What can The Bahamas Government do about a slowing economy?
Options seem limited for The Bahamian economy in a slowing world economy, but there are initiatives that can be taken by the government that would not increase its size in relation to a declining Gross Domestic Product. Through most of the eighties there was little growth in the Bahamian economy. By 1992 it had become negative. The new administration after 1992 introduced policies to encourage private investment. Those policies reversed the downward trend the country had been in for 10 years or longer. The anticipated decline due to changes in the world economy should be met with a scaling back of government expenditure and controls and encouraging investment through laissez-faire principles, at the same time shoring up the rule of law, protection of property and enforcement of contracts. Even though this strategy has proven effective over the years, immigration promoted by the government invites political retaliation. But that should not deter inititiatives to expand immigration if on
