At the beginning of the 1980s, the Barbados government made a policy determination that despite the country’s small size, it could leverage its international reputation for strong democratic traditions, prudent economic management, excellent quality of life and a 98% literacy rate to turn this Caribbean tourism gem into an international business centre of choice.
Although tourism continues to provide the main source of foreign exchange, economic activity and employment, Barbados is home to more than 7000 international business entities, ranging from information technology to financial services, and the outlook is promising as international investment continues to increase. The country also is popular with small and medium-sized corporations looking to outsource or expand.
