The Barbados Economy - The Road to Prosperity

19 Pages Posted: 7 Dec 2017

See all articles by DeLisle Worrell

DeLisle Worrell

Central Bank of Barbados; Retired

Date Written: October 18, 2017

Abstract

The Barbados economy is dynamic and internationally competitive, led by a private sector that demonstrates remarkable enterprise and innovation, from our largest and most successful firms to youth entrepreneurs of outstanding promise. But our public sector is living beyond its means and its low productivity is a drag on investment. Reduced Government spending and forceful measures for public sector reform are the key to arresting foreign reserve losses and securing the exchange rate anchor. This fiscal policy will restore international market confidence in the economy, improve domestic trust in Government institutions and policy and advance the economy in the international competitiveness rankings.

Keywords: Barbados economy, macroeconomic policy

JEL Classification: E5, E6

Suggested Citation

Worrell, DeLisle, The Barbados Economy - The Road to Prosperity (October 18, 2017). Available at SSRN: https://ssrn.com/abstract=3081679 or http://dx.doi.org/10.2139/ssrn.3081679

DeLisle Worrell (Contact Author)

Central Bank of Barbados ( email )

PO Box 1016
Spry Street
Bridgetown
Barbados
2462564155 (Phone)

HOME PAGE: http://www.DeLisleWorrell.com

Retired ( email )

Glenisla
Fisherpond
St. Jospeh BB21000
Barbados

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