Barbados Competitiveness Survey

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 […]

By Peter N. Boos

August 9, 2013

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.

Download report

Peter N. Boos

Chairman Emeritus Ernst & Young Caribbean (since 2004); Founding partner Business Barbados publication (1999) and the Barbados business web portal BusinessBarbados.com (2009); Co-Founder, Chairman and CEO Substance Abuse Foundation Inc. (1996 to date); Founding Sponsor (2009) and First Chairman (2009-2014) Barbados Entrepreneurship Foundation Inc.; Founder of the Peter Boos Foundation (2004), (supporting youth development, entrepreneurship, education, addiction treatment, environmental protection, arts & culture development, relief of poverty and support of various community and charitable causes); Founder, Patron and first chairman ASPIRE Foundation (Barbados) Inc. - 'helping charities help' to strengthen and expand the Barbados Third Sector (2014 to date).

Get business updates

Sign up to get the latest articles, case studies, company news and more.

Latest Edition

Latest Edition
Business Barbados 2020
Barbados Delivers
View eBook