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.
“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.