Grenada has a largely tourism-based, small, open economy. Over the past two decades, the economy has shifted from one of agriculture-dominant into that of services-dominant, with tourism serving as the leading foreign currency earning sector. The country's principal export crops are the spices nutmeg and mace (Grenada is the world’s second largest producer of nutmeg after Indonesia). Other crops for export include cocoa, citrus fruits, bananas, cloves, and cinnamon. Manufacturing industries in Grenada operate mostly on a small scale, including production of beverages and other foodstuffs, textiles, and the assembly of electronic components for export.
Economic growth picked up in the late 1990s following slow growth and domestic fiscal adjustment in early years of the decade. Despite an expansionary fiscal policy, the public debt remained moderate at around 50 percent of GDP as deficits were financed partly by privatization receipts. Since 2001, economic growth declined caused by adverse shocks such as a slowdown in the global economy and natural disasters. To deal with the shocks, fiscal policy became more expansionary while privatization receipts declined. As a result, public debt increased sharply to near 110 percent of GDP in 2003. Economic conditions worsened when Hurricane Ivan hit the country in September 2004; progress in fiscal consolidation was impeded as government revenues fell and policy priority was shifted to post-hurricane relief.
Grenada (i/ɡrɨˈneɪdə/) is an island country and Commonwealth realm consisting of the island of Grenada and six smaller islands at the southern end of the Grenadines in the southeastern Caribbean Sea. Grenada is located northwest of Trinidad and Tobago, northeast of Venezuela, and southwest of Saint Vincent and the Grenadines.
Grenada is also known as the "Island of Spice" because of the production of nutmeg and mace crops of which Grenada is one of the world's largest exporters. Its size is 344 square kilometres (133 sq mi), with an estimated population of 110,000. Its capital is St. George's. The national bird of Grenada is the critically endangered Grenada Dove.
Grenada was first sighted by Europeans in 1498 during the third voyage of Christopher Columbus to the new world. At the time the indigenous Island Caribs (Kalinago) who lived there called it Camahogne. The Spaniards did not permanently settle on Camahogne. The English failed in their attempt at settlement in 1609.
Christopher Eric Hitchens (13 April 1949 – 15 December 2011) was an English American author and journalist whose career spanned more than four decades. Hitchens, often referred to colloquially as "Hitch", was a columnist and literary critic for New Statesman, The Atlantic, The Nation, The Daily Mirror, The Times Literary Supplement and Vanity Fair. He was an author of twelve books and five collections of essays. As a staple of talk shows and lecture circuits, he was a prominent public intellectual, and his confrontational style of debate made him both a lauded and controversial figure.
Hitchens was known for his admiration of George Orwell, Thomas Paine and Thomas Jefferson, as well as for his excoriating critiques of various public figures including Mother Teresa, Bill Clinton, Henry Kissinger and Diana, Princess of Wales. Although he supported the Falklands War, his key split from the established political left began in 1989 after what he called the "tepid reaction" of the Western left to the Rushdie Affair. The September 11 attacks strengthened his internationalist embrace of an interventionist foreign policy, and his vociferous criticism of what he called "fascism with an Islamic face." His numerous editorials in support of the Iraq War caused some to label him a neoconservative, although Hitchens insisted he was not "a conservative of any kind", and his friend Ian McEwan describes him as representing the anti-totalitarian left.
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Business Files, January 5th, 2010 - The Grenada Economy
The Grenada Economy under the Minister of Finance, Nazim Burke
Grenada Economic Plan - Hon. Tillman Thomas (Town Hall Meeting - Trade Centre 8th Sept. 2011) PT .1
Grenada: Going Global
Axcel Finance Official Launch in Grenada with PM Mitchell
Making Chocolate in Grenada | EX-PATS™ Ep. 8 Full | Reserve Channel
Grenada (Caribbean) Saint George's / La capitale de Grenade, St George's
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MaximsNewsNetwork: GRENADA HURRICANE RECOVERY & SEA LEVELS (UNTV)
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