Cayman Islands at the heart of Africa’s resource curse

[Dr.Dudd]

<span style="font-size: 11pt">Published on Thursday, May 14, 2009 Email To Friend Print Version


Cayman Islands at the heart of Africa’s resource curse

WASHINGTON, USA: Foreign Policy, May 12, 2009 – When we hear the words “rogue state,” we tend to think of the Burmas and Guineas of the world - countries ruled by despotic leaders who oppress their people through militarized rule. We don’t tend to imagine bucolic mountain pastures populated by cud-chewing cattle, or pristine lakefront cities teeming with international businessmen in smartly pressed, charcoal-gray suits.

Maybe the comparison is a little over the top. But one could nonetheless make a strong case that Switzerland - or, for that matter, Britain, home to more than a quarter of the world’s tax havens – belongs in the category of countries whose unwillingness to follow international norms has harmful spillover effects around the world.

Take Africa, whose poverty is often portrayed as the inevitable product of history and geography. Africa has immense natural riches; they’ve just been sucked dry by wealthy individuals and multinationals who rely on countries with lax tax regulations and excessive traditions of secrecy to disguise the full extent of their earnings. In other words, Jersey, the Cayman Islands, and other tax havens and offshore financial centers are at the heart of Africa’s resource curse. </span>

www.Caymannetnews.com

[Tuff Gong]

Re: Cayman Islands at the heart of Africa’s resource curse

I thought it was Switzerland?
As usual the various African Governments are not to be blamed they are only doing the bidding of Cayman!

Do African Countries have Governments?

[Dr.Dudd]

Re: Cayman Islands at the heart of Africa’s resource curse

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Tuff Gong</div><div class="ubbcode-body">I thought it was Switzerland?
As usual the various African Governments are not to be blamed they are only doing the bidding of Cayman!

Do African Countries have Governments? </div></div>
they included switzerland and....about the African leaders.
First thing you should realize is that Africa does not have the history and quality of education institution that Africa has. the level of preparation and continued eduction is not available to Africans. Jamaica who's education system is in such a limited level of developement,still have a problem with managing the limited natural resources,. africa on the other hand has very little preparation,and much less ability to train administrators, with much more valuable natural resources. In addition we have well educated professional who are dead set on usiong those resources, under all circumstances. since their economies are dependent on it. as it had while the countries were colonies. They also were not in any hurry to train african administers that were capable of protecting their rights against the trainers.
They were set up to lose every thuing that they have like lambs to the slaughter.

[Tuff Gong]

Re: Cayman Islands at the heart of Africa’s resource curse

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body">.... and....about the African leaders.
First thing you should realize is that Africa does not have the history and quality of education institution that Africa has. the level of preparation and continued eduction is not available to Africans. Jamaica who's education system is in such a limited level of developement,still have a problem with managing the limited natural resources,. africa on the other hand has very little preparation,and much less ability to train administrators, with much more valuable natural resources. In addition we have well educated professional who are dead set on usiong those resources, under all circumstances. since their economies are dependent on it. as it had while the countries were colonies. They also were not in any hurry to train african administers that were capable of protecting their rights against the trainers.
They were set up to lose every thuing that they have like lambs to the slaughter. </div></div>

<span style="font-family: 'Arial Black'">Never mind</span>!

[Amberal37]

Re: Cayman Islands at the heart of Africa’s resource curse

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Tuff Gong</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body">.... and....about the African leaders.
First thing you should realize is that Africa does not have the history and quality of education institution that Africa has. the level of preparation and continued eduction is not available to Africans. Jamaica who's education system is in such a limited level of developement,still have a problem with managing the limited natural resources,. africa on the other hand has very little preparation,and much less ability to train administrators, with much more valuable natural resources. In addition we have well educated professional who are dead set on usiong those resources, under all circumstances. since their economies are dependent on it. as it had while the countries were colonies. They also were not in any hurry to train african administers that were capable of protecting their rights against the trainers.
They were set up to lose every thuing that they have like lambs to the slaughter. </div></div>

<span style="font-family: 'Arial Black'">Never mind</span>! </div></div>


see the two of you are on the same wage length...

[britisha]

Re: Cayman Islands at the heart of Africa’s resource curse

[quote=Dr.Dudd]<span style="font-weight: bold">
First thing you should realize is that Africa does not have the history and quality of education institution that Africa has.</span>

Seh wha? LOL !!

Yuh need to do some editing...LOL !!


As for the rest of your comment **aye sah**

[Dr.Dudd]

Re: Cayman Islands at the heart of Africa’s resource curse

It should really say.....First thing you should realize is that Africa does not have the history and quality of education institution that the developed country has.
Their educationsystemis not even as advanced with Jamaica's .
Yet Jamaica does not produce the quantity and level of expertise that are intrested in the protection of it;s meagre resources. Much africa and it/s vast amount of resources.
The thing that nobody is talking about is that as long as ther are tax havens, the WTO will only be a means of multinationals robbimg developed countries.
since they put their headquarters in tax havens, adn claim the same treatment and open markets as the companies that pay taxes to run thecountries.
It is a big scam i tell you.
They just are not able to function in the same economy, whithout serious dislocation.

Thes are some of the things that developing countries will only realize long after they murdsr their leaders after starvation sets in. For instance all of these corporations thattax payers are bailing out now, paid only the bae minimum if taxes ti the counbtry while makinh bilions in profit for decades. Yrt it is the tax payers tht are suffering their losses. this is only maede possible due to the presence of tax havens.