As a small open economy, as with all others, Barbados is easily
impacted by the headwinds of the developed world. Exogenous
variables are a reality. While we agitate on the global platform
for favourable outcomes, we have always continued to determine our
destiny through education, innovation, adaptation, and thought
leadership.
Since becoming independent in 1966, Barbados has recognised the
inherent difficulties in building a thriving economy on the basis
of selling commodities on an international market subject to the
vagaries of geopolitics and market forces. The global business
sector is a vivid example of a cadre of professionals surveying the
global landscape and recognising that our sustainability lay in the
provision of high value services to a sophisticated and mobile
global clientele. This business model was enabled by legal
structures put in place by the Government of Barbados in the early
1970s as part of the island's economic diversification efforts
away
