Owen Arthur warning about the state of the economy during his lecture Monday night. (Picture by Ricardo Leacock.)
The private sector in Barbados has been challenged to step up and help to resuscitate the economy.
It came from former Prime Minister Owen Arthur during a lecture Monday night on The IMF And The Caribbean: New Directions For A New Relationship. It was held at the Roy Marshall Teaching Complex, University of the West Indies, Cave Hill.
He said economic recovery could be a hard road to travel, but stressed that “the state cannot carry the responsibilities of everybody”.
Noting inefficiencies in state-owned enterprises, Arthur suggested a model of private sector ownership but “with a high level of participation by workers”. He said privatisation would combine enfranchisement with a generation of productivity. (HH)
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