The following is a comment which BU posted in April 2011 and remains relevant today. What can Barbados do to mobilize interest in the local Barbados Stock Exchange (BSE)?
The decision by the Department of Management Studies of the University of the West Indies to compile the Caribbean Stock Report is to be commended. Regrettably the report has not generated a national conversation which begs the question, why. Perhaps there is a ‘financial illiteracy’ which plagues a population which can boast of billions spent on education in the post Independence period.
BU believes local media has an important developmental role to educate the public it serves. It is not too late for local media to collaborate with the Department of Management Studies at UWI, Cave Hill by using the Caribbean Stock Report as a jump-off point to achieve such an objective. In fact it fits well with the strategy of Starcom to roll-out a Caribbean radio station.
It is ironic the ‘noise’ which is created about freedom of movement as a key driver for regional integration. However there is a comparative silence about the other drivers, e.g. building frameworks for regional trade and a financial market.