And when the OAS under an extremely bold secretary general, Luis Almagro, tries to bring the organization toward acknowledging that Venezuela is no longer in compliance with the Inter-American Democratic Charter, he is not getting the complete support of the hemisphere, and undoubtedly much of the Caribbean Basin has actually not accompanied that. And if you line up the votes, who enacted favor and who abstained, you can do a quite simple one for one contrast based upon who is a member of Petrocaribe. And so the implication of your question I believe is spot on, you understand, which is why I believe when we discuss the Caribbean in Washington, frequently we believe about it in the context of, you know, island nations or programs or social advancement, and all of these are really, very important problems.
And the dividends settle down the roadway when Venezuela itself remains in the spotlight of the worldwide community. Then they have good friends that they can count on and it pays dividends for them - How to finance an engagement ring. So I believe that at the end of the day that is a lesson honestly that we can discover, and I think we can construct towards reversing that course. Ms. Yearwood. I concur one hundred percent with Eric. Venezuela stepped in at a time that was extremely important for much of the region and now the region is very much paying the cost, whether it is in financial obligation or other locations associated with votes and other requirements that they do as a result of the-- Mr.
Increased costs in energy too now. Ms. Yearwood. Sorry? Mr. Sires. A boost in the expense of energy likewise. Ms. Yearwood. Oh, absolutely, definitely. And so I believe to the point, we are at a crucial point now with the cost of energy being what it is with the U.S. energy supply going up and the region taking a look at methods to increase sustainable energy, whether it is through natural gas or getting the region less reliant on Petrocaribe and able to make these switches to new kinds of energy is going to make a huge distinction. Mr. Sires. See, I don't think things take place by accident.
The other concern that I have is the substantial boost of China in this region. You know, we appear to be Have a peek here put to a lull of sleep or something since everybody appears to relocate and then we respond. And we do not appear to capture these things up until something like this happens, you understand, like Venezuela. So regrettably, you know, given that I have actually been here we have been pushing-- and I know Mr. Meeks and the other members that are here, you know, this is an important region for us. It is an important area for America and we actually ought to concentrate.
They are going to go through the Panama Canal and they come in and they toss cash, you know, at these little countries, which in truth they can't pay for not to https://www.inhersight.com/companies/best/reviews/people accept the money. So just how much of impact exists now of the Chinese? And I understand it is growing, however-- Ms. Yearwood. The Chinese impact, cancel bluegreen timeshare it is in fact really fascinating to watch the method China has sort of entered the area and the kinds of projects. In some cases it is a sports stadium - How to become a finance manager at a car dealership. I believe the recent, the Baha Mar ordeal in the Bahamas, you have seen the Chinese Federal government can be found in in a manner that the U.S.
If a Chinese designer comes into a nation in the area they have the Chinese funding and the Chinese Government behind them. Mr. Sires. And the employees. Ms. Yearwood. And the employees. Therefore you have actually efficiently got a bundle that the U.S - How to finance a home addition. can not-- the Foreign Corrupt Practices Act and all sorts of other reasons, the U.S. can not compete in terms of the kinds of investment that they are able to take in without type of needing to do the due diligence behind it. And it is very welcome in a lot of places, but what Baha Mar has shown us is that it can develop an extremely difficult situation for the countries where they go.
Farnsworth. I think Sally raises an actually interesting and important point in this context. What is internal rate of return in finance. You know, the Chinese or Venezuelan design is a state-led design, so the capital of the country, the leaders in the country can state this is what we are going to do. We are going to produce 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 economies, island nations, and in comparison of other financial investment opportunities in other countries in Latin America, much less around the world, these are economies that normally aren't going to draw that large investment except in a couple sectors like tourist like we have been speaking about. What the onus has to be is to discover methods to clear and establish a smooth economic area between the U.S. and the Caribbean so that economic sector capital can work. There are opportunities. Finally, I would state that the Caribbean is ending up being a much more complicated location because of the modifications in policy toward Cuba, the cross-cutting trade arrangements such as CAFTA, et cetera, and we need to consider the Caribbean now in a broader sense. In regard to Haiti, I think really essential is its ongoing integration with the English-speaking Caribbean, because these are well established democracies and it is an economic area which holds chances for Haiti and there is now quite a great deal of Caribbean investment going into Haiti and vice versa.