By Liliana Rojas-Suárez, Desmond Thomas, Editors
Symptoms aspect to the necessity for Barbados to opposite fresh losses in competitiveness in overseas markets, a problem that the rustic is thankfully good located to fulfill. during this e-book, specialists speak about the various facets of the problem and improve particular proposals for addressing the competitiveness problem dealing with Barbados.
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Additional resources for Barbados: Meeting the Challenge of Competitiveness in the 21st Century
Visible Trade for Barbados, 1985–2003 1600 1400 1200 US$ millions 1000 800 600 400 200 Imports Source: Government statistics. Exports 2002 2003 2000 2001 1999 1998 1996 1997 1994 1995 1992 1993 1991 1990 1988 1989 1987 1986 0 1985 Between 1990 and 2001, the total value of Barbados’ services exports increased by slightly over two-thirds, from US$650 million to US$1100 million. 9 percent for the same period (Table II-5). The lion’s share of the sector is comprised of travel and tourism, which together contributed 71 percent of the total value for the entire Copyright © by the Inter-American Development Bank.
First, while acknowledging the importance of the issues raised in these debates, we hold the view that, empirically, the competitive circumstances facing Barbadian enterprises at the broad national level today are substantially different from, and far more urgent than, those in which many of the ﬁrms had in fact emerged a few decades ago. In those early days, competitiveness issues both at the macro and the ﬁrm level were not treated as a matter of the highest priority. Given the then available means of transport and communications, the Copyright © by the Inter-American Development Bank.
These issues, of course, relate to the deﬁciencies in the labor market discussed above. Another prominent possibility for export diversiﬁcation within the services sector is the development of the information and communications technology (ICT) sector. ” Table I-7 highlights some indicators of technological development. Perhaps the largest advance by Barbados relative to other Caribbean countries is in the much lower Internet cost, which approaches the cost in industrialized countries. The use of Internet lines and the availability of telephone mainlines have also grown faster in Barbados than in the Caribbean region as a whole.
Barbados: Meeting the Challenge of Competitiveness in the 21st Century by Liliana Rojas-Suárez, Desmond Thomas, Editors