And when the OAS under a really courageous secretary basic, Luis Almagro, tries to bring the organization towards recognizing that Venezuela is no longer in compliance with the Inter-American Democratic Charter, he is not getting the complete assistance of the hemisphere, and certainly much of the Caribbean Basin has not gone along with that. And if you line up the votes, who voted in favor and who abstained, you can do a quite simple one for one comparison based upon who is a member of Petrocaribe. And so the ramification of your question I think is area on, you know, and that is why I believe when we talk about the Caribbean in Washington, frequently we think of it in the context of, you know, island countries or programs or social advancement, and all of these are extremely, really important concerns.
And the dividends settle down the road when Venezuela itself remains in the spotlight of the worldwide community. Then they have good friends that they can depend on and it pays dividends for them - How to finance an engagement ring. So I think that at the end of the day that is a lesson honestly that we can learn, and I believe we can construct towards reversing that course. Ms. Yearwood. I concur one hundred percent with Eric. Venezuela actioned in at a time that was really crucial for much of the region and now the area is quite paying the rate, whether it is in financial obligation or other locations related to votes and other requirements that they do as a result of the-- Mr.
Increased expenses in energy too now. Ms. Yearwood. Sorry? Mr. Sires. A boost in the cost of energy likewise. Ms. Yearwood. Oh, absolutely, absolutely. Therefore I think to the point, we are at an important point now with the cost of energy being what it is with the U.S. energy supply going up and the region looking at ways to increase sustainable energy, whether it is through gas or getting the area less based on Petrocaribe and able to make these switches to brand-new types of energy is going to make a substantial difference. Mr. Sires. See, I don't think things occur by mishap.
The other issue that I have is the substantial increase of China in this area. You know, we seem to be put to a lull of sleep or something due to the fact that everybody appears to move in and then we react. And we don't appear to capture these things till something like this happens, you know, like Venezuela. So sadly, you understand, because I have actually been here we have actually been pressing-- and I understand Mr. Meeks and the other members that are here, you understand, this is an important region for us. It is a crucial region for America and we actually ought to focus.
They are going to go through the Panama Canal and they can be found in and they toss money, you https://www.inhersight.com/companies/best/reviews/equal-opportunities know, at these little nations, which in reality they can't afford not to accept the cash. So just how much of influence exists now of the Chinese? And wesley timeshare cancellation reviews I know it is growing, but-- Ms. Yearwood. The Chinese influence, it is actually really intriguing to view the method China has sort of entered into the region and the https://www.inhersight.com/companies/best/reviews/flexible-hours types of jobs. Sometimes it is a sports stadium - What jobs can i get with a finance degree. I believe the recent, the Baha Mar fiasco in the Bahamas, you have seen the Chinese Federal government been available in in a manner that the U.S.
If a Chinese developer enters a nation in the area they have the Chinese funding and the Chinese Government behind them. Mr. Sires. And the workers. Ms. Yearwood. And the employees. Therefore you have actually efficiently got a bundle that the U.S - How do you finance a car. can not-- the Foreign Corrupt Practices Act and all sorts of other factors, the U.S. can not complete in terms of the types of financial investment that they have the ability to take in without type of having to do the due diligence behind it. And it is very welcome in a great deal of locations, but what Baha Mar has shown us is that it can develop a really tight spot for the nations where they go.
Farnsworth. I think Sally raises an actually intriguing and crucial point in this context. Which one of the following occupations best fits into the corporate area of finance?. You know, the Chinese or Venezuelan design is a state-led design, so the capital of the nation, the leaders in the nation can say this is what we are going to do. We are going to develop Petrocaribe or we are going to construct a sports arena or we are going to declare that we are going to establish these tasks, whereas the U.S. design is private sector-led model. And the disconnect here is that we are handling smaller sized economies, island nations, and in comparison of other investment opportunities in other nations in Latin America, much less worldwide, these are economies that generally aren't going to draw that big financial investment except in a couple sectors like tourist like we have actually been speaking about. What the onus has to be is to discover ways to clear and establish a smooth financial area between the U.S. and the Caribbean so that personal sector capital can work. There are chances. Lastly, I would state that the Caribbean is becoming a far more intricate area since of the changes in policy towards Cuba, the cross-cutting trade agreements such as CAFTA, et cetera, and we need to believe of the Caribbean now in a wider sense. In regard to Haiti, I think really crucial is its ongoing integration with the English-speaking Caribbean, due to the fact that these are well developed democracies and it is a financial area which holds opportunities for Haiti and there is now quite a great deal of Caribbean financial investment going into Haiti and vice versa.