The story was inspiring to hear how one corporate citizen could leave their office to get on the line to investigate the needs and demands of their workers; valuing them as it were, beyond mere cogs. But the tag of the price for the amount of changes struck me. Whether dollars or Euros, a $50,000 price tag, and I still wonder per what unit, though I suspect it is for the plant sent me thinking and searching..."How is that price tag so cheap? Why is it not some multi-million dollar price tag along the numbers called for the most cursory and silly changes as one hears in Trinidad and Tobago?" My thought was "Fifty thousand? A mere fifty thousand against all the millions and billions I hear in Trinbago?"
So I googled 'is there research that shows that everything is priced higher and cost more in developing countries/banana republics?' And this is two separate questions. As an Economist, it is well known that prices and transaction costs are higher in developing countries. But the other question was intentional price inflation as a means to corruption and theft as the underlying theory to price theory in banana republics.
The results were interesting/and one in particular that switched roads on my search immediately as it focused on conditions within real Banana producing republics
...which proves to show that you can scratch the surface of the banana republic and a dozen huge earth shattering problems, issues and crises spill out....I shall continue to research my thesis that thieves and opportunists abound to and in banana republic and if a spoon costs a penny in Germany it will be charged and priced at $1000 in Trinidad and Tobago.
to be continued...
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