Global economist sees hope for Barbados

An expert on the global economy believes Barbados has what it takes to pull itself out of its economic troubles.

Visiting Dean of the Leonard N. Stern School of Business in New York Dr Peter Blair told Barbados TODAY while there are no quick fixes to the island’s current economic struggles, he expects Barbados to make a recovery.

“I do see hope for Barbados. Barbados is a remarkable country that has invested in its people and is on the verge of its 50th year of Independence,” the economist said.

Dean of Stern University Dr Peter Blair

“There are some tough things which probably have to be done . . . but the combination of accumulative human skill, no matter what happens in the short term, that will remain.

“The question is ‘how do you get as quickly and responsibly as possible from a place where you have to make some sacrifices, to a place where you can unleash once again the power of that human spirit to drive productivity, business and investment?’,” he added.

Dr Henry will be the guest speaker at the Central Bank’s second Caribbean Economic Forum on March 19.

During his two-week visit to the island, he will also participate in a range of activities, including a media event, seminars for the Cave Hill School of Business and the Management Studies Department of the University of the West Indies, Cave Hill Campus, as well as meetings with government officials, policy makers and Barbadian and Caribbean economists.

11 Responses to Global economist sees hope for Barbados

  1. Santini More
    Santini More March 14, 2015 at 4:58 pm

    If we are on the road to recovery then I hope that the next assessment from the international Ratings Agencies reflect this. Ministers, visiting guests of the Central Bank and old Uncle Cobbley can say what they want, until the Moody’s of the world start to rate our economy more positvely, we will struggle to attract significant Direct Investment from overseas…As for the majority of Bajans, I wonder how many of us are feeling anything positive happening in the economy and in our purses / wallets?

  2. Arther Lashley March 14, 2015 at 6:35 pm

    The smile says it all. Would you buy a used car off this man.

    Guest speaker.
    So he is hardly likely to “come to dinner” and say the food is crap.

    Gimme’ a break,why print garbage like this?

    Barbados cannot sink below the sea, so it has to SURRVIVE.
    The question is AS WHAT?
    Further will WE want to be part of it.!!

    Go home Dean , take your platitudes with you.

  3. Heather Cole
    Heather Cole March 14, 2015 at 7:54 pm

    This must be a joke. He had so much to say yet he could not state when that hope would be realized or what would make that hope be realized. He is just making blanket statements.

  4. Alex Alleyne March 14, 2015 at 8:58 pm

    SIMPLE…….There is always HOPE for everyone with the right programmes in place.

  5. Veroniva Boyce
    Veroniva Boyce March 15, 2015 at 6:24 am

    Barbados economy would of been ok if: loans borrowed were paid back, all businesses paid their taxes, collection of all land taxes, put funding into agriculture, stiff penalties for larceny, light

  6. Alex3 March 15, 2015 at 7:31 am

    To paraphrase the good book “without hope the people parish” so there is always hope so no news there.
    As to investing in its people, from what I read on these pages, 3000 folks have been sent home from government jobs, severances are not being paid, tax refunds are not being paid out, pensions are not being paid out, ridiculous formulas are being used to tax people unreasonably for waste management and things that would entice tourists to come such as road improvements, garbage on the streets, in the parks and along the seafronts is at its worst. Tourists mean jobs yet investors such as Butch Stewart have to fight their way onto the island to do it some good.
    I am confused.

  7. Heather Cole
    Heather Cole March 15, 2015 at 8:41 am

    He smart though. He never identified the problems. It would have been embarrassing. He is one vague economist.

  8. Steve Jemmott
    Steve Jemmott March 15, 2015 at 9:22 am

    Why is it that with most bajans suffering so badly and all these foreign eyes and consultants seeing light at tunnels, hope and prosperity ? Not even the Govt. can’t see any glimmer! is quite “abvias” that we have what it takes because we int getting nothing from them but talk!

  9. Heather Cole
    Heather Cole March 15, 2015 at 10:07 am

    Steve Jemmott A little and I expected him to mention dreams, wishing wells, crystal balls and magic wands. Clyde Mascoll and Owen Arthur to the rescue!

  10. babsie March 15, 2015 at 12:02 pm

    Dr Blair – you knoweth not, the time or the day when MR HOPE will appear/arrive in Barbados.

  11. Alex3 March 15, 2015 at 1:04 pm

    After posting this morning I went for a walk and notices a E class Mercedes which is a car costing well over $100,000 BDS and if armoured close to $500,000 BDS with a white on green plate starting with MP.
    Seems to me that there should be leadership here between members of parliament and the government starting with less ostentatious vehicles.


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