 Economic Efficiency The economy of Barbados has performed creditably when compared with that of other developing countries. However, when compared with small, world-class leader economies, it has a significant amount of ground to cover to raise its level of competitiveness.  Performance Since 1994, Government has proposed and/or begun to implement several innovative projects that have enjoyed varying degrees of success. The complexity of modern life, the incredible pace of change, and the global information explosion are placing tremendous pressure on the public and private sectors to deliver on their strategic goals no matter the obstacles. In a demanding global marketplace, the ability to “close the deal” means the difference between thriving and merely surviving. Greater attention therefore has to be given to realizing agreed goals and objectives.  Service Advances in science and technology and the growth of the Internet are elevating the notion of service to dizzying heights. Customers are demanding, their tastes are refined, their expectations are great. Barbados markets itself as a service economy with a premium tourism product and a growing offshore sector. There is need to significantly improve the quality of service being offered in various sectors of the economy. 15