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Posted by on in General

History is awash with examples of economic paradigm shifts. I don’t want to go too far back, but one can easily recall the dismantling of the British Empire. There are always those who will benefit and those who will not with each paradigm shift.

With the failure of Arcelor Mittal in Trinidad and Tobago and the retrenchment of so many employees in other companies we often hear about the statistics. We look at the numbers and wonder what the effect on the GDP would be. How will that affect my business? What is the country’s unemployment rate? What is the effect on foreign exchange earnings? Will the price of steel now be higher? Etc. etc.

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Tagged in: business government
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