'Downside risk' decision making harms Bahamas over innovation

Thu, Nov 18th 2010, 10:00 PM

By NEIL HARTNELL

Tribune Business Editor

The Bahamas' "ability to innovate and modernise this economy" is being held back through a tendency to "make decisions based on downside risk, not upside potential", the Bahamas Chamber of Commerce's president warned yesterday, urging this nation to revisit industries such as agriculture and LNG to get commerce moving.

Khaalis Rolle told Tribune Business that the Bahamas needed to stop "playing and toying" with industries such as liquefied natural gas (LNG), which could provide totally new avenues of economic opportunities, and focus just as much on the potential benefits they might bring as opposed to the negatives.

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