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. Continue reading