Rethinking the role of the agriculture sector in the economic development of Barbados "Some emerging challenges"

The role of the agriculture sector in the economic development of Barbados has been substantially reduced as the country has continued on a path of economic diversification. Policy initiatives aimed towards this notable structural change in the economy, however, have subsequently resulted in a significant decline in output from the agriculture industry. However, recent global and national challenges have brought the need to rethink the relevance of the agriculture to the fore. This paper reviews some of the prevailing literature pertaining to the role of the agriculture on economic growth and development. In doing so, the potential scope of the industry for the overall economic growth and development of Barbados should be revealed. The paper also highlights two key agricultural issues that could potentially threaten economic development in Barbados. These are: the rising level of imports and rising food prices. Strategies that may be deemed beneficial to the local agricultural industry, if it is to remain a viable tool for national economic growth and development, will also be presented.


Editor(s):
Badrie, Neela
Issue Date:
2010-09
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
978-976-634-010-0 (Other)
PURL Identifier:
http://purl.umn.edu/122665
Total Pages:
13
JEL Codes:
Q18
Note:
Bridgetown, Barbados 6th – 10th July, 2009
Series Statement:
Proceedings of the West Indies Agricultural Economics Conference
28




 Record created 2017-04-01, last modified 2017-08-26

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