Fiscal and Monetary Policies in an Inflationary Economy
Valuation and Investment Theory
Investment Markets & Instruments
Complex Computer Analysis
Civil Law, mainly tort and trust.
English, Spanish , German and Mandarin
Areas of Expertise:
Analyzing Financial Statements.
Financial Growth in Emerging Markets.
Investment Strategies & Instruments.
Valuation and Investment Theory
Artificial Intelligence Analysis.
Civil Law, mainly tort and trust.
Awards and Recognition:
Award for economic studies in respect of Caribbean Prize in Comparative Economic Studies, the Urban Miller Institute.
March 12, 2001 Certificate for being a guest speaker at The Rotary Club of New Providence
October 25, 2000.Recognition by IBEX, Incorporated, a California-based computer company and a member of INTEL Incorporation IPD, for contribution to Convergent Technology, Distributed Artificial Intelligence and Quantum Nano Technology
October 23, 2000.Recognition by Salford Systems, a California-based technology company, for contribution to Convergent Technology, Distributed Artificial Intelligence and Quantum Nano Technology.
Chief Economic Advisor of the Bahamas Olympic Committee.
President of the Bahamas Federation of Archery.
Distribution of Income & Wealth - 1987
A Nation Unfolding - 1988
Industrial Organization - 1988
Labor Economics - 1989
Urban Economics - 1990
Comparative Economics - 1991
International Economics - 1992
The conflict constitutions and laud in the Caribbean 1992
Finance - 1993
Econometrics - 1994
An Inquiry into the Debt of a Nation – The International Debt Crisis and the Case of The Bahamas - 1995.
Economic Theory - 1995.
Economic Development - 1996
Monetary Economics - 1997
Fiscal Economics - 1997
Economic History - 1998
Nano Technology and Historical Intelligence - 1999
The psychological man 2002.
The effect of emotions 2003
Currently writing the second edition of Comparative Economic Theory to be published in 2013
Organizing International Reading Clubs, avid reader of genealogy, contemporary poetry writing, painting, reading Confucius, Plato and Aristotle, collecting antiquities, power-lifting (bench press @ 502 pounds; squat @ 850 pounds), javelin, gardening and skipping (jump rope), boxing, developing complex artificial intelligence system
People I admire and who have had the greatest impact on my life:
Grandmother, the late Serena Pinder Smith
The Hon. Hubert Ingraham, Prime Minister of the Commonwealth of The Bahamas
Sir Courtney Blackman, former Governor of the Central Bank of Barbados
The late Reginald Lobosky, former partner at Harry B. Sands, Lobosky & Co.
The late Kenneth Palmer, former partner of Xerox
Dr. Nicholas Liverpool, President of Dominica
Dr. Fidel Castro Ruz
General Toussant Louverture
The late Mother Teresa
Kevin Alcena , Ph.D., F.Inst. L.Ex., ACIArb, Chancellor of McHari International College
New Providence, Nassau, Commonwealth of The Bahamas
Date of Birth:March 8th, 1959
Place of Birth:Nassau, Bahamas
Raised by my lovely belated grandmother, Serena Pinder Smith; 7th generation Bahamian - Mother: Mrs. Dolly Smith Stevens, Hatchet Bay, Eleuthera; Father Valiere Alcena, M.D., M.A.C.P; Grandmother: Mrs. Serena Pinder Smith; Grandmother: Mrs. May Turnquest, Moss Island, Abaco; Grandfather: Mr. George Turnquest, Long Island; Great Grandmother: Mrs. Beatrice Nixon, Little Farmer's Cay, Exuma.
Profession: Economist; Lawyer; Author; Leading Columnist; Educator; Security Analyst; Arbitrator with the Chartered Institute of Arbitrators, UK; Fellow of the Institute of Legal Executives, UK; Artificial Intelligence Analyst; Executive Trust Administrator; and Philanthropist.Chief Economic Advisor to Wellington Miller, President of The Bahamas Olympic Committee; A member of the present Bahamas Olympic Cabinet; President of The Bahamas Federation of Archery.
1979 - Founded McHari International College, a non-profit post secondary educational organization.During the past 31 years, over 11,600 students have graduated and achieved various diploma and degree programmes. In addition, McHari International College has awarded $36 million in scholarship endowments by the Alcena Foundation to the Bahamian Society.
1990 - 2001 Launched the Developmental Skills Diploma Programme,which was registered and approved by the Bahamas Ministry of Education in 1992, headed by the late Mrs. Agatha Collie; the late Mr. Kenneth Palmer, former CEO of Bahamas Copier; and Mr. Kenneth Francis, C.B.E., former Publisher of The Nassau Guardian (1844) Ltd., along with 164 Bahamian teachers. I successfully organized a literacy programme for 600 young people, many of whom were involved in violent crimes.Through mentoring, providing positive role models and unconditional love, former gang members abjurated their criminal history and were taught educational skills.I adumbrated the consequences of persisting in their current lifestyle choices and assisted them through legal aid and job placement, free-of-charge. For example, one of the most notorious gang leaders of the Raiders in the late 1990s, Kelcy Lundy, took part in the Developmental Skills Diploma Programme. He was employed by Pepsi Cola Bahamas Ltd. (a job that I found for him) and worked himself up to Production Manager. He is now employed as Production Manager at Aquapure Bahamas Ltd. Kelcy is now married and owns his own home and apartments.
Many of the young people who completed the Developmental Skills Diploma Programme have gone on to become productive and successful professionals.I consider this to be one of my greatest achievements and contribution to the Bahamian society.
BS Statistics and Minor in Mathematics. ( First Class Honours).
LLB ( First Class Honours).
LLM International Law. ( First Class Honours).
Master of Science (M.Sc. First Class Honours) in International Trust Law & Administration. Justice Professor David Hayton [University of London] as Principal Adjunct Professor.
M. S. in Statistics.
M.S. In Quantitative Economics.
Lawyer (F.Inst.L.Ex) Fellow of the Institute of Legal Executives, London, United Kingdom with Second Class Honours.
Doctor of Philosophy (Ph.D.), Union Institute, Ohio. Development Economics: Public Finance and Fiscal Policies.
Doctor of Philosophy (Ph.D.), in Clinical Psychology.
Chartered Arbitrator, from the Institute of Chartered Arbitrators, London, United Kingdom, specializing in Debt Resolution.
Higher Diploma in Economic & Financial Forecasting, a post-graduate program at the Oxford Institute, with First Class Honours.
Scholastic Curricula of Achievements:
Designed the Developmental Skills Diploma Program, which was registered and approved by the Bahamas Ministry of Education in 1992.This program was designed specifically for government corporations and the hotel industry to train their employees from remedial to college level.Individuals were tested using the Standard Aptitude Test, which included English grammar, comprehension, spelling, vocabulary and mathematics.
Conducted Ph.D. research at the School of Economics, University of London, on the topic “An Inquiry into the Debt of a Nation – The International Debt Crisis and the Case of The Bahamas” – 30th June 1995.
Researched and developed the Multi-Exchange Currency Software Package for InFoTech.
Designed the first ever Anti-Money Laundering (AML)Program in The Bahamas, which was registered and approved by the Bahamas Ministry of Education dated May 2nd, 2001.The Office of The Attorney General [Bahamas] also endorsed the Anti-Money Laundering Program on March 20th, 2001.Participants were trained and certified from organizations such as the Central Bank of The Bahamas, Financial Intelligence Unit, Securities Commission of the Bahamas, among many offshore banks and law firms in the Bahamas.
Lecturers who participated in the AML Program are as follows: Mr. Charles H. Morley, President, The Morley Group Ltd. (world-renown compliance guru); Former Chief Investigator, U.S. Senate Permanent Subcommittee on Investigations (1980 - 1985) Former Special Agent, IRS Criminal Investigation Division (1969 - 1980) Arlington, Virginia; Mr. Hassanali Mehran, Former Senior Advisor at Monetary & Exchange Affairs Department, International Monetary Fund (IMF); Mr. Peter Charleton, Alternate Executive Director, Canadian/Irish/Caribbean OfficeInternational Monetary Fund (IMF); Mr. Frits van Beek, Former Assistant Director of the Immediate Office, Western Hemisphere Department, INTERNATIONAL MONETARY FUND (IMF); Ms. Pamela J. Johnson, Senior Anti-Money Laundering Coordinator, Division of Banking Supervision and Regulation, U. S. Federal Reserve System; Ms. Susan Lea Smith, Senior Trial Attorney, Asset Forfeiture and Money Laundering Section, Criminal Division, United States Department of Justice, Washington, D.C.; Mr. Jack Armstrong, Assistant Director, Office of International Programs, Financial Crimes Enforcement Network (FinCEN), Washington, D.C.
[The McHari Anti-Money Laundering Diploma Program, being the first of its kind in the Region, has been uniquely designed to provide both “tax haven” jurisdictions and non-“tax haven” jurisdictions with the benchmarked “Standard” manpower skills, professionalism and dexterity required in the management of both financial and non-financial institutions regarding anti-money laundering mechanisms.]
Designed the world acclaimed “Alcena’s Principles” currently used by McHari in the Bachelors and Masters degree programmes in Convergent Technologies and Distributed Artificial Intelligence.These programmes were registered and approved by the Bahamas Ministry of Education dated May 2nd, 2001.[The Alcena’s Distributed Artificial Intelligence Principles are aimed at bringing together divergent approaches from various sub-fields and other disciplines to resolve conflicting organizations.This programme is the first of its kind in the world and has been designed to assist with computational systems such as knowledge-based systems, or multi-agent systems that are impacted during problem solving or during communication.][The Alcena’s Convergent Technologies Standard recognizes the need for a collectivity approach by adopting the tools of human interaction – images, video, sound and text – and digitally transmits, stores, combines and manipulates all the approaches into ingenious ways that are still being discovered and perfected.This programme is also the first of its kind in the world, which would impact students and the business community by exposing new and exciting opportunities in communication methodologies.]
Designed McHari International College’s Counterterrorism programme.[The Certificate Course in Counterterrorism is the first of its kind to be offered in the world.This four-day conference has been designed to provide to intelligence agency personnel, police, customs, members of the Office of the Attorney-General, civil aviation security personnel, military and para-military personnel the edge they need to counter, respond, mitigate and envisage potential attacks.]
In 1996, founded the Institute of Legal Executives (ILEX), London, in the Bahamas.Coordinated agreement between ILEX and McHari College to offer the ILEX courses to prospective legal executives.
In 1999, negotiated partnership with Deloitte and Touche and McHari College to offer the Master of Science Degree Programme in International Trust Law and Administration through McHari.
In 1999, invited and organized visit of Mr. Geoffrey Shindler, Chairman of STEP International, UK to lecture to McHari's students.Subsequently, founded the STEP programme in The Bahamas.
Consulted with the House of Lords in England to invite the Rt. Hon. Lord Woolf of Barnes and the Rt. Hon. Lord Millet to deliver lectures in The Bahamas in December 2000.This was highlighted by Justice Joan Sawyer President of the Court of Appeal in the Bahamas.
Negotiated historic Articulation Agreements [signed for the first time with a Bahamian Institution] in the superior educational ambit between the McHari International College, a non-profit company duly incorporated under the laws of the Commonwealth of The Bahamas, and the following organizations:Ministry of Higher Education of the Republic of Cuba, as was established in the Marc Convene signed by both parties in the City of Havana, May 2002,The Higher Technical University "Jose Antonio Echeverria" in Havana City, Cuba on August 30th, 2006, Havana University, Havana City, August 2006.
Subsequent to receiving the above Articulation Agreements, McHari received a letter dated May 4, 2007 from theMinistry of Education, Science and Technology [signed by Dr. Leon Higgs, Director of Higher Education and Lifelong Learning] recognizing all of the degree and diploma programmes covered in the agreements, mainly the Bachelor's, Master's and Ph.D. Degrees offered by McHari College.[McHari has graduated over 11,000 students from its various programmes since 1979.]
2006 - Developed historic Bachelor's and Master's Degree Programmes in Clinical Pharmacy through McHari College and the Havana University of Cuba.These programmes were approved by the Bahamas Pharmaceutical Association on March 30th, 2007.
MI College held thehistorical graduationat Government House where over 400 Bahamian students graduated including Dr Myles Munroe. Additionally, 13 senior Police Officers (Superintendents and above) received their Masters Degrees. It has made the Bahamian Police Force the most professional in the world.
MI College is the first indigenous Bahamian institution to have been granted permission to offer the LLB, LLM and 12PhD programmes.
Published Articles written by Dr Kevin Alcena over the last 22 years
List of Articles published in leading Bahamian Newspapers: The Nassau Guardian 1844 Ltd., The Tribune and The Bahama Journal
Articles published inThe Bahamas-based newspaper, The Nassau Guardian 1844 Ltd.:
June 19, 1989 “Economic Implications of Proposed National Health Insurance Plan”
July 11, 1989 “Privatization and Its Implications for The Bahamian Economy”
July 24, 1989 “The Real Implications of a Latent Economic Crisis”
July 31, 1989 “The Cost of Subsidized Medicine Today in The Bahamas”
August 3, 1989 “Privatization: 21st Century Economic Solution?”
August 9, 1989 “The Public Finances of The Bahamas”
September 4, 1989 “Restoring Foreign Efforts to Aid the World Debt Crisis”
November 29, 1989 “Alternate Sources of Financing”
January 25, 1990 “Economic Issues of The 1990s”
February 9, 1990 “Why Income Tax Will Not Work In The Bahamas”
February 23, 1990 “National Health Insurance Could Help Avert Catastrophe”
May 22, 1990 “The Debt Situation of The Bahamas: Timing is everything”
June 14, 1990 “Betting on a National Lottery”
July 19, 1990 “Investing Can Be For Everyone: Investment Tips”
August 27, 1990 “Sensationalizing the Local Economic Situation: Politics and the Media”
November 27, 1990 “An Assessment of The Bahamian Economic Environment”
March 4, 1991 “Outlook of the Bahamian Economy in the Nineties”
August 3, 1991 “Reflections on Bahamian Development and Change”
October 25, 1991” Caribbean Integration - Where Does The Bahamas Fit In? (Part I)”
November 6, 1991 “Caribbean Integration - Where Does The Bahamas Fit In? (Part II)”
November 11, 1991 “Caribbean Integration - Where Does The Bahamas Fit In? (Part III)”
January 3, 1992 “The 1992 Budget - An Evaluation (Part I)”
January 15, 1992 “The 1992 Budget - An Evaluation (Part II)”
February 5, 1992 “The 1992 Budget - An Evaluation (Part III)”
February 18, 1992 “The Government and The Cable Beach Hotel: Simply Economics (Part I)”
February 25, 1992 “The Government and The Cable Beach Hotel: Simply Economics (Part II)”
March 4, 1992 “The Government and The Cable Beach Hotel: Simply Economics (Part III)”
April 13, 1992 “The Council of Economic Advisors (Part I)”
April 27, 1992 “The Council of Economic Advisors (Part II)”
May 11, 1992 “The Council of Economic Advisors (Part III)”
May 21, 1992 “In the Spirit of Change”
June 24, 1992 “Economics Made Sensational: The Media”
September 8, 1992 “In the Spirit of Democracy”
September 17, 1992 “Central Banking In the Sunshine (Part I)”
September 24, 1992 “35% In The Sunshine (Part II)”
October 5, 1992 “Outlook of Economic Development under the Sunshine Government”
October 26, 1992 “Investing In the Sunshine (Part III)”
February 8, 1993 “The 1993 Budget - An Evaluation (Part I)”
February 15, 1993 “The 1993 Budget - An Evaluation (Part II)”
June 11, 1993 “The 1993-1994 Budget - An Evaluation (Part I)”
June 15, 1993 “Budget points to economic turnaround for Bahamas”
June 21, 1993 “The 1993-1994 Budget - An Evaluation (Part II)”
July 26, 1993 “The Epoch of Caribbean Integration”
August 23, 1993 “Current Situation in the Caribbean (Part I)”
September 27, 1993 “A Market Oriented Economy for The Bahamas”
November 16, 1993 “Jump-Starting the Bahamian Economy: Possible Solutions (Part I)”
December 6, 1993 “Jump-Starting the Bahamian Economy: Continued Solutions (Part II)”
December 13, 1993 “Economic Development (Part I)”
December 20, 1993 “Economic Development (Part II)”
January 4, 1994 “Economic Development (Part III)”
January 31, 1994 “Finance (Part I)”
February 14, 1994 “Finance (Part II)”
February 24, 1994 “Monetary Economics (Part I)”
March 7, 1994 “Monetary Economics (Part II)”
March 9, 1994 “Letter to the Editor”
March 28, 1994 “Monetary Economics (Part III)”
April 4, 1994 “Monetary Economics (Part IV)”
April 20, 1994 “Economic Theory (Part I)”
May 9, 1994 “Economic Theory (Part II)”
May 24, 1994 “Tired of Petty Politicians”
May 24, 1994 “Economic Theory (Part III)”
June 7, 1994 “Social Desiderata”
June 13, 1994 “Let's save The Family”
July 1994 “Economic Theory”
July20, 1994 “Economic Theory (Part IV)”
July 24, 1994 “Fiscal Economics (Part I)”
August 8, 1994 “Fiscal Economics (Part II)”
September 5, 1994 “Fiscal Economics (Part III)”
September 12, 1994 “Fiscal Economics (Part IV)”
November 21, 1994 “Economic History (Part I)”
November 23, 1994 “Tomorrow for Bahamas Starts Today”
December 6, 1994 “Securing A Securities Market”
December 12, 1994 “Economic History (Part II)”
December 21, 1994 “Economic History (Part III)”
December 28, 1994 “Conflict (Part I)”
January 3, 1995 “Conflict: The Arguments (Part II)”
January 9, 1995 “Conflict: The Precedents (Part III)”
January 16, 1995 “Conflict: The Award (Part IV)”
January 24, 1995 “Bashing Exchange Controls in The Bahamas”
January 31, 1995 “NAFTA: Some Economic Issues for The Bahamas”
February 6, 1995 “Conflict of Interest - Or Vested Interest?”
February 7, 1995 “An Economic Opportunity: The International Advisory Council for The Bahamas”
February 21, 1995 “Some Thoughts on a National Lottery: An Economic Perspective”
February 28, 1995 “Mexico's Economic Crisis - A Bahamian Concern”
March 7, 1995 “Crime and Economics”
March 14, 1995 “The Empowerment of Women - A National Priority”
March 28, 1995 “Rethinking Education”
April 11, 1995 “Reforming the Customs Duty Act”
April 25, 1995 “The Ghetto Cry”
May 2, 1995 “Part I: The Black Crab Syndrome”
May 9, 1995 “Part II: The Black Crab Syndrome”
May 16, 1995 “Part III: The Black Crab Syndrome”
May 23, 1995 “Thoughts on an Independent Central Bank”
May 30, 1995 “Whose Life Is It, Anyway?”
June 6, 1995 “Where Is the Vision?”
June 13, 1995 “Securing A Securities Market”
June 20, 1995 “Care - Heed the Cry”
June 27, 1995 “Alcohol - The Monster Destroyer - Part I”
July 3, 1995 “Idena V. Burrows - Voice of the Workers”
July 5, 1995 “Alcohol - The Insidious Monster - Part II”
July 11, 1995 “Share Buying - Good Buy or Goodbye?- Part I”
July 17, 1995 “Share Buying - Good Buy or Goodbye?- Part II”
July 24, 1995 “Can The Bahamas Compete With Cuba?”
August 1, 1995 “Our Police and Their Social Contract with the Community”
August 7, 1995 “The Plight of Fiscal Policy in The Bahamas - Pt. 1”
August 14, 1995 “The Plight of Fiscal Policy in The Bahamas - Pt. 2”
August 21, 1995 “The Plight of Fiscal Policy in The Bahamas - Pt. 3”
August 24, 1995 “While They Cruise - We Lose”
August 28, 1995 “The Plight of Fiscal Policy in The Bahamas - Pt. 4”
September 4, 1995 “The Plight of Fiscal Policy in The Bahamas - Pt. 5”
September 11, 1995 “The Plight of Fiscal Policy in The Bahamas - Pt. 6”
September 18, 1995 “The Plight of Fiscal Policy in The Bahamas - Pt. 7”
September 25, 1995 “The Plight of Fiscal Policy in The Bahamas - Pt. 8”
October 2, 1995 “The Plight of Fiscal Policy in The Bahamas - Pt. 9”
October 16, 1995 “The Commission of Inquiry - Good or Bad Fall-out”
October 23, 1995 “Human Resources - The Legal Framework”
October 30, 1995 “White Man Don't Owe Me Nothing”
November 6, 1995 “Something Is Wrong! - Part 1”
November 7, 1995 “White Man Don't Owe Me Nothing - Response to Hubert D. Cash II”
November 13, 1995 “Something Is Wrong! - Part 2”
November 20, 1995 “Something Is Wrong! - Part 3”
November 20, 1995 “Responds to McCartney”
November 23, 1995 “Adding Fuel to the Fire”
December 4, 1995 “Is The Bahamian Dollar In Trouble?”
December 18, 1995 “Economics: Skating on Ice - In The Sun”
January 22, 1996 “It Does Not Add Up - Part 1”
January 30, 1996 “Part of the Equation”
February 5, 1996 “It Does Not Add Up - Part 2”
February 12, 1996 “Woman of the Century (Janet Bostwick)”
March 25, 1996 “Labour Economics - Part 1”
April 15, 1996 “Labour Economics - Part 2”
April 22, 1996 “Labour Economics - Part 3”
April 29, 1996 “Labour Economics - Part 4”
May 6, 1996 “Labour Economics - Part 5”
May 13, 1996 “Labour Economics - Part 6”
May 20, 1996 “Labour Economics - Part 7 (Conclusion)”
May 30, 1996 “Colossus of The Bahamas (Sir Kendal Isaacs)”
June 3, 1996 “Bank Secrecy - The Secret's Out”
June 12, 1996 “"Where Is The Line Drawn?"”
June 17, 1996 “The Unjustness of the Justice - Part I”
June 24, 1996 “The Unjustness of the Justice - Part II”
July 1, 1996 “The Unjustness of the Justice - Part III”
July 8, 1996 “The Unjustness of the Justice - Part IV”
July 15, 1996 “B.K. Bonamy - Nation's Friend”
July 22, 1996 “Economic and Social Doom?”
July 29, 1996 “The Law - A Profession Grows Up”
August 12, 1996 “All Hail The Conquering Heroes - And Heroines”