We Have No Choice?
by Simon
The House of Assembly debated a resolution on the Baha Mar deal recently. Unfortunately for the Perry Christie-led PLP, it has already lost the broader national debate on the proposed mega project.
This includes a haemorrhaging of goodwill from the PLP by many professionals and even many within the party who are flabbergasted and frustrated by Mr. Christie’s dissembling and series of incoherent statements on Baha Mar since its inception. Curiously, part of the story concerns – the BlackBerry.
Some weeks ago, Mr. Christie attempted to mock the Prime Minister for regularly checking his BlackBerry at a dinner attended by both leaders. Mr. Ingraham was monitoring any news of a settlement between Baha Mar and Scotiabank on an outstanding loan between the two entities.
The story reveals the essential differences between Messrs. Ingraham and Christie. Hubert Ingraham is a part of the Smartphone generation while his former law partner is a throwback to a bygone era, wedded to a model of economic development that is being assigned to the proverbial ash heap of history.
Mr. Ingraham’s use of the BlackBerry represents a forward-looking, tech-savvy style of leadership marked by a hands-on approach, timeliness and engagement. This is in marked contrast to Mr. Christie’s cavalier, late-again and disengaged style. The device that perhaps best represents his decision-making style is the telegraph, which in today’s world would be slow-moving, clunky and out-of-date.
But, the more defining difference between the men was revealed in one of the more shocking statements ever made by a Bahamian leader on a project as large and as involved as Baha Mar.
WE HAVE NO CHOICE?
On the eve of Mr. Ingraham’s departure for China, the Leader of the Opposition counselled the Prime Minister to take the Baha Mar deal as it was. His reckless advice: We have no choice! We have no choice?
One would have expected this to be the view of officials at Baha Mar, not of a former Prime Minister. Life is filled with choices, even in the most difficult circumstances.
It is clear that Mr. Christie would have headed to China on bended knee, as an agent for Baha Mar, representing narrow special interests rather than the broader Bahamian national interest.
Mr. Christie’s view that the country had no choice but to accept the Baha Mar deal as is, is the clearest insight yet into why he essentially gave away Bahamian treasure and land at Cable Beach which no Bahamian leader from the UBP, PLP or FNM ever did.
It explains the Great Mayaguana Land Give-Away in which beachfront property equivalent of the distance from the eastern end of New Providence to Lyford Cay was alienated to foreign interests.
It reveals why his party’s land policy has been disastrous for The Bahamas and why his talk of Bahamianization is mostly talk. It further demonstrates why Mr. Christie and the PLP are content to sell cheaply our national ambitions and dreams to foreign interests, often to the cheapest bidder, rather than genuinely empower Bahamians.
Thankfully, Mr. Ingraham disregarded Mr. Christie’s monstrously bad advice in his negotiations with the Chinese. He did so because he knows that The Bahamas indeed has a choice, indeed a number of choices, as we slowly recover from a global economic crisis.
HEAD-TO-HEAD
Rather than bended-knee, Mr. Ingraham went head-to-head with Chinese officials. Whereas Mr. Christie felt there was no choice than to accept $200 million dollars worth of contracts for Bahamians, Mr. Ingraham got that number doubled to $400 million. Those contracts will now include work on the Core Project which was not in the original deal.
In his Sunday press conference Mr. Ingraham noted that contracts will be awarded to large, medium, small scale and individual contractors. This is broad economic empowerment in fact, rather than just in talk.
Mr. Ingraham insisted on and got a sizable expansion of training opportunities for Bahamian workers and professionals. This dovetails with his administration’s revamping of the Bahamas Technical and Vocational Institute under revised legislation passed this year. It may also build on the National Retraining initiative launched last year.
The Prime Minister also suggested that there may have been some movement on phasing in the number of rooms at Baha Mar over a designated period of time.
Whatever the final outcome on this matter, it is clear that Mr. Ingraham went to China to negotiate a better deal for the country, as opposed to Mr. Christie who it appears may have gone simply for a signing ceremony and pomp in circumstances that would not have been as advantageous to The Bahamas.
WATERSHED
As noted previously in this column, the Baha Mar deal has been a watershed in terms of the vision and quality of governance demonstrated by Mr. Ingraham and the FNM in stark contrast to that of Mr. Christie and the PLP.
It must be a source of considerable angst for the latter, that the project they initiated has been re-negotiated on better terms and will be launched by an Ingraham-led FNM Government. History eclipses those who are irresolute, procrastinating and dithering when decisiveness is required.
The Bahamas deserves better than political, business or civic leaders telling us that we have no choice in charting our national destiny, despite the rough seas we are facing. This is the talk of those who are dragged along hopelessly by the stream events, rather than tacking and turning to navigate those events to one’s better advantage.
On Baha Mar and other foreign investment projects, Mr. Christie has shown that he is mastered and sidelined by events. Through painstaking negotiations Mr. Ingraham has shown that he knows how to shape events, even when presented with as problematic a deal as the initial one placed on the table by Baha Mar.
Mr. Christie’s declaration that the country had no choice on Baha Mar proved stunningly incorrect. It will prove to be one of the more disastrous pronouncements he has made in his long political career. It is a mistake the Bahamian people will clearly take into account as they make their choice at the next general election.
bahamapundit
A political blog about Bahamian politics in The Bahamas, Bahamian Politicans - and the entire Bahamas political lot. Bahamian Blogger Dennis Dames keeps you updated on the political news and views throughout the islands of The Bahamas without fear or favor. Bahamian Politicians and the Bahamian Political Arena: Updates one Post at a time on Bahamas Politics and Bahamas Politicans; and their local, regional and international policies and perspectives.
Showing posts with label Bahamian professionals. Show all posts
Showing posts with label Bahamian professionals. Show all posts
Monday, December 6, 2010
Wednesday, November 10, 2010
There is an extraordinary pool of Bahamian talent overseas waiting to be tapped
Bring Home Bahamian Talent
by Simon
The Bahamas has various agencies dedicated to attracting overseas investments, including the Bahamas Maritime Authority which recently opened its third overseas office. Today, the country enjoys one of the more successful international ship registries. That success is measured by both gross tonnage and attention to high international standards.
Our diplomatic missions also promote The Bahamas as an attractive destination for international business and foreign capital. However, the country’s lead investment arm is The Bahamas Investment Authority. Its website notes:
“The proactive economic growth and development policies of the government of the Bahamas are guided by The Bahamas Investment Authority (BIA), established to "cut red tape and lay out the red carpet" for investors. Operating from the Office of the Prime Minister, the BIA has been designated as a "one-stop shop" designed to simplify investing in The Bahamas.”
The attraction of such capital is essential to economic growth. So too is the cultivation of another source of capital. Just as foreign direct investment is critical to national development, so is tapping into a wealth of Bahamian talent overseas and the economic resources of this talent currently resident abroad.
A country’s success in the global commons and marketplace is dependent on attracting a dynamic mix of financial and human capital from around the world. There is the story, perhaps apocryphal, about an employee in one of the Rockefeller brother’s firms who stared through a window year after year, seemingly accomplishing very little.
Exasperated and envious at the high salary the apparent daydreamer drew, with nothing to show for it, some employees complained bitterly and often to Rockefeller. Fed up with the relentless carping, the business titan unleashed a furious response: “That man gave me an idea once that made me millions of dollars. I’m waiting for his second idea!”
ARDUOUS
The search for good international talent is arduous and highly competitive. Even more developed countries with large pools to draw on vigorously compete for world class human capital. So must a much smaller Bahamas.
The College of The Bahamas engaged an international educational search agency to coordinate its search for a new president. As is usual in such searches, the process has taken some time and is relatively expensive. This is typical in the global hunt for prime talent.
A friend of a friend runs an international search agency that helps high-tech firms to find senior executives. With only three successful placements a year she earns nearly a million dollars. But her work is considerably harder than one might think. Still, her fees are a proverbial drop in the bucket as the incoming talent may earn their new firms many times the expenses incurred in the scouting process.
Quality education remains one of our primary developmental challenges. This includes general retraining for current Bahamian workers. It also includes educating and getting high level professionals and entrepreneurs to remain at or return home. This is no easy challenge for various reasons. But it is getting easier.
Asked about the reasons for the success of the Union Army in the U.S. Civil War, Abraham Lincoln had a quick reply: leadership. He was referring to the strategic and tactical brilliance of Ulysses S. Grant, who Lincoln found after firing general after failed general.
Lincoln intuitively appreciated that all other things being relatively equal, superior human capital is indispensable for great success. This is certainly the case in terms of what The Bahamas will need if we wish to be a regional and global centre of excellence in various areas.
Even as we address our problems, we should celebrate our success, championing Bahamians of excellence who combine native wisdom and world class abilities to meet and surpass international standards.
CHAMPIONS
Many of these Bahamian champions have been contributing to national development for some time, while others have more recently returned home. And, there are yet others who need to be identified and actively recruited in our search for top-notch talent.
Ian Hepburn and his Providence Technologies offer first class information technology solutions. Providence became the first Bahamian-owned company to manage the Ministry of Tourism’s web presence and is also the first Microsoft Gold Certified Partner in the country.
Dwight Higgs and his 20-year-old company, Superior Maintenance, has provided general contracting and hotel maintenance for numerous projects at Atlantis. His firm managed the construction of St. Anselm’s Church in Fox Hill, which is one of the finest built churches in the country, combining world-class artistry in its design and construction. It is a thing of beauty.
In recognition of his superior work and extraordinary generosity, Roman Catholic Archbishop Patrick Pinder recently dedicated “Higgs Way” at the new Aquinas College in honour of Mr. Higgs. Aquinas is but one of the many projects he has brought to life with great passion and dedication.
Today, our wealth of Bahamian world-class talent like Ian Hepburn and Dwight Higgs is being boosted by Bahamian talent overseas now returning home to make a good living as well as a contribution to national development.
An educator, fluent in French, and with a law degree and considerable international experience, Mrs. Joy Jibrilu returned to The Bahamas to help the country attract foreign investment. By her example she may also help to attract similarly talented Bahamians with global exposure.
Like Mrs. Jibrilu, there is an extraordinary pool of Bahamian talent overseas waiting to be tapped. Therese Turner Jones, a senior official at the World Bank and Dr. Darien Davis of Middlebury College, a Latin American scholar fluent in Portuguese, are both internationally recognized in their respective fields.
NECESSITY
An increasing number of Bahamian professionals are returning home for a variety of reasons. Necessity also being the mother of reinvention, some have returned to The Bahamas to take advantage of opportunities not as easily found abroad following the global economic meltdown.
Opportunities abound for Bahamians with the skill sets, including language skills, necessary to fill prime vacancies in areas ranging from international banking to environmental management services to graphic design.
Still, while some Bahamians may return home permanently, others may choose to capitalize on various opportunities as consultants, though remaining abroad. Yet others are hungry for investment possibilities.
So, just as the country vigorously pursues foreign investment, it should also pursue Bahamian capital overseas, both financial and human. But this cannot be done on an ad hoc basis.
It must be a deliberate, consistent policy, including the creation of an international data bank of Bahamians overseas interested in investing their time, talent and resources in a Bahamian economy exploding with extraordinary potential, despite the current economic difficulties.
Such an idea, of course, is not new. Indeed, a number of efforts are being made in this direction by public officials and private groups. What may be required is heightened cooperation and a more vigorous marketing and recruitment programme geared towards this offshore Bahamian capital.
In a future column we will explore ways that we can repatriate some of this overseas Bahamian talent and treasure to a growing and globalized Bahamian economy with much of its dynamism and potential yet untapped.
November 09, 2010
bahamapundit
by Simon
The Bahamas has various agencies dedicated to attracting overseas investments, including the Bahamas Maritime Authority which recently opened its third overseas office. Today, the country enjoys one of the more successful international ship registries. That success is measured by both gross tonnage and attention to high international standards.
Our diplomatic missions also promote The Bahamas as an attractive destination for international business and foreign capital. However, the country’s lead investment arm is The Bahamas Investment Authority. Its website notes:
“The proactive economic growth and development policies of the government of the Bahamas are guided by The Bahamas Investment Authority (BIA), established to "cut red tape and lay out the red carpet" for investors. Operating from the Office of the Prime Minister, the BIA has been designated as a "one-stop shop" designed to simplify investing in The Bahamas.”
The attraction of such capital is essential to economic growth. So too is the cultivation of another source of capital. Just as foreign direct investment is critical to national development, so is tapping into a wealth of Bahamian talent overseas and the economic resources of this talent currently resident abroad.
A country’s success in the global commons and marketplace is dependent on attracting a dynamic mix of financial and human capital from around the world. There is the story, perhaps apocryphal, about an employee in one of the Rockefeller brother’s firms who stared through a window year after year, seemingly accomplishing very little.
Exasperated and envious at the high salary the apparent daydreamer drew, with nothing to show for it, some employees complained bitterly and often to Rockefeller. Fed up with the relentless carping, the business titan unleashed a furious response: “That man gave me an idea once that made me millions of dollars. I’m waiting for his second idea!”
ARDUOUS
The search for good international talent is arduous and highly competitive. Even more developed countries with large pools to draw on vigorously compete for world class human capital. So must a much smaller Bahamas.
The College of The Bahamas engaged an international educational search agency to coordinate its search for a new president. As is usual in such searches, the process has taken some time and is relatively expensive. This is typical in the global hunt for prime talent.
A friend of a friend runs an international search agency that helps high-tech firms to find senior executives. With only three successful placements a year she earns nearly a million dollars. But her work is considerably harder than one might think. Still, her fees are a proverbial drop in the bucket as the incoming talent may earn their new firms many times the expenses incurred in the scouting process.
Quality education remains one of our primary developmental challenges. This includes general retraining for current Bahamian workers. It also includes educating and getting high level professionals and entrepreneurs to remain at or return home. This is no easy challenge for various reasons. But it is getting easier.
Asked about the reasons for the success of the Union Army in the U.S. Civil War, Abraham Lincoln had a quick reply: leadership. He was referring to the strategic and tactical brilliance of Ulysses S. Grant, who Lincoln found after firing general after failed general.
Lincoln intuitively appreciated that all other things being relatively equal, superior human capital is indispensable for great success. This is certainly the case in terms of what The Bahamas will need if we wish to be a regional and global centre of excellence in various areas.
Even as we address our problems, we should celebrate our success, championing Bahamians of excellence who combine native wisdom and world class abilities to meet and surpass international standards.
CHAMPIONS
Many of these Bahamian champions have been contributing to national development for some time, while others have more recently returned home. And, there are yet others who need to be identified and actively recruited in our search for top-notch talent.
Ian Hepburn and his Providence Technologies offer first class information technology solutions. Providence became the first Bahamian-owned company to manage the Ministry of Tourism’s web presence and is also the first Microsoft Gold Certified Partner in the country.
Dwight Higgs and his 20-year-old company, Superior Maintenance, has provided general contracting and hotel maintenance for numerous projects at Atlantis. His firm managed the construction of St. Anselm’s Church in Fox Hill, which is one of the finest built churches in the country, combining world-class artistry in its design and construction. It is a thing of beauty.
In recognition of his superior work and extraordinary generosity, Roman Catholic Archbishop Patrick Pinder recently dedicated “Higgs Way” at the new Aquinas College in honour of Mr. Higgs. Aquinas is but one of the many projects he has brought to life with great passion and dedication.
Today, our wealth of Bahamian world-class talent like Ian Hepburn and Dwight Higgs is being boosted by Bahamian talent overseas now returning home to make a good living as well as a contribution to national development.
An educator, fluent in French, and with a law degree and considerable international experience, Mrs. Joy Jibrilu returned to The Bahamas to help the country attract foreign investment. By her example she may also help to attract similarly talented Bahamians with global exposure.
Like Mrs. Jibrilu, there is an extraordinary pool of Bahamian talent overseas waiting to be tapped. Therese Turner Jones, a senior official at the World Bank and Dr. Darien Davis of Middlebury College, a Latin American scholar fluent in Portuguese, are both internationally recognized in their respective fields.
NECESSITY
An increasing number of Bahamian professionals are returning home for a variety of reasons. Necessity also being the mother of reinvention, some have returned to The Bahamas to take advantage of opportunities not as easily found abroad following the global economic meltdown.
Opportunities abound for Bahamians with the skill sets, including language skills, necessary to fill prime vacancies in areas ranging from international banking to environmental management services to graphic design.
Still, while some Bahamians may return home permanently, others may choose to capitalize on various opportunities as consultants, though remaining abroad. Yet others are hungry for investment possibilities.
So, just as the country vigorously pursues foreign investment, it should also pursue Bahamian capital overseas, both financial and human. But this cannot be done on an ad hoc basis.
It must be a deliberate, consistent policy, including the creation of an international data bank of Bahamians overseas interested in investing their time, talent and resources in a Bahamian economy exploding with extraordinary potential, despite the current economic difficulties.
Such an idea, of course, is not new. Indeed, a number of efforts are being made in this direction by public officials and private groups. What may be required is heightened cooperation and a more vigorous marketing and recruitment programme geared towards this offshore Bahamian capital.
In a future column we will explore ways that we can repatriate some of this overseas Bahamian talent and treasure to a growing and globalized Bahamian economy with much of its dynamism and potential yet untapped.
November 09, 2010
bahamapundit
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