That path does involve some tough challenges: in too many areas we are not up to speed with the finest services and products that are on offer in the industrialised world, and outmoded and inefficient processes will need to be discarded.
Our own collective decisions on the timing of these inevitable changes will determine the extent of our economic success, and the speed with which we are able to improve the livelihoods of all Barbadians. Faster growth increases the size of the pie to be shared among everyone; that must be our focus. BIS central bankers’ speeches  3