Reform needed – PM Mottley
(Barbados Today) Prime Minister, Mia Mottley says gross under population is one of many major obstacles to the economic development of Barbados and the wider region which was in urgent need of reform.
In her assessment of the Region’s economy in San Juan, Puerto Rico during Wednesday’s Clinton Global Initiative (CGI) on the Caribbean Economy on Post-Disaster Recovery, Prime Minister Mottley charged that outdated development models, which need urgent reform, were stifling regional economies.
“We need to reverse the investment by industrialization model of the 50s. The development model must change,” said Mottley, who highlighted a number of key areas where the region continues to fall behind.
“The hidden secret of the Caribbean is that we are under-populated. When you look at Barbados, we are 430 squared kilometers. Singapore is about 670 and is 15 times our population. Guyana is the size of England, Scotland and Wales combined. They have 65 million people, Guyana has 780,000. Suriname is larger than the Netherlands, which has 17 million people, but Suriname has 580,000. I can go on and on and on. We have not changed the discussion; we have not changed the development model,” she charged.
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