Business
BEF: Working to create create the new competitive Barbados
Few countries in the world have the potential that Barbados does to reach the top tier of most Competitive Countries in the world.
Barbados is now ranked at # 44 (down 2 places from 2011) in the latest World Economic Forum’s Global Competitiveness Index.
The immediate challenge facing Barbados is moving from a Transition Economy to an Innovation Driven Economy – the space the winners occupy. Cyprus, Malta and Singapore, all small islands, have already achieved that status.
Barbados is striving to get in to the top 20 of the World Economic Forum’s Global Competitiveness Index by 2020.
Despite the very stiff head winds, now is a time for belief in ourselves and for taking positive strategic structural actions to put us back on the growth path. We must collaborate as never before to turn the tide. This is a national priority that crosses all political party lines.
Barbados Entrepreneurship Foundation (BEF)’s Vision is to make Barbados the # 1 entrepreneurial hub in the world by 2020. BEF, a registered Barbados Charity, works closely with its many strategic partners in all sectors of the economy.
We identify where the entrepreneurship ecosystem is weak and needs improving and then, working with the right partners, we seek to close the gap through appropriate actions. Our approach is collaborative and with an ethos of action and effectiveness. We seek to eliminate duplication and silos.
