Book Note by Laron Alleyne Barbados and the Global Competitiveness Index 2016

Author(s): Central Bank Of Barbados

Created 06 Dec, 2016
Categories Book Notes
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According to the 2016-2017 Global Competiveness Index (GCI) report, Barbados remains the top ranking CARICOM country amongst the Americas and continues to excel competitively in terms of the strength of its education and health systems, superior labor market efficiency and technological readiness, Figure 1. The island’s strong institutional framework and infrastructure continue to lend critical support to the island’s competitive advantage over its regional peers in the America’s. Indeed, these core areas of competitive strength are such that Barbados has scored amongst the top 45 countries globally in terms of health, primary education and labor market efficiency; while it scored in the top 35 with respect to the quality of infrastructure and technological readiness.

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