe’s violent crime. In 2007, the UN stated that the geographic location of the Caribbean makes it particularly vulnerable to crime, as it lies between the world’s largest suppliers and consumers of cocaine.
Widespread social decay has ensued. But the region still possesses many highly educated and skilled individuals. If the conditions are right, they could help facilitate impressive growth.
Investing in the prosperity and stability of this region is an investment in America’s security, as the Caribbean basin is America’s closest neighbor.