Our Caribbean Basin Strategy
Our Caribbean Basin Initiative (CBI), with its focus on fostering economic development and stability in Caribbean Basin economies, provides an avenue for the application of the Wealth Ecology Model (WEM) in a strategic and impactful way. SourceEnergy-Sunburst Anchors the CBI Economic Region.
- Modular Economic Growth and Diversification: Using WEM’s modular approach, target specific sectors in each beneficiary country for development. Focus on areas where these countries have comparative advantages, like agriculture, tourism, renewable energy, and digital services. Each sector’s development is treated as a module in the broader economic plan.
- Sustainable Development and Environmental Stewardship: Align CBI’s economic objectives with sustainable practices. We invest in green technologies and eco-friendly practices in industries, particularly in sectors like tourism which are crucial for many Caribbean economies.
- Leveraging Technology for Market Access: We Promote the use of technology to enable Caribbean Basin countries to access the U.S. market more effectively. This involves e-commerce platforms, digital marketing strategies, and logistics technology to streamline the export process.
- Inclusive Growth and Community Participation: We thrive to Ensure that the economic benefits from CBI reach a broad base of the population. This involve supporting small and medium enterprises (SMEs), community-based tourism projects, and local agricultural initiatives.
- Capacity Building and Human Capital Development: We Utilize CBI programs to enhance skills and capacities that are crucial for the modern economy. This includes vocational training, digital literacy programs, and educational initiatives that align with market demands.
- Resilient Economic Structures: our primary objective is to Strengthen economic resilience against external shocks such as natural disasters and global market fluctuations. This could involve diversifying economies, building stronger local supply chains, and investing in disaster risk reduction and management.
- Regional Cooperation and Integration: A mission objective is to Foster deeper economic integration among CBI countries through joint ventures, regional supply chains, and collaborative projects. This could enhance the collective bargaining power and market presence of these countries.
- Customized Strategies for Each Country: We Recognize the unique economic profiles of each beneficiary country and tailor the CBI programs accordingly. For instance, focus on tech and innovation in countries with a strong IT base, or on agricultural modernization in countries with rich agricultural potential.