I am curious. Is there going to be any diversification of this economy? Seems to be the same tune all the time.
For all the years Barbados Underground has been in existence the recognition that there is an uncomfortable dependence on tourism has been discussed. Every election cycle aspiring politicians follow the script by promising all things pie in the sky. However no fundamental change has taken place since the Tom Adams era – he died in 1985, thirty four years ago.
Last week the Barbados International Business Association (BIBA) celebrated international business week October 20 – 26, 2019. Out of the several discussions held mention was made of the Estonia and Rwanda experience.
In just over 20 years Rwanda has transformed how it does business after being a strife torn country with the genocide (Tutsis and Hutus). A simple explanation is that they worked successfully to change the mindset of the people.
Estonia has also been held up as a beacon of success post the breakup of the Soviet bloc. The world has witnessed the leadership of that country transition Estonia to a foreign system of government. It is considered the model digital society.
Why have these two countries been able to translate a vision to action?
There has to be a realistic vision that will resonate with the local population.
Then it is left to the leadership stupid!
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