The Barbadian success story: a case study of economic development in Barbados

Peer reviewed: 
No, item is not peer reviewed.
Date created: 
2013-04-17
Identifier: 
etd7694
Keywords: 
Barbados
Economic Development
SIDS
Good Governance
FinancialRegulation
Taxation Treaties
Abstract: 

Since independence, Barbados has enjoyed consistent levels of economic success beyond what is typical for a Small Island Developing State (SIDS). This case study investigates the causes of this success and identifies core principles which can be used as a model for SIDSs aiming to increase their economic growth. A combination of good governance; strong taxation treaties and government regulation; and a focus on niche luxury markets are found to have created the foundation of success in Barbados. These factors are shown to have led to the safe and stable environment on the island which has attracted investors and allowed economic activity to thrive. Following the analysis of the causes of economic success, the case study also evaluates the position of the Barbadian economy moving forward and highlights areas that require attention if growth is to continue.

Document type: 
Graduating extended essay / Research project
Rights: 
Copyright remains with the author. The author granted permission for the file to be printed and for the text to be copied and pasted.
File(s): 
Senior supervisor: 
Michael Howard
Department: 
Arts & Social Sciences: School for International Studies
Thesis type: 
(Project) M.A.
Statistics: