skilled human capital from around the world. They can collaborate
using
ICT
frameworks
to
boost
their
capacity
and
compete
immediately for contracts and foreign-exchange-earning projects at
the regional and international levels.
Most importantly, however,
they can utilize available local human capital to develop and produce
products and services which are in demand.
Entrepreneurship
The digital information revolution liberates workers in many servicerelated industries from the limitations of geography and confining
institutional structures.
It can therefore enable Barbadians to
telecommute and thus expand their employment opportunities within
a global labour market.
With the right mix of research and
development as well as institutional support, financing, and legal
frameworks, the information revolution also facilitates innovation. It
allows creative companies and entrepreneurs to emerge and to
partner
with
each
other
in
imaginative
ways
that
support
competitiveness and encourage free enterprise, thus contributing
positively to the process of growth and development.
d. Threats
Institutional Traditions
While Barbados‟ strong institutional traditions are one of the
country‟s most enduring strengths, the pervasive culture of rigidity,
control and failure to exploit the creative talent of persons within the
Barbadian society has the potential to stifle the country‟s internal
transformation before it can reach critical mass.
Indeed, the
Barbadian private sector is famously known for its fear of risk taking.
Coupled
with
the
inertia
inherent
in
many
public
sector
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