Category Archives: Barbados Economy

A Heather Cole Column – Barbados: Politically Independent Country-Economically Dependent People

I may have finally understood the concept of independence in Barbados. It is of a country which gained political independence from Great Britain in 1966 but somehow the teetered yoke of dependence remains firmly affixed to the necks of its people. I hope the sociologists and political scientists from the UWI will weigh in on this one. We have had

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Sagicor and Scotiabank Signal the Caribbean Market

The blogmaster received several messages yesterday from members of the BU family whicch highlighted two financial transactions choking local, regional and some internation newsfeeds. The decision by Scotiabank to shed operations in nine Caribbean islands should hardly be a surprise to those who make it a business to keep ears to the ground. The region has become a hot mess

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Fault Lines: Life, Debt, Default and a Failure to Invest

The following blogs authored by a young Barbadian Economist Simon Naitram who is currently an assistant lecturer at the University of the West Indies while pursuing a PhD from the University of Glasgow (featured image: Simon Naitram) David, Barbados Underground Life, debt, and now default. Barbados has reached the final stage of its illness. This isn’t our sob story. This is

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Barbados – More About Pig-food Than Paideia

Submitted by Pachamama The Black-African trained, philosopher, Plato concluded that Greek education was only ‘fit for pigs’. Another Greek, Socrates, also educated in Kemet, considered paideia, or deep education, as singularly worthwhile. Both Plato and Socrates were educated for decades at the feet of Black-African scholars. From the Pre-Dynastic Period to the 30th Dynasty, these were the inventors of the

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LIFO Trumps PDRS

The decision to to retrench public workers based on LIFO has provoked comment by some who are questioning why has the PDRS- a performance based system- not been used to fairly release employees. What the blogmaster has been told is that the government has not been able to fully implement it throughout the Public Service in over 10 years. Dare

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The Jeff Cumberbatch Column – A Fair Retrenchment II

“Why aren’t layoffs taught as a subject at business school?” Robin Astrigo asked himself. “Boards expect executives to do them well, but nobody knows how.”- “The Layoff”- Harvard Business Review [2009] As the phenomenon of retrenchment shifts focus from central government employees to those in the state-owned enterprises (SOEs) and, inevitably to those in the private sector, last week’s column

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