Where has Bim’s “Pride and Industry” run off to?
There was a post at BFP written by the good sir Mr. Caleale Goodridge, and he made a good attempt at mapping out how Barbados can structurally overhaul its economy through productive industries such as manufacturing agriculture, and by owning domestic corporations. To be honest, Bim’s economy as well as her bureaucratic and political systems should have been restructured a long time ago. With all the “education” and “leadership in competence” we boast of here in Bim, the nation would have already been well on its way to achieving a standard of living reminiscent to that of Luxembourg, New Zealand, and Iceland combined!
“What doesn’t help our situation either is that there is an over-saturation of other economies within the Caribbean market that are avidly competing with Barbados in two of her major economic platforms; tourism and offshore banking.”
If we had truly competent leaders, the nation would have no external debt and we would have quite the substantial Budget surplus by now. Had we politicians that scrutinized and closely oversaw the sectors that are essential to our nation’s economy through preemptive and strategic means that could have enabled mutual flexibility on part of domestic and foreign markets is a plan long overdue to the people of Bim.
We must be more than tourism and banking… but that takes a different leadership vision
In other words the Government of Barbados should have pushed to establish the nation’s economy through heavy emphasis on the domestic such as through agriculture, fisheries, and strategic tech & luxury brand manufacturing, private/business assembly and aerospace manufacturing, renewable energy, pharmaceuticals, telecommunications, ICT technologies and domestic brand/owned tourism as well as building domestic owned finance/institutions.
Had we done so, coupled along with forging strategic diplomatic ties with key regional members in both the Caribbean and Latin America should be Bim’s first priority.
We’re bordered by the Caribbean region, Central America, And South America, and Mexico to a lesser extent. Not to Mention that Africa is right across the Atlantic and offers yet another large source of wealth and mutual business opportunities for Barbados.
What this article fundamentally gets at is that there seems to be an increasingly corrupt and exploitative relationship between Bim vs. America, Canada, & the U.K. when it comes to Bim trying to establish truly beneficial trade and economic agreements. However, that cannot be sustained as these economies are showing signs of growing mature thus equating to low market growth.
Hell, if we had a government that was truly competent and aware of what needs to be done; we Bajans would also see a massive overhaul in our education system and will see the inclusion and emphasis on the mathematics and sciences as well as through key languages such as Spanish, French, Portuguese, and even German to a lesser extent.
That is, since you take peoples arguments at face value and don’t even bother to make a determination that would prove otherwise. Other than that, you’re just a tool that regurgitates nonsense and is blindly fixated on the idea the tourism industry is currently a sustainable one for Barbados. What doesn’t help our situation either is that there is an over-saturation of other economies within the Caribbean market that are avidly competing with Barbados in two of her major economic platforms; tourism and offshore banking. Not to mention that the global financial woes that’s gripping the global economy is also placing a highly pressurized strain on our economy.
Look at the facts my fellow Bajans: it’s time that Barbados started acting in her own favour for a change in order to safeguard her economic future. This doesn’t equate to not being able to be flexible by making proper provisions to accommodate the global market without having to needlessly sacrifice our nation’s economic capacities.