(Barbados Nation) Barbados’ model of development has been cited by a Harvard University professor as one of the best examples in Latin American and Caribbean.
Professor Michael Porter was addressing hundreds of business executives attending the Arthur Lok Jack Graduate School of Business’ Distinguished Leadership And Innovation Conference in Port-of-Spain, Trinidad and Tobago, a week ago.
Porter, whose expertise spans competitive strategy, economic development of nations and regions, and the application of competitiveness principles to social problems, said Barbados has been able to combine a number of important economic and social policies that contributed to making it one of the most competitive in the region.
The Harvard professor said that the entire Caribbean had a number of valuable assets that could increase their competiveness, including location, climate, proximity to North and South America, and the fact that most of the countries were English-speaking.
“These endowments can lead to wealth but the question is how to build on these endowments,” he said.
