Published On: Mon, Jul 21st, 2014

VBC: “Downward spiral Curacao bad for economy”

WillemstadWILLEMSTAD – “Due to the increasing insecurity which is also becoming increasingly violent and harder, there are less and less willing investors and entrepreneurs to develop new economic activities,” the Curaçao Business Association (VBC) reports.

“The deadly shooting at Hato is yet another low point.”

According to the association, we must not forget that society has long been "harassed and intimidated" by robberies, thefts and other illegal practices. As a result, there is less invested in Curacao. Investors prefer to settle elsewhere.

“The deterioration in the level of education and services, declining labor productivity, increasing costs of doing business and inflexible markets contribute to this,” the VBC reports. The business climate for investors is also negatively affected by the fragmentation of values, such as integrity, discipline, hard work, and show respect for others. “Safety, legal security and other above mentioned points are important pre-conditions that must be met in order to promote economic growth.”

According to the VBC everything indicates that criminals are becoming increasingly professional. “In order to provide an adequate counterbalance, it is essential that professional and skilled people with vigor are enabled. If this island cannot produce these people, then we must hire them from somewhere else. The drastic reduction of gun ownership must become one of the top priorities.”

According to the association, more jobs for the youth must be created. “They need a positive outlook.” The VBC is convinced that economic growth is an important instrument to tackle crime.

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