Businessbarbados.com conducted a survey in July / August 2013 of its subscribers on the Competitiveness of Barbados.
There are few living in Barbados today who are oblivious to our severe economic plight. The survey is an attempt at getting opinions about our economy and the solutions for growth for the common good.
The report contains our analysis of the survey responses as well as 3 appendices with extracts from the many submissions received. The recommendations made by you were quite consistent so the conclusions are perhaps not surprising.
The problem Barbados faces is very poor Implementation or what is now referred to as our Implementation Deficit Disorder.
This is potentially a terminal disease and has been identified as a serious problem for many years.
The report therefore concludes with some strong recommendations on how to achieve implementation to tackle our competitiveness challenges.
To get beyond ‘just another report to add to the existing pile’, Barbados must put in place a new structure with external help to implement the urgent structural changes needed to transform the economy in to one which is truly globally competitive and growing through exports. Obviously any implementation mechanism agreed must have wide acceptance by key stakeholders.
The more people who read the report, the more likely it will be that effective action will be taken, so please share with your networks.
We must all work hard to support our Government and all the Social partners and key stakeholders in getting the needed changes implemented.
It is a tough challenge but if we lend support to a bi-partisan effort much can be achieved quickly.
Is is not a time for blame (we are all responsible), its more a time for leadership, integrity and effective action.
It is certainly a situation where we need all hands on deck.
Your additional comments and suggestions are welcomed. Please feel free to comment below.